AdvanceNet Labs

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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

Keith Richard Thode

Phone

4694580531

Tax Period

2022-01-01 to 2022-12-31

AdvanceNet Labs, founded in 2014, is a small nonprofit in the Human Services sector that reported $106K in total revenue in fiscal year 2022. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 74% operating margin.

Mission

We leverage enterprise technologies to educate and provide opportunity to those at risk, provide rescue to those in danger, and help our community unlock its potential to serve its more vulnerable citizens.

Program Service Accomplishments

Program 1

Expenses: $2,823 Revenue: $8

Education and Empowerment Provided training, financial literacy and workforce development skills to over 3,000 people in Louisiana, Texas, nationally and internationally. Improved our Empowerment...

Education and Empowerment Provided training, financial literacy and workforce development skills to over 3,000 people in Louisiana, Texas, nationally and internationally. Improved our Empowerment Marketplace with cirricula from the Federal Reserve Bank of Dallas, updated curricula from Accenture, including mobile training. We developed a pilot of mobile application to support federal WIOA program Adult Learners receive their high school credential and make other educational and economic gains.

Program 2

Expenses: $5,774 Revenue: $3,918

Family Violence and Human Trafficking Continued the operation of the SafeNight App and our Safe Response efforts providing funding for hotel rooms, transportation and other emergency services for...

Family Violence and Human Trafficking Continued the operation of the SafeNight App and our Safe Response efforts providing funding for hotel rooms, transportation and other emergency services for survivors of Domestic Violence. Expanded our efforts with the SafeResponse App.

Program 3

Revenue: $2,400

Blood Connect for matching needs for uncommon blood with available supply as well as surplus hospital equipment matching. Hosted solution on overall infrastructure at no cost.

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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 (2022)

Revenue Breakdown

Contributions & Grants $108,915

Program Service Revenue $-3,590

Investment Income $298

Other Revenue $0

TOTAL REVENUE $105,623

Expense Breakdown

Grants Paid $7,966

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,597

Other Expenses $19,624

TOTAL EXPENSES $27,590

Year-over-Year Comparison

	2022	2021	Change
Revenue	$105,623	$1,354,580	-0.9%
Expenses	$27,590	$1,212,327	-1.0%
Net Income	$78,033	$142,253	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Camille Mirshokrai	Board Chair	2.00	Director	$0	$0	$0
Atul Shrimankar	Treasurer	2.00	Director	$0	$0	$0
Keith Thode	CEO	40.00	Officer 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
2022	$105,623	$27,590	$788,084	$78,033
2021	$1,354,580	$1,212,327	$748,181	$142,253
2020	$767,435	$1,151,405	$663,295	$-383,970
2019	$731,278	$938,597	$375,972	$-207,319
2018	$1,059,764	$816,556	$427,705	$243,208
2017	$755,753	$808,718	$218,666	$-52,965