MAINSAIL NETWORK INC

EIN: 843470344 501(c)(3) Social Science

NEW YORK, NY

Total Revenue
N/A
Total Expenses
$69,808
Total Assets
$3,053
Net Assets
$-597,874
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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
2019
Legal Domicile
NY
Principal Officer
PAUL ROMER
Phone
4154391144
Tax Period
2024-01-01 to 2024-12-31

Mission

MAINSAIL NETWORK, INC. RESEARCHES SOLUTIONS TO ECONOMIC PROBLEMS AND EDUCATES THE PUBLIC ABOUT THE RESULTS OF THOSE ACTIVITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,593
Fundraising Expenses $0
Other Expenses $10,215
TOTAL EXPENSES $69,808

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $69,808 $91,901 -0.2%
Net Income N/A $-91,901 N/A
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

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Governance

Voting Members
2
Independent Members
2
Employees
1
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL ROMER DIRECTOR/PRESIDENT/TREASUR 5.00
Director
$0 $0 $0
ROY ROMER 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 No data $69,808 $3,053 No data
2023 No data $91,901 $1,611 No data
2022 No data $235,308 $37,679 No data
2021 $204,862 $330,893 $57,987 $-126,031
2020 $206,600 $281,426 $121,018 $-74,826
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