INSTITUTE FOR NETWORKED COMMUNITIES

EIN: 845055085 501(c)(3)

BAINBRIDGE ISLAND, WA

Total Revenue
$26,106
Total Expenses
$129,276
Total Assets
N/A
Net Assets
N/A
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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
2020
Legal Domicile
WA
Principal Officer
FRANCES GENZ
Phone
4435701097
Tax Period
2022-07-01 to 2023-06-30

INSTITUTE FOR NETWORKED COMMUNITIES, founded in 2020, is a micro nonprofit that reported $26K in total revenue in fiscal year 2022. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $129K exceeded revenue, resulting in a 395% operating deficit.

Mission

OPERATION AND FACILITATION OF A NATIONAL COMMUNITY OF PRACTICE OF NEXT GEN SECTOR PARTNERSHIPS. NEXT GEN SECTOR PARTNERSHIPS ARE PARTNERSHIPS OF BUSINESS AND INDUSTRY LEADERS IN SPECIFIC LABOR MARKET REGIONS WHO COLLABORATE WITH THE EDUCATION, WORKFORCE TRAINING AND GOVERNMENT PARTNERS IN THEIR REGION WHO HAVE A SHARED STAKE IN ENSURING THE TARGET INDUSTRY (E.G. MANUFACTURING, HEALTHCARE, TECHNOLOGY, OTHER) STABILIZES AND THRIVES, AND THAT COMMUNITY MEMBERS GET THE RIGHT EDUCATION AND TRAINING TO GET GOOD JOBS IN THAT INDUSTRY. HUNDREDS ARE IN OPERATIONACROSS THE COUNTRY, IN 20 STATES. INC DOES THE FOLLOWING TO OPERATE AND FACILITATE A COMMUNITY OF PRACTICE (COP): MAINTAIN A WEBSITE OF INFORMATION FOR PRACTITIONERS AND PARTNERS TO PARTICIPATE IN CONTINUOUS LEARNING. SEE WWW.NEXTGENSECTORPARTNERSHIPS.COM. UPDATE AND MAINTAIN A COMPREHENSIVE TOOLKIT OF BEST PRACTICES, TOOLS, TIPS AND EXAMPLES OF PARTNERSHIPS IN THE FIELD, UPDATED ON THE WEBSITE.

Program Service Accomplishments

Program 1
Expenses: $88,783 Revenue: $26,106

WE DESIGN, FACILITATION AND LEARNING FROM A RURAL NETWORK OF NEXT GEN SECTOR PARTNERSHIPS, RESULTING IN A RURAL COMMUNITY OF PRACTICE AND A RURAL FIELD GUIDE. WE WILL CREATE CONTINUOUS MANAGEMENT AND...

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WE DESIGN, FACILITATION AND LEARNING FROM A RURAL NETWORK OF NEXT GEN SECTOR PARTNERSHIPS, RESULTING IN A RURAL COMMUNITY OF PRACTICE AND A RURAL FIELD GUIDE. WE WILL CREATE CONTINUOUS MANAGEMENT AND PEER CONNECTIONS ACROSS A 20-STATE COMMUNITY OF PRACTICE DURING COVID AND ITS AFTERMATH.WE ALSO WILL CREATE A NATIONAL BENCHMARKING STUDY OF SUCCESS CRITERIA AND OUTCOMES OF NEXT GEN SECTOR PARTNERSHIPS, INCLUDING 9 CASE STUDIES AND A METRICS FRAMEWORK: HTTPS://WWW.NEXTGENSECTORPARTNERSHIPS.COM/PARTNERSHIP-EXAMPLES

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $26,106
Investment Income $0
Other Revenue $0
TOTAL REVENUE $26,106

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,237
Fundraising Expenses $0
Program Expenses $88,783
Other Expenses $5,039
TOTAL EXPENSES $129,276

Year-over-Year Comparison

2022 2021 Change
Revenue $26,106 $62,586 -0.6%
Expenses $129,276 $116,504 +0.1%
Net Income $-103,170 $-53,918 +0.9%
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
4
Independent Members
4
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
2
$22,383
Total Directors
4
$22,383
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDSEY WOOLSEY VICE PRESIDENT/SECRETARY 10.00
Officer Director
$3,100 $0 $3,100
FRANCIE GENZ PRESIDENT/TREASURER 10.00
Officer Director
$19,283 $0 $19,283
JOHN MELVILLE DIRECTOR 2.00
Director
$0 $0 $0
KRISTEN PAYNE DIRECTOR 2.00
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
2023 $26,106 $129,276 No data $-103,170
2022 $62,586 $116,504 $103,170 $-53,918
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