EVERGREEN DEVELOPMENT NETWORK (EIN 262872587) - 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

2008

Legal Domicile

Principal Officer

James Hadley

Phone

5413441229

Tax Period

2024-07-01 to 2025-06-30

EVERGREEN DEVELOPMENT NETWORK, founded in 2008, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

Evergreen Development Network (EDN) provides educational and administrative services, at cost, to Network Charter School. EDN owns and manages the building which is leased to Network Charter School.

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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 $17,200

Program Service Revenue $1,073,712

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,090,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $773,583

Fundraising Expenses $0

Program Expenses $988,836

Other Expenses $252,229

TOTAL EXPENSES $1,025,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,090,912	$876,739	+0.2%
Expenses	$1,025,812	$876,383	+0.2%
Net Income	$65,100	$356	+181.9%

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

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

$115,834

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Penny Studt	Principal	40	Key Emp	$60,300	$9,279	$69,579
Jonathan Kuhns-Obana	Finance Director	25	Key Emp	$36,976	$9,279	$46,255
Sandy Spencer	Board Secretary	0.25	Officer Director	$0	$0	$0
James Hadley	Board Chair	1	Director Key Emp	$0	$0	$0
Coraly Peterson	Board Member	0.25	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	$1,090,912	$1,025,812	$863,084	$65,100
2024	$876,739	$876,383	$875,000	$356
2023	$810,442	$770,536	$899,601	$39,906
2022	$493,672	$484,713	$856,273	$8,959
2021	$422,368	$410,205	$840,925	$12,163

EVERGREEN DEVELOPMENT NETWORK