PARNASSAH NETWORK INC (EIN 812611564) - 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

2016

Legal Domicile

Principal Officer

DAVID HONIG

Phone

7329877704

Tax Period

2023-01-01 to 2023-12-31

PARNASSAH NETWORK INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $237K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $207K left a modest 12% surplus.

Mission

TO ESTABLISH AN INTERNATIONAL RESOURCE FOR BUSINESS AND CAREER ADVANCEMENT AND DEVELOPMENT. TO OFFER TOOLS THROUGH WHICH THOSE OF EVERY AGE, INDUSTRY OR PROFESSION CAN ATTAIN THEIR ECONOMIC DREAMS.

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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 $12,384

Program Service Revenue $224,571

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,955

Expense Breakdown

Grants Paid $3,184

Salaries & Benefits $18,000

Fundraising Expenses $0

Program Expenses $180,420

Other Expenses $186,296

TOTAL EXPENSES $207,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,955	$675,207	-0.6%
Expenses	$207,480	$666,720	-0.7%
Net Income	$29,475	$8,487	+2.5%

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

N/A

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

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HONIG	CEO & TRUSTEE	40.00	Officer Director	$18,000	$0	$18,000
YAAKOV CHUSID	TRUSTEE	1.00	Director	$0	$0	$0
YAAKOV WEINTRAUB	TRUSTEE	1.00	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
2023	$236,955	$207,480	$896,939	$29,475
2022	$675,207	$666,720	$885,812	$8,487
2021	$248,985	$244,430	$913,947	$4,555

PARNASSAH NETWORK INC