GLOBAL RESILIENT CITIES NETWORK

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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

Principal Officer

LAUREN SORKIN

Phone

9173499699

Tax Period

2023-01-01 to 2023-12-31

GLOBAL RESILIENT CITIES NETWORK, founded in 2020, is a community nonprofit in the Human Services sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $4.9M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE PRIMARY MISSION OF THE ORGANIZATION IS TO PARTNER WITH CITIES AROUND THE WORLD TO HELP THEM BECOME MORE RESILIENT TO THE PHYSICAL, SOCIAL AND ECONOMIC CHALLENGES THAT ARE A GROWING PART OF THE 21ST CENTURY.

Program Service Accomplishments

Program 1

Expenses: $1,515,789

PROGRAM INNOVATION - THIS UNIT DESIGNS, DEVELOPS AND IMPLEMENTS ALL OF OUR THEMATIC PROGRAMS WHICH FALL UNDER 3 PILLARS OF WORK: ECONOMIC RECOVERY & EQUITY; CLIMATE RESILIENCE; AND CIRCULARITY. THIS UNIT IS ALSO RESPONSIBLE FOR DEVELOPING NEW TOOLS AND SERVICES TO ADVANCE OUR MISSION TO SUPPORT OUR MEMBER CITIES IN BECOMING MORE RESILIENT TO THE SHOCKS AND STRESSES OF THE 21ST CENTURY.

Program 2

Expenses: $2,466,626

STRATEGIC PARTNERSHIPS FOR SUSTAINABILITY - THIS UNIT IS PRIMARILY RESPONSIBLE FOR PARTNERSHIP DEVELOPMENT AND FUNDRAISING.

Program 3

Expenses: $60,147

NETWORK ENGAGEMENT & KNOWLEDGE - THIS TEAM IS RESPONSIBLE FOR DIRECTING THE ORGANIZATION'S ENGAGEMENT WITH OUR NETWORK OF PARTNERS AND MEMBER CITIES. IT ALSO IS RESPONSIBLE FOR KNOWLEDGE MANAGEMENT AND LEADS THE WORK TO DEVELOP LEARNING OPPORTUNITIES (WEBINARS, CONVENINGS, ETC.) FOR AND DISSEMINATION OF BEST PRACTICES TO OUR MEMBER CITIES.

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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 $3,862,337

Program Service Revenue $92,515

Investment Income $61,947

Other Revenue $0

TOTAL REVENUE $4,016,799

Expense Breakdown

Grants Paid $291,204

Salaries & Benefits $1,575,417

Fundraising Expenses $0

Program Expenses $4,172,546

Other Expenses $3,070,674

TOTAL EXPENSES $4,937,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,016,799	$2,560,153	+0.6%
Expenses	$4,937,295	$4,544,195	+0.1%
Net Income	$-920,496	$-1,984,042	-0.5%

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

Employees

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

$917,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYLVESTER TURNER	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL STANDER	VICE CHAIR & TREASURER	0.60	Officer Director	$0	$0	$0
NAINA BATRA	SECRETARY	0.60	Officer Director	$0	$0	$0
AHMED ABOUTALEB	DIRECTOR	0.20	Director	$0	$0	$0
KYUNGSUN CHUNG	DIRECTOR	0.20	Director	$0	$0	$0
MARTHA HERRERA	DIRECTOR	0.20	Director	$0	$0	$0
NEILS HOLM-NIELSEN	DIRECTOR	0.20	Director	$0	$0	$0
EDUARDO PAES	DIRECTOR	0.20	Director	$0	$0	$0
LIANNE DALZIEL	DIRECTOR	0.20	Director	$0	$0	$0
LAUREN SORKIN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
DANA OMRAN	CO-FOUNDER	40.00	Officer	$165,847	$26,711	$192,558
LAURIAN FARRELL	DIR. OF KNOWLEDGE TRANSFOR	40.00	Officer	$155,712	$0	$155,712
STEWART GLEN SARKOZY-BANOCZY	GLOBAL DIRECTOR, POLICY &	40.00	Officer	$138,762	$20,744	$159,506
KEY HILL	DIRECTOR, STRATEGIC PARTNERSHIPS	40.00	Officer	$137,500	$0	$137,500
RONALD HARRIS	GLOBAL	40.00	Officer	$154,167	$17,467	$171,634
JORDANA VASQUEZ	SR. MANAGER, PROGRAMS CLIMATE & EQUITY	40.00	Officer	$100,100	$0	$100,100

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	$4,016,799	$4,937,295	$5,784,049	$-920,496
2023	$3,722,586	$4,882,899	$5,870,517	$-1,160,313
2022	$2,560,153	$4,544,195	$6,671,808	$-1,984,042
2021	$8,782,827	$2,975,788	$8,613,436	$5,807,039
2020	$3,792,570	$1,170,025	$2,695,364	$2,622,545