CORENET GLOBAL INC (EIN 522337734) - 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

2001

Legal Domicile

Principal Officer

LAWRENCE N BAZROD

Phone

4045893200

Tax Period

2024-04-01 to 2025-03-31

CORENET GLOBAL INC, founded in 2001, is a mid-sized nonprofit in the Community Improvement sector that reported $12.1M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $11.5M left a modest 5% surplus.

Mission

CORENET GLOBAL, INC. IS A 501(C)(6) TAX-EXEMPT MEMBERSHIP ORGANIZATION FOCUSED ON EDUCATION, RESEARCH, CERTIFICATION, (THE MASTERS OF CORPORATE REAL ESTATE) AND NETWORKING FOR CORPORATE REAL ESTATE PROFESSIONALS. CORPORATE REAL ESTATE PROFESSIONALS MANAGE THE REAL ESTATE HELD BY A CORPORATION TO SUPPORT ITS CORE BUSINESS INCLUDING ACQUISITION, DESIGN AND EFFICIENT USE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,175,325

Investment Income $910,513

Other Revenue $0

TOTAL REVENUE $12,085,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,586,187

Fundraising Expenses $0

Other Expenses $6,952,030

TOTAL EXPENSES $11,538,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,085,838	$13,438,045	-0.1%
Expenses	$11,538,217	$12,220,145	-0.1%
Net Income	$547,621	$1,217,900	-0.6%

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

1007

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

$790,627

Total Directors

Key Employees

$566,901

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CHANG	CHAIR	1.00	Officer Director	$0	$0	$0
GLORIA MAMWA	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
JAMIE LEARY-ERICKSON	TREASURER	1.00	Officer Director	$0	$0	$0
MARA CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
MARIA RUSSO-FAMA	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MICAL	DIRECTOR	1.00	Director	$0	$0	$0
LAMONTE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BURTON	DIRECTOR	1.00	Director	$0	$0	$0
SHERRI PARMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATIA RIZK	DIRECTOR	1.00	Director	$0	$0	$0
NEVARDO ARGUELLO	DIRECTOR	1.00	Director	$0	$0	$0
MARK WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA CAIN	CEO (UNTIL SEPT. 2024)	40.00	Officer	$351,022	$49,885	$400,907
SCOTT WILEY	CEO (FROM FEB. 2025)	40.00	Officer	$0	$0	$0
LAWRENCE N BAZROD	COO	40.00	Officer	$361,192	$28,528	$389,720
TIMOTHY VENABLE	VP OF KNOWLEDGE SERVICES	40.00	Key Emp	$180,531	$20,445	$200,976
HENRY ROSLES	VP OF STRATEGIC EVENTS	40.00	Key Emp	$159,524	$32,975	$192,499
VILAYLACK SAVINO	VP OF TECHNOLOGY TRANSFORMATION	40.00	Key Emp	$150,319	$23,107	$173,426
ALEXANDRE BOURBEAU	SR. DIR. OF SPONSORSHIP	40.00	Highest	$146,925	$8,643	$155,568
JANET PRICE	VP OF LEARNING	40.00	Highest	$132,421	$18,359	$150,780
COLLEEN LEX	VP OF PARTNER & ORGANIZATIONAL DEV.	40.00	Highest	$126,802	$21,298	$148,100
JAN PETER	VP OF OPERATIONS	40.00	Highest	$126,162	$28,090	$154,252
KATHY GODWIN	VP GLOBAL MEMBER EXPERIENCE	40.00	Highest	$122,768	$12,102	$134,870

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	$12,085,838	$11,538,217	$27,641,140	$547,621
2024	$13,438,045	$12,220,145	$31,695,846	$1,217,900
2023	$14,405,283	$12,144,043	$27,083,101	$2,261,240
2022	$10,074,155	$9,165,665	$22,405,208	$908,490
2021	$7,902,070	$7,595,558	$18,844,138	$306,512
2020	$14,575,224	$14,356,785	$23,144,607	$218,439
2019	$14,768,723	$13,688,227	$20,385,613	$1,080,496
2018	$14,774,526	$13,668,933	$15,358,057	$1,105,593

CORENET GLOBAL INC