THE WILLNET GROUP INC (EIN 822689493) - 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

2021

Legal Domicile

Phone

3477684802

Tax Period

2023-01-01 to 2023-12-31

THE WILLNET GROUP INC, founded in 2021, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 136% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 11% surplus.

Mission

INPROVE THE EDUCATION OF CHILDREN AND STABALIZE FAMILY LIVES

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $1,971,351

TOTAL REVENUE $1,971,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,757,759

TOTAL EXPENSES $1,757,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,971,351	$836,851	+1.4%
Expenses	$1,757,759	$214,850	+7.2%
Net Income	$213,592	$622,001	-0.7%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NETTY M BROWN	PRESIDENT	8.00	Officer	$0	$0	$0
CASEY HARVEY	SECRETARY	1.00	Officer	$0	$0	$0
DAVID BROWN	TREASURER	1.00	Officer	$0	$0	$0
DR LENFORD LAWES	MEMBER	1.00	Director	$0	$0	$0
DR CASIA LUDFORD	MEMBER	1.00	Director	$0	$0	$0
DANE GORDON	MEMBER	1.00	Director	$0	$0	$0
LEORY GORDON	MEMBER	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
2024	No data	No data	No data	No data
2023	$1,971,351	$1,757,759	$3,440,424	$213,592
2022	$836,851	$214,850	$2,066,591	$622,001
2021	$915,329	$506,065	$970,275	$409,264

THE WILLNET GROUP INC