Vortex Inc

Nonprofit profile at a glance

EIN
850263324
IRS 990 coverage
2019–2025
Forms available
Form 990 2025
Location
Albuquerque, NM, USA
Phone
5052478600
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$48,809
Expenses
$48,695
Assets
$630,885
Liabilities
$350,845

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • DACHARY VANN (PRESIDENT)
  • RAYRAY GRIEGO (VICE PRESIDENT)

People named in this filing

  • DACHARY VANN (PRESIDENT)
  • RAYRAY GRIEGO (VICE PRESIDENT)
  • LAURA HALL (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Earned-program. 71% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 83
  • Accountability: 48
  • Sustainability: 53
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.8%; rating input score 46
  • Program expense ratio: 45.9%; rating input score 46
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 41.7%; rating input score 42; 22nd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.2%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 12.96; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -9.6% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -6.5% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: -7% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 45.8% of revenue deployed · 45.9% of spending went to programs
  • Governance: 5 of 12 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 17 of 20 current checks pass · 3 findings to review
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2019 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • Moderate — Accountability: Independent voting board scored 42/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX AllOtherExpenses column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.