CONNECTED NATION INC (EIN 611394934) - 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

2001

Legal Domicile

Principal Officer

THOMAS W FERREE

Phone

2707814320

Tax Period

2024-01-01 to 2024-12-31

CONNECTED NATION INC, founded in 2001, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $10.5M exceeded revenue, resulting in a 32% operating deficit.

Mission

TO ACCELERATE ECONOMIC DEVELOPMENT THROUGH THE GROWTH AND APPLICATION OF TECHNOLOGY.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $6,608,824

Program Service Revenue $1,017,721

Investment Income $306,080

Other Revenue $0

TOTAL REVENUE $7,932,625

Expense Breakdown

Grants Paid $110,580

Salaries & Benefits $7,079,445

Fundraising Expenses $421,475

Program Expenses $9,602,896

Other Expenses $3,304,982

TOTAL EXPENSES $10,495,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,932,625	$13,356,006	-0.4%
Expenses	$10,495,007	$13,264,839	-0.2%
Net Income	$-2,562,382	$91,167	-29.1%

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

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

$616,982

Total Directors

$372,062

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS W FERREE	PRESIDENT AND DIRECTOR	40.00	Officer Director	$350,879	$21,183	$372,062
JOHN DAVIES	SECRETARY AND DIRECTOR	1.00	Officer Director	$0	$0	$0
GRANT E SEIFFERT	DIRECTOR	0.50	Director	$0	$0	$0
WENDY LAZARUS	DIRECTOR	0.50	Director	$0	$0	$0
JAY ELLIOT	DIRECTOR	0.50	Director	$0	$0	$0
MARK MCELROY	DIRECTOR	0.50	Director	$0	$0	$0
ZIPPY DUVALL	DIRECTOR	0.50	Director	$0	$0	$0
GEN PEGGY COMBS	DIRECTOR	0.50	Director	$0	$0	$0
BERNICE BOGLE	VICE PRESIDENT, TREASURER,	40.00	Officer	$219,664	$25,256	$244,920
CHRISTOPHER PEDERSEN	EVP, PLANNING AND DEVELO	40.00	Highest	$221,946	$25,033	$246,979
HEATHER GATE	EVP, DIGITAL INCLUSION	40.00	Highest	$207,656	$19,004	$226,660
JASON LEGG	EVP, GOVERNMENT AFFAIRS	40.00	Highest	$199,622	$24,161	$223,783
EMILY JORDAN	VICE PRESIDENT FOUNDATION & EDUCATION INITIATIVES	40.00	Highest	$162,479	$14,061	$176,540
COLIN REILLY	VICE PRESIDENT, DATA STRATEGY	40.00	Highest	$186,952	$7,604	$194,556

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	$7,932,625	$10,495,007	$5,589,713	$-2,562,382
2023	$13,356,006	$13,264,839	$8,797,222	$91,167
2022	$13,314,360	$10,302,434	$8,118,185	$3,011,926
2021	$16,572,653	$15,265,697	$5,021,239	$1,306,956
2020	$5,579,915	$4,180,613	$3,775,236	$1,399,302
2019	$4,497,652	$3,786,478	$2,629,715	$711,174
2018	$2,929,895	$3,615,489	$2,225,650	$-685,594

CONNECTED NATION INC