NET DEVELOPMENT INCORPORATED

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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

2022

Legal Domicile

Principal Officer

MATT FRIES

Phone

4794099769

Tax Period

2024-01-01 to 2024-12-31

NET DEVELOPMENT INCORPORATED, founded in 2022, is a small nonprofit in the International Affairs sector that reported $223K in total revenue in fiscal year 2024. Expenses of $211K left a modest 5% surplus.

Mission

TO NETWORK, ENVISION, AND TRAIN INTERNATIONAL ORGANIZATIONS THAT SEEK TO IMPROVE QUALITY OF LIFE IN DEVELOPING COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $198,738

NET DEVELOPMENT ENGAGES LEADERS OF INTERNATIONAL ORGANIZATIONS TO JOINTLY DISCERN AND PARTICIPATE IN THE PROJECTS THAT WILL MOVE THEIR RESPECTIVE COUNTRIES OFF THE UNS LEAST DEVELOPED COUNTRIES LIST. NET DEVELOPMENT ALSO ASSISTS THESE INTERNATIONAL ORGANIZATIONS BY USING ITS NETWORKS TO BRING IN NEEDED RESOURCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $222,773

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $222,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,653

Fundraising Expenses $0

Program Expenses $198,738

Other Expenses $29,650

TOTAL EXPENSES $211,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,773	N/A	N/A
Expenses	$211,303	N/A	N/A
Net Income	$11,470	N/A	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MARSH	TRUSTEE	1.00	Director	$0	$0	$0
BRETT BAKER	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HOGAN	TRUSTEE	1.00	Director	$0	$0	$0
LOUISE HOGAN	TRUSTEE	1.00	Director	$0	$0	$0
MATT FRIES	DIRECTOR	40.00	Officer Director Key Emp Highest	$0	$0	$0
JAMES DUNN	TREASURER	1.00	Officer	$0	$0	$0
HEATHER MARSH	SECRETARY	1.00	Officer	$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	$222,773	$211,303	$27,214	$11,470
2023	$217,816	$204,803	$18,403	$13,013
2022	$53,587	$55,083	$6,032	$-1,496