NETWORKS INC (EIN 561844934) - 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

1993

Legal Domicile

Principal Officer

MICHAEL HOLLIS

Phone

9192338801

Tax Period

2023-01-01 to 2023-12-31

NETWORKS INC, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $198K in total revenue in fiscal year 2023. Expenses of $190K left a modest 4% surplus.

Mission

PROVIDE INSTRUCTION IN BASKETBALL FOR CHILDREN AS A FOUNDATION FOR CHARACTER DEVELOPMENT. SCHOLARSHIPS ARE PROVIDED FOR INDIVIDUALS UNABLE TO PAY.

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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 $35,400

Program Service Revenue $162,432

Investment Income $0

Other Revenue $0

TOTAL REVENUE $197,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,178

Fundraising Expenses $0

Program Expenses $140,684

Other Expenses $19,323

TOTAL EXPENSES $189,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,832	$190,156	+0.0%
Expenses	$189,501	$189,394	+0.0%
Net Income	$8,331	$762	+9.9%

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

$73,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MONROE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK KING	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAVELIK RANDOLPH	BOARD MEMBER	1.00	Director	$0	$0	$0
STANLEY WERB	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ROBERT MONROE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL HOLLIS	PRESIDENT	40.00	Officer	$73,150	$0	$73,150

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	$197,832	$189,501	$17,638	$8,331
2022	$190,156	$189,394	$9,165	$762
2021	$185,631	$189,758	$8,493	$-4,127
2020	$231,607	$228,587	$12,479	$3,020
2019	$286,581	$314,883	$10,718	$-28,302
2018	$253,547	$278,626	$39,758	$-25,079

NETWORKS INC