VERTEX NONPROF ORGANIZATION (EIN 452831378) - 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

2011

Legal Domicile

Principal Officer

JARED HADDOCK

Phone

4356502066

Tax Period

2024-07-01 to 2025-06-30

VERTEX NONPROF ORGANIZATION, founded in 2011, is a small nonprofit in the Education sector that reported $400K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $899K exceeded revenue, resulting in a 125% operating deficit.

Mission

PROVIDE CARE AND EDUCATION FOR UNDERPRIVILEGED CHILDREN.

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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 $123,702

Program Service Revenue $275,690

Investment Income $538

Other Revenue $0

TOTAL REVENUE $399,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $524,877

Fundraising Expenses $0

Program Expenses $873,409

Other Expenses $374,268

TOTAL EXPENSES $899,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,930	$935,392	-0.6%
Expenses	$899,145	$870,436	+0.0%
Net Income	$-499,215	$64,956	-8.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED HADDOCK	PRESIDENT	N/A	Officer	$0	$0	$0
MARK MORLEY	LEGAL COUNSE	N/A	Officer	$0	$0	$0
SHANE WASDEN	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW MERRILL	DIRECTOR	N/A	Director	$0	$0	$0
MATT NIELSON	DIRECTOR	N/A	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
2025	$399,930	$899,145	$448,100	$-499,215
2024	No data	No data	No data	No data
2023	$1,095,724	$1,798,057	$882,408	$-702,333
2022	$874,492	$769,494	$1,584,741	$104,998
2021	$570,803	$1,510,778	$1,479,743	$-939,975
2020	$8,346,772	$920,633	$2,419,718	$7,426,139
2019	$2,972,217	$2,539,895	$16,963,038	$432,322

VERTEX NONPROF ORGANIZATION