PALOS VERDES ON THE NET

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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

1997

Legal Domicile

Principal Officer

TED M VEGVARI

Phone

3105417992

Tax Period

2023-01-01 to 2023-12-31

PALOS VERDES ON THE NET, founded in 1997, is a small nonprofit in the Education sector that reported $170K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $206K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE SPECIFIC PURPOSE OF THIS ORGANIZATION IS TO PROVIDE COMPUTER EDUCATION, TRAINING AND SERVICES TO THE COMMUNITY BY IMPLEMENTING EDUCATIONAL INSTRUCTION PROGRAMS FOR STUDENTS THROUGH MENTORED COMPUTER PROJECTS AND MENTORED COMPLEX TECHNOLOGY TASKS DESIGNED TO TEACH SKILLS NECESSARY FOR EMPLOYMENT AND HIGHER EDUCATION PROGRAMS, THROUGH ON THE JOB COMPUTER TECHNOLOGY PROJECTS AND WORKFORCE DEVELOPMENT PROJECTS. OTHER COMPUTER SERVICES ARE PROVIDED FREE OF CHARGE, AND INCLUDE COMPUTER EDUCATION AND TRAINING TO STUDENTS OF ALL AGES, ADULTS AND SENIORS, GOVERNMENT STAFF MEMBERS AND NON-PROFIT ORGANIZATIONS. ADDITIONALLY, WE INCORPORATE BY REFERENCE HERE THE ATTACHED STATEMENT FROM THE FORM 1023, MISSION STATEMENT, PAGE 2, ITEM 1, AS OUR MISSION REMAINS AS STATED ON THIS ORIGINAL DOCUMENT.

Program Service Accomplishments

Program 1

Expenses: $205,870 Revenue: $105,334

EDUCATIONAL INSTRUCTION WAS PROVIDED TO STUDENTS THROUGH MENTORED COMPUTER PROJECTS AND COMPLEX TECHNOLOGY TASKS DESIGNED TO TEACH SKILLS NECESSARY FOR EMPLOYMENT AND HIGHER EDUCATION PROGRAMS...

EDUCATIONAL INSTRUCTION WAS PROVIDED TO STUDENTS THROUGH MENTORED COMPUTER PROJECTS AND COMPLEX TECHNOLOGY TASKS DESIGNED TO TEACH SKILLS NECESSARY FOR EMPLOYMENT AND HIGHER EDUCATION PROGRAMS, THROUGH ON THE JOB COMPUTER TECHNOLOGY PROJECTS AND WORKFORCE DEVELOPMENT PROJECTS DURING TAX YEAR ENDING DECEMBER 31, 2023.TOTAL REVENUES GENERATED WERE $105,334.

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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 $64,320

Program Service Revenue $105,334

Investment Income $15

Other Revenue $0

TOTAL REVENUE $169,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,870

Other Expenses $205,870

TOTAL EXPENSES $205,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,669	$130,508	+0.3%
Expenses	$205,870	$205,561	+0.0%
Net Income	$-36,201	$-75,053	-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

N/A

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
TED M VEGVARI	PRESIDENT	40.00	Officer Director	$0	$0	$0
MINGKAI LI	Secretary	1.00	Officer Director	$0	$0	$0
ILONA PETERSON	Treasurer	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	No data	No data	No data	No data
2023	$169,669	$205,870	$87,589	$-36,201
2022	$130,508	$205,561	$103,543	$-75,053
2021	$136,862	$214,665	$68,177	$-77,803
2020	$167,722	$235,913	$69,531	$-68,191
2019	$356,598	$286,499	$79,745	$70,099
2018	$253,735	$184,761	$65,564	$68,974