THE WIT NETWORK INC (EIN 832263021) - 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

2018

Legal Domicile

Principal Officer

CHRISTINE BONGARD

Phone

9727177107

Tax Period

2023-01-01 to 2023-12-31

THE WIT NETWORK INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $660K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $770K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE WIT NETWORK IS A GLOBAL COMMUNITY OF PROFESSIONAL WOMEN AND MEN WHO: ENCOURAGE ALL WOMEN AND GIRLS TO STUDY STEM AND PURSUE CAREERS IN THE TECHNOLOGY SECTOR; ENABLE MORE WOMEN TO ATTAIN LEADERSHIP POSITIONS AND CAREER ADVANCEMENT; SUPPORT MORE FEMALE ENTREPRENEURS TO GIRLS TO STUDY STEM AND PURSUE CAREERS IN THE TECHNOLOGY SECTOR; ENABLE MORE WOMEN TO ATTAIN LEADERSHIP POSITIONS AND CAREER ADVANCEMENT; SUPPORT MORE FEMALE ENTREPRENEURS TO START AND DEVELOP PROFITABLE BUSINESSES.

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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 $660,375

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $660,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,000

Fundraising Expenses $185,309

Program Expenses $102,598

Other Expenses $500,308

TOTAL EXPENSES $770,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$660,375	$587,416	+0.1%
Expenses	$770,308	$544,709	+0.4%
Net Income	$-109,933	$42,707	-3.6%

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

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

$200,000

Total Directors

$200,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE BONGARD	President	5.00	Officer Director	$200,000	$0	$200,000
GAIL MERCER-MACKAY	Executive Dir.	1.00	Director	$0	$0	$0
CORINNE SHARP	Executive Dir.	1.00	Director	$0	$0	$0
JULIE SIMPSON	Executive Dir.	1.00	Director	$0	$0	$0
JENNIFER DIDIER	Executive Dir.	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	$660,375	$770,308	$216,236	$-109,933
2022	$587,416	$544,709	$321,735	$42,707
2021	$558,868	$464,951	$279,028	$93,917
2020	$524,908	$426,459	$185,111	$98,449
2019	$227,651	$205,427	$86,662	$22,224

THE WIT NETWORK INC