THE CORE NETWORK

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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

1997

Legal Domicile

Principal Officer

GRANT STEWART

Phone

7574907871

Tax Period

2023-01-01 to 2023-12-31

THE CORE NETWORK, founded in 1997, is a micro nonprofit that reported $32K in total revenue in fiscal year 2023. Expenses of $91K exceeded revenue, resulting in a 182% operating deficit.

Mission

REAL ESTATE BROKERAGE ASSISTANCE IN MARKETING AND RESEARCH

Program Service Accomplishments

Program 1

RESEARCH AND INFORMATION PROCESSING INCLUDING QUARTERLY RESEARCH REPORT FOR ALL MEMBERS INCLUDING MARKET ANALYSIS IN 46 US MARKETS. THIS PROJECT ASSITED ALL MEMBER FIRMS.

Program 2

Expenses: $90,951 Revenue: $32,250

MEETINGS AND SPECIAL EVENTS INCLUDING NATIONAL & REGIONAL CONFERENCES FOR MEMBERS AND POTENTIAL MEMBERS. SPEAKERS SPECIALIZING IN THE COMMERCIAL REAL ESTATE ARENA GAVE PRESENTATIONS OF INTEREST TO...

MEETINGS AND SPECIAL EVENTS INCLUDING NATIONAL & REGIONAL CONFERENCES FOR MEMBERS AND POTENTIAL MEMBERS. SPEAKERS SPECIALIZING IN THE COMMERCIAL REAL ESTATE ARENA GAVE PRESENTATIONS OF INTEREST TO ALL ATTENDEES. ALL MEMBER FIRMS PARTICIPATED.

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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 $0

Program Service Revenue $32,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,435

Fundraising Expenses $0

Program Expenses $90,951

Other Expenses $56,516

TOTAL EXPENSES $90,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,250	$30,000	+0.1%
Expenses	$90,951	$99,259	-0.1%
Net Income	$-58,701	$-69,259	-0.2%

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

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

$33,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DIVARIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRUCE HECHT	TREASURER	1.00	Officer Director	$0	$0	$0
GRANT STEWART	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIM MARK	DIRECTOR	1.00	Director	$0	$0	$0
KEENE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MONTROSE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL KRUPNICK	EXECUTIVE DIRECTOR	40.00	Officer	$25,981	$7,059	$33,040

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
2023	$32,250	$90,951	$19,384	$-58,701
2022	$30,000	$99,259	$78,085	$-69,259
2021	$32,250	$93,092	$147,344	$-60,842
2020	No data	$59,040	$208,188	No data
2019	$105,900	$128,739	$267,228	$-22,839
2018	$132,900	$151,317	$290,067	$-18,417