NETWORK SERVICES

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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

1990

Legal Domicile

Principal Officer

GREG LANDON

Phone

2534749334

Tax Period

2023-01-01 to 2023-12-31

NETWORK SERVICES, founded in 1990, is a small nonprofit in the Human Services sector that reported $526K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

NETWORK SERVICES HAS BEEN SERVING HOMELESS FAMILIES IN THE PUGET SOUND AREA SINCE 1990, WITH A FOCUS ON FAMILIES WITH CHILDREN. NETWORK SERVICES AIMS TO BREAK THE CYCLE OF HOMELESSNESS BY PROVIDING ASSISTANCE TO FAMILIES WITH CHILDREN TO LEAVE HOMELESSNESS.

Program Service Accomplishments

Program 1

Expenses: $520,715 Revenue: $234,550

NETWORK SERVICES OPERATES 33 UNITS OF HOUSING, BOTH LOW-INCOME AND TRANSITIONAL HOUSING UNITS, WHILE ALSO PROVIDING A PROGRAM THAT ADDRESSES THE ROOT CAUSES OF HOMELESSNESS TO BREAK THE CYCLE OF...

NETWORK SERVICES OPERATES 33 UNITS OF HOUSING, BOTH LOW-INCOME AND TRANSITIONAL HOUSING UNITS, WHILE ALSO PROVIDING A PROGRAM THAT ADDRESSES THE ROOT CAUSES OF HOMELESSNESS TO BREAK THE CYCLE OF HOMELESSNESS IN THE FAMILIES IT SERVES.

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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 $238,844

Program Service Revenue $192,905

Investment Income $23,040

Other Revenue $71,157

TOTAL REVENUE $525,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,009

Fundraising Expenses $17,333

Program Expenses $520,715

Other Expenses $314,262

TOTAL EXPENSES $575,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,946	$819,857	-0.4%
Expenses	$575,271	$556,359	+0.0%
Net Income	$-49,325	$263,498	-1.2%

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

150

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

$211,026

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS KIMBALL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK LATHROP	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TINA KALINOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
MEGAN LATHROP	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB WEYRICK	CFO, FOUNDER	40.00	Officer	$36,000	$36,000	$72,000
GREGORY LANDON	EXECUTIVE DIRECTOR, PRESID	40.00	Officer	$126,282	$12,744	$139,026

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	$525,946	$575,271	$2,315,175	$-49,325
2022	$819,857	$556,359	$2,390,296	$263,498
2021	$633,353	$588,279	$2,236,689	$45,074
2020	$569,697	$537,925	$2,043,885	$31,772
2019	$506,045	$554,838	$1,943,725	$-48,793
2018	$475,293	$518,200	$1,537,399	$-42,907