THE EXCHANGE NETWORK F/K/A AUG THE… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

MARK MORAN

Phone

8882416881

Tax Period

2022-01-01 to 2022-12-31

THE EXCHANGE NETWORK F/K/A AUG THE EXCHANGE, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $240K in total revenue in fiscal year 2022. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $232K left a modest 3% surplus.

Mission

TO CREATE A MEMBER NETWORK WHICH OFFERS A FORUM FOR INTERACTIONS ON INDUSTRY-RELATED TOPICS, PROVIDES OPPORTUNITIES TO COLLABORATE ON TIPS, TRICKS AND INDUSTRY BEST PRACTICES, AND CHANNELS FEEDBACK TO INDUSTRY SERVICE PROVIDERS.

Program Service Accomplishments

Program 1

PROVIDING A FORUM FOR THE EXCHANGE OF INFORMATION, EXPERIENCE AND IDEAS AMONG MEMBERS ON ALL FACETS OF INVESTMENT AND WEALTH MANAGEMENT, INCLUDING COMPLIANCE, MANAGEMENT, OPERATIONS, TECHNOLOGY...

PROVIDING A FORUM FOR THE EXCHANGE OF INFORMATION, EXPERIENCE AND IDEAS AMONG MEMBERS ON ALL FACETS OF INVESTMENT AND WEALTH MANAGEMENT, INCLUDING COMPLIANCE, MANAGEMENT, OPERATIONS, TECHNOLOGY, PRODUCT DEVELOPMENT AND OVERALL EXPERTISE.

Program 2

SERVING AS A LIASON FOR SHARING ISSUES AND CONCERNS WITH INDUSTRY LEADERS AND VENDORS

Program 3

TRAINING AND EDUCATING MEMBERS ON TOPICS PERTINENT TO THE INVESTMENT AND WEALTH MANAGEMENT FIELD

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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 $58,239

Program Service Revenue $178,649

Investment Income $2,681

Other Revenue $0

TOTAL REVENUE $239,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,551

Fundraising Expenses $0

Other Expenses $87,509

TOTAL EXPENSES $232,060

Year-over-Year Comparison

	2022	2021	Change
Revenue	$239,569	$130,430	+0.8%
Expenses	$232,060	$219,151	+0.1%
Net Income	$7,509	$-88,721	-1.1%

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

$103,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY PALMER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN STILES	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON GUTHRIE	BOARD MEMBER	2.00	Director	$0	$0	$0
RAMA BALASUBRAMANIAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
JENNIFER KELLEY	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JIM SENG	TREASURER	4.00	Officer Director	$0	$0	$0
DONNA PALUMBO	SECRETARY	4.00	Officer Director	$0	$0	$0
ANN MASSEY	SENIOR ADVISOR	2.00	Officer Director	$0	$0	$0
JENNIFER LITCHFIELD	EXECUTIVE DIRECTOR THRU DEC 2022	40.00	Officer	$97,375	$0	$97,375
MARK MORAN	EXECUTIVE DIRECTOR START DEC 2022	20.00	Officer	$6,250	$0	$6,250

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	$239,569	$232,060	$109,591	$7,509
2020	$269,781	$367,439	$195,183	$-97,658
2018	$328,715	$392,872	$275,555	$-64,157

THE EXCHANGE NETWORK F/K/A AUG THE EXCHANGE