Civic Intelligence

Vortex Inc.

990 • Fiscal year 2022 • EIN 85-0263324

Nov 01, 2021 to Oct 31, 2022 • Filed on Sep 15, 2023

2900 Carlisle Blvd NEAlbuquerque, NM 87110

(505) 247-8600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.52x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

2.72x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Net Margin

12th percentile

-34%

Higher net margin than 12% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

48th percentile

$1,015

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Asset Growth

27th percentile

-7.5%

Faster asset growth than 27% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-32%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$734,534

Down $59,910 (-7.5%) from 2021

Net Assets

Down

$352,133

Down $48,029 (-12%) from 2021

Liabilities

Down

$382,401

Down $11,881 (-3.0%) from 2021

Revenue

Down

$140,387

Down $67,379 (-32%) from 2021

Expenses

Up

$188,416

Up $32,335 (+21%) from 2021

Net Income

Down

-$48,029

Down $99,714 (-193%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $45,265Liabilities 2011: $432011Assets 2012: $53,103Liabilities 2012: $1202012Assets 2013: $69,836Liabilities 2013: $3562013Assets 2014: $802,269Liabilities 2014: $566,249Net Assets 2014: $236,0202014Assets 2015: $874,564Liabilities 2015: $532,201Net Assets 2015: $342,3632015Assets 2016: $880,345Liabilities 2016: $516,248Net Assets 2016: $364,0972016Assets 2017: $929,914Liabilities 2017: $495,420Net Assets 2017: $434,4942017Assets 2018: $927,128Liabilities 2018: $476,533Net Assets 2018: $450,5952018Assets 2019: $924,817Liabilities 2019: $456,136Net Assets 2019: $468,6812019Assets 2020: $938,264Liabilities 2020: $424,395Net Assets 2020: $513,8692020Assets 2021: $794,444Liabilities 2021: $394,282Net Assets 2021: $400,1622021Assets 2022: $734,534Liabilities 2022: $382,401Net Assets 2022: $352,1332022Assets 2023: $652,583Liabilities 2023: $376,458Net Assets 2023: $276,1252023Assets 2024: $619,737Liabilities 2024: $360,220Net Assets 2024: $259,5172024

Highlighted filing

2022

Assets$734,534
Liabilities$382,401
Net Assets$352,133

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $167,713Expenses 2011: $141,186Net Income 2011: $26,5272011Revenue 2012: $144,385Expenses 2012: $136,624Net Income 2012: $7,7612012Revenue 2013: $170,595Expenses 2013: $154,098Net Income 2013: $16,4972013Revenue 2014: $337,509Expenses 2014: $170,969Net Income 2014: $166,5402014Revenue 2015: $309,019Expenses 2015: $202,676Net Income 2015: $106,3432015Revenue 2016: $199,885Expenses 2016: $178,151Net Income 2016: $21,7342016Revenue 2017: $286,083Expenses 2017: $215,686Net Income 2017: $70,3972017Revenue 2018: $226,880Expenses 2018: $210,779Net Income 2018: $16,1012018Revenue 2019: $235,286Expenses 2019: $217,199Net Income 2019: $18,0872019Revenue 2020: $147,978Expenses 2020: $102,790Net Income 2020: $45,1882020Revenue 2021: $207,766Expenses 2021: $156,081Net Income 2021: $51,6852021Revenue 2022: $140,387Expenses 2022: $188,416Net Income 2022: -$48,0292022Revenue 2023: $144,620Expenses 2023: $220,628Net Income 2023: -$76,0082023Revenue 2024: $164,697Expenses 2024: $181,522Net Income 2024: -$16,8252024

Highlighted filing

2022

Revenue$140,387
Expenses$188,416
Net Income-$48,029
Jump To
Filing Snapshot
Filing Period
Nov 1, 2021 to Oct 31, 2022
Signed
Sep 15, 2023
Return Version
2021v4.2
Gross Receipts
$140,387
Mission and Program 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.

Produce quality theater, train individuals, & enhance the cultural life of the local population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$623,231$592,437▼ $30,794
Rtn Earn Endowment Incm Other Fnds$400,162$352,133▼ $48,029
Cash and Non-Interest-Bearing Accounts$67,680$63,888▼ $3,792
Savings and Temporary Cash Investments$58,033$32,709▼ $25,324
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$794,444$734,534▼ $59,910
Other Assets Total$45,500$45,500→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$394,073$382,062▼ $12,011
Accounts Payable and Accrued Expenses$209$339▲ $130
Total Liabilities$394,282$382,401▼ $11,881
Net Assets / Fund Balance
Total Net Assets Fund Balance$400,162$352,133▼ $48,029
Total Liabilities and Net Assets / Fund Balance$794,444$734,534▼ $59,910

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$577,700$226,820$804,520
Land$14,737-$14,737
Other Assets Org$45,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ray Rey GriegoVice PresidentPT$1,015-$1,015
Mary RossmanTreasurerPT-$300$300

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$121,275
Program Service Revenue
$19,063
Investment Income
$49
Other Revenue
$0
All Other Contributions
$51,704
Change in Net Assets
$-48,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,520
Salaries, Compensation, and Employee Benefits$14,896
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$41,412--$41,412
Depreciation Depletion$27,715$3,079-$30,794
Interest$17,699$1,967-$19,666
Occupancy$15,695$1,170-$16,865
Advertising$15,780--$15,780
Fees for Services Accounting-$11,391-$11,391
Other Salaries and Wages$8,540$2,847-$11,387
Office Expenses$7,973$151-$8,124
Insurance$3,063$1,313-$4,376
Royalties$3,206--$3,206
Current Officers, Directors, Trustees, and Key Employees$2,445--$2,445
Other Expenses$1,134--$1,134
Payroll Taxes$798$266-$1,064
Total Functional Expenses$166,232$22,184$0$188,416
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the finance committee and the board president. A copy is provided to the full board within 12 hours of it becoming available.

