SUCCESSFUL PRACTICES NETWORK INC

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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

2003

Legal Domicile

Principal Officer

DEB LIGHT

Phone

5187232063

Tax Period

2023-01-01 to 2023-12-31

SUCCESSFUL PRACTICES NETWORK INC, founded in 2003, is a community nonprofit in the Education sector that reported $7.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 19% operating margin.

Mission

SHARING INFORMATION, PRACTICE AND EXPERTISE TO MOVE ALL STUDENTS TO A MORE RIGOUROUS AND RELEVANT CURRICULUM.

Program Service Accomplishments

Program 1

Expenses: $1,862,809

CREATE THE NYS RESEARCH AND SUPPORT CENTER FOR CAREER AND TECHNICAL EDUCATION TO ASSIST THE NEW YORK STATE EDUCATION DEPARTMENT IN ACHIEVING THE REQUIREMENTS OF THE PERKINS IV ACT OF 2006.

Program 2

Expenses: $648 Revenue: $1,052,170

NATIONAL DROPOUT PREVENTION CENTER - WORKING TO IMPROVE OPPORTUNITIES FOR ALL YOUNG PEOPLE TO FULLY DEVELOP THE ACADEMIC, SOCIAL, WORK AND HEALTHY LIFE SKILLS NEEDED TO GRADUATE FROM HIGH SCHOOL AND LEAD PRODUCTIVE LIVES. BY PROMOTING AWARENESS OF SUCCESSFUL PROGRAMS AND POLICIES RELATED TO DROPOUT PREVENTION, THE WORK OF THE CENTER AND ITS MEMBERS HAS MADE AN IMPACT ON EDUCATION FROM THE LOCAL TO THE NATIONAL LEVEL.

Program 3

Expenses: $3,452,554 Revenue: $4,083,534

EDUCATION CONSULTING, CERTIFICATION AND SURVEY PROGRAMS.

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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 $2,127,832

Program Service Revenue $5,135,704

Investment Income $21,698

Other Revenue $1,808

TOTAL REVENUE $7,287,042

Expense Breakdown

Grants Paid $1,862,809

Salaries & Benefits $1,848,926

Fundraising Expenses $0

Program Expenses $5,316,011

Other Expenses $2,191,273

TOTAL EXPENSES $5,903,008

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,287,042	$6,243,985	+0.2%
Expenses	$5,903,008	$5,179,709	+0.1%
Net Income	$1,384,034	$1,064,276	+0.3%

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

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

$859,140

Total Directors

$860,212

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND MCNULTY	BOARD MEMBER	40.00	Director	$325,000	$30,684	$355,684
ROBERT PETERS	SENIOR VP	40.00	Officer	$215,000	$40,627	$255,627
TODD DAGGETT	COO	40.00	Officer	$223,802	$20,987	$244,789
WILLARD R DAGGETT	EXEC BOARD C	40.00	Officer Director	$180,877	$0	$180,877
DEB LIGHT	VP/SEC/TREAS	40.00	Officer Director	$148,140	$29,707	$177,847
MICHAEL WOODS	EMPLOYEE	40.00	Highest	$137,051	$0	$137,051
GERALD PEDINOTTI	EMPLOYEE	40.00	Highest	$121,461	$0	$121,461
MELINDA IANNOTTI	EMPLOYEE	40.00	Highest	$107,254	$0	$107,254
SUSAN SZACHOWICZ	BOARD MEMBER	40.00	Director	$84,616	$0	$84,616
SANDI ADDIS	VICE CHAIRMA	40.00	Director	$61,188	$0	$61,188
KEVIN CHAVOUS	BOARD MEMBER	5.00	Director	$0	$0	$0
STUART UDELL	BOARD MEMBER	5.00	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
2024	No data	No data	No data	No data
2023	$7,287,042	$5,903,008	$4,268,553	$1,384,034
2022	$6,243,985	$5,179,709	$3,035,755	$1,064,276
2021	$4,135,083	$3,143,744	$2,522,540	$991,339
2020	$3,367,978	$3,363,703	$1,607,269	$4,275
2019	$3,787,558	$4,636,846	$1,353,302	$-849,288
2018	$3,644,892	$4,195,721	$1,739,336	$-550,829