Impact Network Inc (EIN 273346714) - 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

2010

Legal Domicile

Principal Officer

Wayne T Jackson

Phone

3132205915

Tax Period

2023-01-01 to 2023-12-31

Impact Network Inc, founded in 2010, is a community nonprofit in the Religion sector that reported $7.2M in total revenue in fiscal year 2023. Expenses of $9.8M exceeded revenue, resulting in a 35% operating deficit.

Mission

Impact Network is the place for growth, hope, and change. The Impact Network experience is designed to inspire, inform, and uplift your spirit, soul, and body. Impact Networks mission is to provide viewers and listeners with enriching entertainment that impacts every aspect of your life--spiritually, physically, financially, mentally and emotionally.

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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 (2023)

Revenue Breakdown

Contributions & Grants $204,593

Program Service Revenue $7,025,952

Investment Income $32

Other Revenue $4,011

TOTAL REVENUE $7,234,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $987,983

Fundraising Expenses $0

Program Expenses $6,742,887

Other Expenses $8,811,947

TOTAL EXPENSES $9,799,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,234,588	$7,419,746	0.0%
Expenses	$9,799,930	$5,608,559	+0.7%
Net Income	$-2,565,342	$1,811,187	-2.4%

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

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

$729,407

Total Directors

$731,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bishop Wayne T Jackson	President/Chief Executive Officer	40.00	Officer Director	$494,200	$0	$494,200
Dr Beverly Y Jackson	Executive Vice President	30.00	Officer Director	$61,007	$0	$61,007
Royal Jackson	Vice President	40.00	Officer Director	$162,200	$0	$162,200
Dominique Y Jackson-Brame	Secretary/Director	10.00	Officer Director	$0	$0	$0
Fred Brame II	Director	5.00	Officer Director	$0	$0	$0
Rachel Kennedy	Accountant	30.00	Officer Director	$12,000	$0	$12,000
Joy White	Director	5.00	Officer Director	$0	$0	$0
Clarence Langston	Director	5.00	Director	$0	$0	$0
N/A	Director	5.00	Director	$0	$0	$0
Joshua Bennett	Director	5.00	Director	$2,500	$0	$2,500
Ira V Hilliard	Director	5.00	Director	$0	$0	$0
Lewis Gibbs	Manager	40.00	Highest	$152,400	$0	$152,400

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	No data	No data	No data	No data
2023	$7,234,588	$9,799,930	$14,626,200	$-2,565,342
2023	$7,240,136	$9,794,304	$14,626,200	$-2,554,168
2022	$7,419,746	$5,608,559	$5,895,178	$1,811,187
2022	$7,419,754	$5,782,475	$5,702,772	$1,637,279
2021	$6,302,531	$4,595,086	$3,972,602	$1,707,445
2020	$4,507,522	$4,270,833	$2,720,984	$236,689
2019	$4,524,591	$4,247,767	$2,317,174	$276,824
2018	$3,621,204	$3,729,843	$1,675,610	$-108,639

Impact Network Inc