Form 990, Part VI, Section C, Line 19

The organization publishes copies of the documentation to the full board of directors, files documentation with the state of new mexico (attorney general), and keeps physical hard copies in the organization's office for review.

Filing and Contact Details

Filer

Filer Name
Vortex Inc
EIN
85-0263324
Phone
5052478600
Address
2900 CARLISLE BLVD NE, ALBUQUERQUE, NM 87110
Doing Business As
The Vortex Theatre

Signing Officer

Name
Matthew Gogel
Title
President
Phone
5052478600
Signed
2023-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Gogel
Formed
1976
Legal Domicile
Nm
Voting Board Members
12
Independent Board Members
6
Employees
5
Volunteers
135

Preparer

Firm
Carr Riggs & Ingram LLC
Address
807 CAMINO DE MONTE REY, SANTA FE, NM 87505
Preparer
Rhonda G Williams
Phone
5059833387
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Actors and tech crew for production: program service expenses 41,412. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,412.

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IRS990/ProgramServiceRevenueGrp/Desc0BOX OFFICE
IRS990/ProgramServiceRevenueGrp/Desc1CONCESSIONS
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011206
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17396
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17396
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2461
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0204699
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012
IRS990/PYOtherExpensesAmt0150288
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03055
IRS990/PYRevenuesLessExpensesAmt051685
IRS990/PYSalariesCompEmpBnftPaidAmt05793
IRS990/PYTotalExpensesAmt0156081
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0207766
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-48029
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt019063
IRS990/RoyaltiesGrp/ProgramServicesAmt03206
IRS990/RoyaltiesGrp/TotalAmt03206
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0400162
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0352133
IRS990/SavingsAndTempCashInvstGrp/BOYAmt058033
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032709
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt029302
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt055051
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt023500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt013300
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0131153
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0121275
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0204699
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt096927
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt094188
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt052455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0569544
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0312
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0361
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt019063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02755
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt051051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0141098
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0174423
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0388390
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0312
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0361
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86280
IRS990ScheduleA/PublicSupportPY509Pct00.86850
IRS990ScheduleA/PublicSupportTotal509Amt0826781
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt029302
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt055051
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt023500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt013300
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0131153
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0140338
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0207454
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0147978
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0235286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0226878
IRS990ScheduleA/Total509Grp/TotalAmt0957934
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0140387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0207766
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0147978
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0235286
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0226878
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0958295
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0577700
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0226820
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0804520
IRS990ScheduleD/HeldWorksArtGrp/AssetsIncludedAmt045500
IRS990ScheduleD/LandGrp/BookValueAmt014737
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014737
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt045500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MACPHERSON PAINTINGS
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0592437
IRS990ScheduleD/TotalBookValueOtherAssetsAmt045500
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THE BOARD PRESIDENT. A COPY IS PROVIDED TO THE FULL BOARD WITHIN 12 HOURS OF IT BECOMING AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PUBLISHES COPIES OF THE DOCUMENTATION TO THE FULL BOARD OF DIRECTORS, FILES DOCUMENTATION WITH THE STATE OF NEW MEXICO (ATTORNEY GENERAL), AND KEEPS PHYSICAL HARD COPIES IN THE ORGANIZATION'S OFFICE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTORS AND TECH CREW FOR PRODUCTION: PROGRAM SERVICE EXPENSES 41,412. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,412.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0794444
IRS990/TotalAssetsEOYAmt0734534
IRS990/TotalAssetsGrp/BOYAmt0794444
IRS990/TotalAssetsGrp/EOYAmt0734534
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0121275
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022184
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0166232
IRS990/TotalFunctionalExpensesGrp/TotalAmt0188416
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0394282
IRS990/TotalLiabilitiesEOYAmt0382401
IRS990/TotalLiabilitiesGrp/BOYAmt0394282

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.20$3.60$2.60$1.65$1.82$0.17
2023Summary only. Only limited summary data is available for this year.$6.53$3.76$2.76$1.45$2.21$0.76
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.35$3.82$3.52$1.40$1.88$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.94$3.94$4.00$2.08$1.56$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.38$4.24$5.14$1.48$1.03$0.45
2019Summary only. Only limited summary data is available for this year.$9.25$4.56$4.69$2.35$2.17$0.18
2018Summary only. Only limited summary data is available for this year.$9.27$4.77$4.51$2.27$2.11$0.16
2017Summary only. Only limited summary data is available for this year.$9.30$4.95$4.34$2.86$2.16$0.70
2016Summary only. Only limited summary data is available for this year.$8.80$5.16$3.64$2.00$1.78$0.22
2015Summary only. Only limited summary data is available for this year.$8.75$5.32$3.42$3.09$2.03$1.06
2014Summary only. Only limited summary data is available for this year.$8.02$5.66$2.36$3.38$1.71$1.67
2013Summary only. Only limited summary data is available for this year.$0.70$0.00$1.71$1.54$0.16
2012Summary only. Only limited summary data is available for this year.$0.53$0.00$1.44$1.37$0.08
2011Summary only. Only limited summary data is available for this year.$0.45$0.00$1.68$1.41$0.27
Peer Organizations

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