ATLANTA, GA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VERGE NETWORK INC, founded in 2019, is a small nonprofit in the Religion sector that reported $120K in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $173K exceeded revenue, resulting in a 44% operating deficit.
VERGE NETWORK EXISTS TO EQUIP LEADERS FOR MISSION. VERGE NETWORK IS FOR CHURCH LEADERS, STUDENTS, ENTREPRENEURS, ARTISTS, URBAN INNOVATORS, BUSINESS LEADERS, COMMUNITY DEVELOPMENT SPECIALISTS, NON-PROFIT LEADERS, CHURCH PLANTERS AND EVERYDAY LEADERS ANYONE PURSUING THE MISSION OF GOD, IN COMMUNITY, WHATEVER THE CONTEXT, FOR THE SAKE OF THE GOSPEL.VERGE LEADERS AND CHURCHES ARE ENGAGED IN THE MISSION OF GOD, CENTERED AROUND THE GOSPEL, IN COMMUNITY, AND UNDERSTAND THE VALUE OF STAYING CURRENT ON ISSUES SURROUNDING THE MISSION OF GOD. VERGE NETWORK HAS A PASSIONATE AND ENGAGED AUDIENCE OF LEADERS WHO WANT TO SEE THE GOSPEL CHANGE THEM, CHANGE THEIR COMMUNITIES, CHANGE THE NEIGHBORS AND CHANGE THE WORLD.WITH OVER 250,000 MEMBERS, STUDENTS AND SUBSCRIBERS YOU ARE JOINING AN INCREDIBLE TRIBE OF MISSIONAL LEADERS WHO ALSO WANT TO SEE GOD CHANGE THEIR WORLDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $119,944 | $159,768 | -0.2% |
| Expenses | $172,548 | $178,671 | 0.0% |
| Net Income | $-52,604 | $-18,903 | +1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL STEWART | BOARD CHAIRMAN | 40.00 |
Officer
Director
|
$0 | $0 | $0 |
| DHATI LEWIS | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG PHILLIPS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $119,944 | $172,548 | $42,251 | $-52,604 |
| 2022 | $159,768 | $178,671 | $94,594 | $-18,903 |
| 2021 | $228,460 | $203,665 | $113,497 | $24,795 |
| 2020 | $352,005 | $267,304 | $84,701 | $84,701 |
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