PARNASSAH 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

2016

Legal Domicile

Principal Officer

DAVID HONIG

Phone

7329877704

Tax Period

2024-01-01 to 2024-12-31

PARNASSAH NETWORK INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $190K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $39K, a strong 21% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $132,648 Revenue: $75,701

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 (2024)

Revenue Breakdown

Contributions & Grants $113,826

Program Service Revenue $75,701

Investment Income $0

Other Revenue $0

TOTAL REVENUE $189,527

Expense Breakdown

Grants Paid $525

Salaries & Benefits $18,000

Fundraising Expenses $0

Program Expenses $132,648

Other Expenses $131,621

TOTAL EXPENSES $150,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,527	$236,955	-0.2%
Expenses	$150,146	$207,480	-0.3%
Net Income	$39,381	$29,475	+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

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