VORTEX INC

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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

1976

Legal Domicile

Principal Officer

LESLEE RICHARDS

Phone

5052478600

Tax Period

2024-11-01 to 2025-10-31

VORTEX INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $195K left a modest 6% surplus.

Mission

THE MISSION OF THE VORTEX THEATRE IS TO PRODUCE QUALITY THEATRE AND DRAMA, ENGAGE AND TRAIN THOSE INTERESTED IN THEATER AND ENHANCE THE CULTURAL LIFE OF THE POPULATION OF THE GREATER ALBUQUERQUE AND NEW MEXICO AREA.

Program Service Accomplishments

Program 1

Expenses: $121,956

The Vortex Inc. provides education and low-cost theatre exposure to the local Albuquerque, NM market. The organization provides internally developed education free of charge o learners, partners with the public school system, the senior care system and other organizations to invite underserved communities into theater and theater education.

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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 $34,624

Program Service Revenue $166,629

Investment Income $325

Other Revenue $5,550

TOTAL REVENUE $207,128

Expense Breakdown

Grants Paid $350

Salaries & Benefits $35,011

Fundraising Expenses $0

Program Expenses $121,956

Other Expenses $159,498

TOTAL EXPENSES $194,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,128	$164,697	+0.3%
Expenses	$194,859	$181,522	+0.1%
Net Income	$12,269	$-16,825	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DACHARY VANN	PRESIDENT	020.00	Officer Director	$0	$0	$0
RAYRAY GRIEGO	VICE PRESIDENT	020.00	Officer Director	$0	$0	$0
LAURA HALL	SECRETARY	020.00	Officer Director	$0	$0	$0
MATT GOGEL	TREASURER	015.00	Officer Director	$0	$0	$0
ERIN HULSE	EXECUTIVE COMMITTEE MEMBER AT LARGE	015.00	Officer Director	$0	$0	$0
BRIDGET DUNNE	BOARD MEMBER	015.00	Officer Director	$0	$0	$0
LESLEE RICHARDS	BOARD MEMBER	020.00	Director	$0	$0	$0
JEFF DOLECEK	BOARD MEMBER	010.00	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	No data	No data	No data	No data
2025	$207,128	$194,859	$617,663	$12,269
2024	$164,697	$181,522	$619,737	$-16,825
2023	$144,620	$220,628	$652,583	$-76,008
2022	$140,387	$188,416	$734,534	$-48,029
2021	$207,766	$156,081	$794,444	$51,685
2020	$147,978	$102,790	$938,264	$45,188