LOT NETWORK INC (EIN 465160062) - 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

2014

Legal Domicile

Principal Officer

KENNETH SEDDON

Phone

4808394900

Tax Period

2023-01-01 to 2023-12-31

LOT NETWORK INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $7.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $6.7M left a modest 11% surplus.

Mission

LOT NETWORK PROMOTES INNOVATION BY REDUCING THE RISK OF LITIGATION FROM PATENT ASSERTION ENTITIES.

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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 $7,526,662

Investment Income $392

Other Revenue $0

TOTAL REVENUE $7,527,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,651,517

Fundraising Expenses $0

Other Expenses $3,064,095

TOTAL EXPENSES $6,715,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,527,054	$6,476,636	+0.2%
Expenses	$6,715,612	$6,069,942	+0.1%
Net Income	$811,442	$406,694	+1.0%

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

$1,451,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HIDEKI SANATAKE	DIRECTOR	4.00	Director	$0	$0	$0
TIM KOWALSKI	DIRECTOR	4.00	Director	$0	$0	$0
DAVID PERRY	DIRECTOR	4.00	Director	$0	$0	$0
KEN SEDDON	CEO	45.00	Officer	$1,407,115	$44,400	$1,451,515
ILJA BEDNER	LICENSING EXECUTIVE	40.00	Highest	$334,000	$44,400	$378,400
STEVE MCDEVITT	SVP, HEAD OF GLOBAL BUSINE	40.00	Highest	$469,800	$27,600	$497,400
JOHN BRONSNAN	LICENSING EXECUTIVE	40.00	Highest	$365,000	$0	$365,000
TYLER ARONER	LICENSING EXECUTIVE	40.00	Highest	$228,000	$0	$228,000
LAUREN KRAUSS	LICENSING EXECUTIVE	40.00	Highest	$262,000	$7,920	$269,920

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	$7,527,054	$6,715,612	$5,973,071	$811,442
2022	$6,476,636	$6,069,942	$3,722,374	$406,694
2021	$5,062,730	$4,076,070	$4,405,027	$986,660
2020	$3,740,667	$3,463,469	$2,753,990	$277,198
2019	$3,012,168	$3,276,170	$1,957,892	$-264,002
2018	$1,715,579	$2,439,855	$2,004,194	$-724,276

LOT NETWORK INC