Vidanet Inc (EIN 900439113) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

Wendell Nofziger

Phone

8004139818

Tax Period

2023-10-01 to 2024-09-30

Vidanet Inc, founded in 2009, is a small nonprofit in the Religion sector that reported $475K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

VidaNet, Inc. exists to expand the kingdom of God and fulfill the great commission by discipling the global church through missions and facilitating missions for the global church to make disciples. Dedicated volunteer staff carry out the activity in a base in the mountains of San Rafael Heredia by providing an in-country base and transportation.

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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 $197,515

Program Service Revenue $275,266

Investment Income $2,139

Other Revenue $0

TOTAL REVENUE $474,920

Expense Breakdown

Grants Paid $278,599

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $465,048

Other Expenses $200,722

TOTAL EXPENSES $479,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$474,920	$396,438	+0.2%
Expenses	$479,321	$417,973	+0.1%
Net Income	$-4,401	$-21,535	-0.8%

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

N/A

Volunteers

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
Wendell Nofziger	President	40.00	Officer Director	$0	$0	$0
Steve Shank	Board Chairman	1.00	Officer Director	$0	$0	$0
Jonathan Showalter	Board Vice Chairman	1.00	Officer Director	$0	$0	$0
Mark Troyer	Treasurer	1.00	Officer Director	$0	$0	$0
Anthony Weber	Secretary	1.00	Officer 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	$474,920	$479,321	$208,820	$-4,401
2023	$396,438	$417,973	$228,558	$-21,535
2022	$480,233	$372,541	$713,204	$107,692
2021	$325,111	$236,385	$653,272	$88,726
2020	$342,378	$344,488	$590,079	$-2,110
2019	$387,883	$360,590	$619,242	$27,293
2018	$423,316	$400,013	$616,830	$23,303

Vidanet Inc