THOR NETWORK FOUNDATION

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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

DAN MARTIN

Phone

3143244171

Tax Period

2023-01-01 to 2023-12-31

THOR NETWORK FOUNDATION, founded in 2018, is a small nonprofit in the Health Care sector that reported $366K in total revenue in fiscal year 2023. Revenue surged 246% from the prior year, signaling strong growth momentum.

Mission

TO IMPROVE OUTCOMES FROM TRAUMATIC HEMORRHAGIC SHOCK BY OPTIMIZING THE ACUTE PHASE OF RESUSCITATION.

Program Service Accomplishments

Program 1

Expenses: $257,946 Revenue: $146,398

THE GOAL OF THE RDCR SYMPOSIUM IS TO FOCUS ON TRAINING METHODS TO IMPROVE IMPLEMENTATION OF RDCR PRINCIPLES, TO PRESENT CURRENT RESEARCH IN RDCR, AND TO PROVIDE PRACTICAL INFORMATION FROM...

THE GOAL OF THE RDCR SYMPOSIUM IS TO FOCUS ON TRAINING METHODS TO IMPROVE IMPLEMENTATION OF RDCR PRINCIPLES, TO PRESENT CURRENT RESEARCH IN RDCR, AND TO PROVIDE PRACTICAL INFORMATION FROM INTERNATIONAL LEADERS IN TRAUMA RESUSCITATION ON THEIR APPROACH TO RDCR.

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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 $220,003

Program Service Revenue $145,253

Investment Income $0

Other Revenue $1,145

TOTAL REVENUE $366,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,946

Other Expenses $363,115

TOTAL EXPENSES $363,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$366,401	$105,796	+2.5%
Expenses	$363,115	$231,642	+0.6%
Net Income	$3,286	$-125,846	-1.0%

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

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

$78,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN MARTIN	SECRETARY	10.00	Director	$18,000	$0	$18,000
PHILP SPINELLA	PRESIDENT	5.00	Director	$60,000	$0	$60,000
MIRIAM MARKOWITZ	DIRECTOR	0.20	Director	$0	$0	$0
KEVIN WARD	DIRECTOR	0.20	Director	$0	$0	$0
GEIR STRANDENES	DIRECTOR	0.20	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	$366,401	$363,115	$210,717	$3,286
2022	$105,796	$231,642	$207,431	$-125,846
2021	$93,700	$34,916	$333,277	$58,784
2020	$232,850	$90,700	$274,493	$142,150
2019	$383,107	$315,234	$132,343	$67,873