TERTULIA INC (EIN 454567854) - 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

2012

Legal Domicile

Principal Officer

JULIA VILLAGRA

Phone

6463523562

Tax Period

2023-01-01 to 2023-12-31

TERTULIA INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $210K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $235K exceeded revenue, resulting in a 12% operating deficit.

Mission

TERTULIA PLACES CHAMBER MUSIC BACK WHERE IT BELONGS - IN A FESTIVE, INVITING ATMOSPHERE. OUR MISSION IS TO REVEAL THE COMMUNICATIVE, INTIMATE AND INSPIRING REALM OF CHAMBER MUSIC TO AUDIENCES WHO ARE CURIOUS TO DISCOVER A NEW PASSION, TO THOSE WHO SEEK A DIFFERENT PERSPECTIVE ON THE ART FORM THEY ALREADY LOVE, OR TO THOSE WHO ARE SIMPLY LOOKING FOR AN EVENING IN THE COMPANY OF CLOSE FRIENDS, DELICIOUS FOOD AND GREAT MUSIC. AT TERTULIA, WE BELIEVE INCREDIBLE FOOD AND WORLD-CLASS CHAMBER MUSIC, TOGETHER, ARE THE PERFECT RECIPE FOR ENGAGING TODAY'S CLASSICAL MUSIC AUDIENCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $105,891

Program Service Revenue $104,388

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,000

Fundraising Expenses $0

Program Expenses $234,720

Other Expenses $195,720

TOTAL EXPENSES $234,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,279	$311,588	-0.3%
Expenses	$234,720	$275,134	-0.1%
Net Income	$-24,441	$36,454	-1.7%

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

N/A

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

$39,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES AUSTIN SMITH	BOARD MEMBER	5.00	Officer	$39,000	$0	$39,000
SAIRA KATHPALIA	BOARD MEMBER	5.00	Officer	$0	$0	$0
KIMBERLY MARTIN	BOARD MEMBER	5.00	Officer	$0	$0	$0
MARLO MCGRIFF	BOARD MEMBER	5.00	Officer	$0	$0	$0
FAITH MCCOY SCRIVEN	BOARD MEMBER	5.00	Officer	$0	$0	$0
JULIA VILLAGRA	PRESIDENT	10.00	Officer	$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	No data	No data	No data	No data
2023	$210,279	$234,720	$105,093	$-24,441
2022	$311,588	$275,134	$129,534	$36,454

TERTULIA INC