TESSERACT RESEARCH CENTER INC (EIN 274552853) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

ERICA PAYNE

Tax Period

2024-01-01 to 2024-12-31

TESSERACT RESEARCH CENTER INC, founded in 2010, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 45% operating deficit.

Mission

TESSERACT RESEARCH CENTER, INC IS A NON-PROFIT, NON-PARTISAN ORGANIZATION DEDICATED TO PROMOTING KNOWLEDGE ABOUT PUBLIC POLICY, THE ECONOMY AND THE IMPORTANCE OF A STRONG DEMOCRACY THROUGH PUBLIC EDUCATION, RESEARCH, PUBLICATIONS AND EVENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,252,516

Program Service Revenue $0

Investment Income $1,031

Other Revenue $0

TOTAL REVENUE $3,253,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,911,448

Fundraising Expenses $267,233

Program Expenses $3,938,412

Other Expenses $2,817,267

TOTAL EXPENSES $4,728,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,253,547	$3,884,210	-0.2%
Expenses	$4,728,715	$4,792,793	0.0%
Net Income	$-1,475,168	$-908,583	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$619,985

Total Directors

$360,078

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICA PAYNE	PRESIDENT	32.00	Officer Director	$258,269	$33,155	$360,078
JODIE RUBENSTEIN	TREASURER/SECRETARY	32.00	Officer	$171,534	$42,775	$259,907
DYLAN DUSSEAULT	POLITICAL DIRECTOR	8.00		$31,453	$16,086	$165,864
RENE FELT	ART DIRECTOR	32.00	Highest	$109,275	$23,838	$162,161
ADAM SHUBERT	CHIEF OF STAFF	32.00	Highest	$95,748	$7,200	$128,400
GENE HAIGH	SENIOR ADVISOR	32.00	Highest	$88,116	$22,409	$133,948
CHASE HARDIN	COMMUNICATIONS DIRECTOR	32.00		$86,353	$13,496	$122,804
ROBERT LORD	SENIOR ADVISOR	32.00	Highest	$86,900	$6,538	$116,538
ANA MARIA ARCHILA	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN PRINCE	DIRECTOR	0.50	Director	$0	$0	$0
DREW POMERANCE	DIRECTOR	0.50	Director	$0	$0	$0
CHUCK COLLINS	DIRCTOR	0.50	Director	$0	$0	$0
MORRIS PEARL	CHAIRMAN OF THE BOARD	0.50	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,253,547	$4,728,715	$595,099	$-1,475,168
2023	$3,884,210	$4,792,793	$2,050,986	$-908,583
2022	$2,256,273	$7,519,858	$2,940,697	$-5,263,585
2021	$2,226,497	$3,870,198	$8,180,925	$-1,643,701
2020	$1,957,922	$13,443,580	$10,053,886	$-11,485,658
2019	$1,430,667	$5,140,426	$21,618,893	$-3,709,759
2018	$26,649,889	$2,223,066	$25,037,366	$24,426,823

TESSERACT RESEARCH CENTER INC