THE SHARING NETWORK FOUNDATION 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

2006

Legal Domicile

Principal Officer

Amanda A Tibok

Phone

9085165697

Tax Period

2024-01-01 to 2024-12-31

THE SHARING NETWORK FOUNDATION INC, founded in 2006, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $5.5M represent 53 months of operating reserves.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO (1) SUPPORT AND PROMOTE THE DONATION OF ORGANS AND TISSUES FOR TRANSPLANTATION, THERAPY, RESEARCH AND EDUCATION, (2) FOSTER EDUCATION AND RESEARCH WITH RESPECT TO HUMAN ORGAN AND TISSUE DONATION AND (3) FOSTER PUBLIC SERVICE PROGRAMS AND THE EDUCATION OF THE PUBLIC ON THE IMPORTANCE AND BENEFITS OF ORGAN AND TISSUE DONATION. THE ORGANIZATION WAS ALSO FORMED TO BE AN INTEGRAL PART OF AND SUPPORT THE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF NJ ORGAN AND TISSUE SHARING NETWORK, INC.; AN ORGANIZATION RECOGNIZED BY THE IRS AS TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3). IN CONNECTION THEREWITH, THE ORGANIZATION WILL RAISE FUNDS FOR GRANTS TO NJ ORGAN AND TISSUE SHARING NETWORK OR TO OPERATE PROGRAMS THAT SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF NJ ORGAN AND TISSUE SHARING NETWORK, BASED ON REQUESTS OF NJ ORGAN AND TISSUE SHARING NETWORK. IN ADDITION, THE ORGANIZATION WILL SEEK OUT AND MAKE GRANTS TO INTERNAL R

Program Service Accomplishments

Program 1

Expenses: $866,518 Revenue: $0

EXPENSES INCURRED IN CARRYING OUT THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE WHICH IS TO (1) SUPPORT AND PROMOTE THE DONATION OF ORGANS AND TISSUES FOR TRANSPLANTATION, THERAPY, RESEARCH AND...

EXPENSES INCURRED IN CARRYING OUT THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE WHICH IS TO (1) SUPPORT AND PROMOTE THE DONATION OF ORGANS AND TISSUES FOR TRANSPLANTATION, THERAPY, RESEARCH AND EDUCATION, (2) FOSTER EDUCATION AND RESEARCH WITH RESPECT TO HUMAN ORGAN AND TISSUE DONATION AND (3) FOSTER PUBLIC SERVICE PROGRAMS AND THE EDUCATION OF THE PUBLIC ON THE IMPORTANCE AND BENEFITS OF ORGAN AND TISSUE DONATION. THE ORGANIZATION WAS ALSO FORMED TO BE AN INTEGRAL PART OF AND SUPPORT THE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF NJ ORGAN AND TISSUE SHARING NETWORK, INC.; AN ORGANIZATION RECOGNIZED BY THE IRS AS TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3). IN CONNECTION THEREWITH, THE ORGANIZATION WILL RAISE FUNDS FOR GRANTS TO NJ ORGAN AND TISSUE SHARING NETWORK OR TO OPERATE PROGRAMS THAT SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF NJ ORGAN AND TISSUE SHARING NETWORK, BASED ON REQUESTS OF NJ ORGAN AND TISSUE SHARING NETWORK. IN ADDITION, THE ORGANIZATION WILL SEEK OUT AND MAKE GRANTS TO INTERNAL REVENUE CODE SECTION 501 (C)(3) AND GOVERNMENTAL ORGANIZATIONS THAT SUPPORT AND PROMOTE ORGAN AND TISSUE DONATION IN THE STATE OF NEW JERSEY. THESE GRANTS ARE INTENDED TO REWARD THOSE ORGANIZATIONS THAT ARE CREATING OR OPERATING PROGRAMS THAT BEST PROMOTE AND SUPPORT SUCCESSFUL ORGAN AND TISSUE DONATION EFFORTS AND TO INDIRECTLY PROVIDE THOSE ORGANIZATIONS WITH PUBLIC ACKNOWLEDGMENT OF THEIR EFFORTS AND SUCCESS. FINALLY, THE ORGANIZATION WILL ALSO CONSIDER GRANTS TO LOCAL GROUPS WHO SUPPORT ORGAN AND TISSUE DONATION.

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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 $1,114,341

Program Service Revenue $0

Investment Income $124,083

Other Revenue $8,216

TOTAL REVENUE $1,246,640

Expense Breakdown

Grants Paid $361,526

Salaries & Benefits $0

Fundraising Expenses $102,600

Program Expenses $866,518

Other Expenses $858,161

TOTAL EXPENSES $1,219,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,246,640	$1,686,098	-0.3%
Expenses	$1,219,687	$1,469,842	-0.2%
Net Income	$26,953	$216,256	-0.9%

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

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

$915,419

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN WELSH	PRESIDENT & CEO	55.0	Officer	$0	$96,278	$704,700
AMANDA A TIBOK	EXECUTIVE DIRECTOR	55.0	Officer	$0	$56,794	$210,719
Ronald Oswick	CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
Debbie T Prince	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
Michael Rizzo	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
SANDY ERWIN	SECRETARY/TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
JP Bartolomeo	TRUSTEE	1.0	Director	$0	$0	$0
JANE A BUCKIEWICZ	TRUSTEE	1.0	Director	$0	$0	$0
DEEPA IYER MD	TRUSTEE	1.0	Director	$0	$0	$0
PAUL JOVA	TRUSTEE	1.0	Director	$0	$0	$0
PHILIP S KOLM	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT RING	TRUSTEE	1.0	Director	$0	$0	$0
LORIE A RODIMER	TRUSTEE	1.0	Director	$0	$0	$0
STACEY ROMANELLO	TRUSTEE	1.0	Director	$0	$0	$0
BARBARA SINE	TRUSTEE	1.0	Director	$0	$0	$0
ELIZABETH STAMLER	TRUSTEE	1.0	Director	$0	$0	$0
CHRISTOPHER J BAUTISTA	CHAIRMAN-TRUSTEE(TERM 4/1/24)	1.0	Officer Director	$0	$0	$0
STEVE ALESSI	TRUSTEE (TERM 4/30/24)	1.0	Director	$0	$0	$0
LAKISHA S BRAY	TRUSTEE (TERM 9/1/24)	1.0	Director	$0	$0	$0
MITCH KOGEN	TRUSTEE (TERM 4/30/24)	1.0	Director	$0	$0	$0
STEPHEN A ORENCHUK	TRUSTEE (TERM 11/22/24)	1.0	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
2024	$1,246,640	$1,219,687	$5,532,150	$26,953
2023	$1,686,098	$1,469,842	$1,679,869	$216,256
2022	$1,091,199	$1,353,377	$1,180,624	$-262,178
2021	$1,484,701	$1,427,934	$1,766,121	$56,767
2020	$1,059,123	$1,185,837	$1,469,781	$-126,714
2019	$1,418,835	$1,261,242	$1,438,020	$157,593
2018	$1,592,110	$1,470,623	$1,696,605	$121,487