SOLA 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

2018

Legal Domicile

Principal Officer

STEVE CHANG

Phone

9094554495

Tax Period

2024-01-01 to 2024-12-31

SOLA NETWORK INC, founded in 2018, is a small nonprofit in the Religion sector that reported $126K in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $141K exceeded revenue, resulting in a 12% operating deficit.

Mission

To influence emerging generations with the Gospel of Jesus Christ through conferences that teach and train the younger generation.

Program Service Accomplishments

Program 1

Expenses: $137,186 Revenue: $35,348

Annual conference that teach the younger generation about the gospel of Jesus Christ. There were 334 attendees registered in 2024.

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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 $67,300

Program Service Revenue $58,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,360

Fundraising Expenses $0

Program Expenses $137,186

Other Expenses $138,416

TOTAL EXPENSES $140,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,608	$67,750	+0.9%
Expenses	$140,776	$48,420	+1.9%
Net Income	$-15,168	$19,330	-1.8%

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

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

$2,371

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BAIK	CFO	20.00	Officer	$2,371	$0	$2,371
STEVE CHANG	CEODIRECTOR	40.00	Officer Director	$0	$0	$0
MICHAEL LEE	SECRETARYDIRECTOR	20.00	Officer Director	$0	$0	$0
HAROLD KIM	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN KIM	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CHANG CHOI	DIRECTOR	1.00	Director	$0	$0	$0
HANLEY LIU	DIRECTOR	1.00	Director	$0	$0	$0
KIM KIRA	DIRECTOR	1.00	Director	$0	$0	$0
OWEN LEE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID L KIM	DIRECTOR	1.00	Director	$0	$0	$0
MIN CHUNG	DIRECTOR	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	$125,608	$140,776	$16,354	$-15,168
2023	$67,750	$48,420	$31,523	$19,330
2022	$105,196	$116,816	$15,652	$-11,620