242 NETWORK INC (EIN 471706045) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

GREG BELSER

Phone

6624294436

Tax Period

2025-01-01 to 2025-12-31

242 NETWORK INC, founded in 2014, is a small nonprofit in the Religion sector that reported $269K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $246K left a modest 9% surplus.

Mission

THE 242 NETWORK IS A CHURCH PLANTING NETWORK THAT IS LEVERAGING RESOURCES IN A DISENGAGED CULTURE TO MULTIPLY HEALTHY CHURCHES. IN ACCORDANCE WITH THIS MISSION, THE 242 NETWORK SEEKS TO BRING GLORY TO GOD THROUGH KINGDOM RELATIONSHIPS WITH INDIVIDUALS AND CHURCHES WHO SHARE IN OUR UNIQUE BIBLICAL CALLING TO SEE HEALTHY CHURCH PLANTERS'DEVELOP AND CULTIVATE HEALTHY CHURCHES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $268,505

Program Service Revenue $0

Investment Income $0

Other Revenue $344

TOTAL REVENUE $268,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,105

Fundraising Expenses $0

Program Expenses $245,545

Other Expenses $92,440

TOTAL EXPENSES $245,545

Year-over-Year Comparison

	2025	2024	Change
Revenue	$268,849	$290,256	-0.1%
Expenses	$245,545	$257,943	0.0%
Net Income	$23,304	$32,313	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BARNARD	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS CLARK	BOARD MEMBER	N/A	Director	$0	$0	$0
GREG BELSER	PRESIDENT	3.00	Officer	$0	$0	$0
GUY BURKE	SECRETARY	3.00	Officer	$0	$0	$0
JASON FORD	TREASURER	3.00	Officer	$0	$0	$0
JOHN MAXEY	EX OFFICIO	N/A	Officer	$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	$268,849	$245,545	$195,039	$23,304
2024	No data	No data	No data	No data
2023	$291,504	$247,068	$142,826	$44,436
2022	$225,231	$178,492	$95,118	$46,739

242 NETWORK INC