THE SQUARED 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

2022

Legal Domicile

Principal Officer

NICHOLAS FAVALORO

Phone

7817755712

Tax Period

2023-10-01 to 2024-09-30

THE SQUARED NETWORK, founded in 2022, is a small nonprofit in the Education sector that reported $578K in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 25% operating margin.

Mission

WE AIM TO EXPAND THE IMPACT OF THE SQUARED EXPERIENCE BY FORGING NEW PARTNERSHIPS BETWEEN INCREDIBLE STUDENTS, HOST CAMPUSES, AND FINANCIAL SUPPORTERS.

Program Service Accomplishments

Program 1

Expenses: $213,440 Revenue: $0

SITE - DIRECT SERVICE OF STEM EDUCATION AND COLLEGE COUNSELING FOR FIRST-GEN LOW-INCOME STUDENTS AT OUR KENT SCHOOL SITE.

Program 2

Expenses: $162,161 Revenue: $0

GENERAL PROGRAMS - THE SQUARED NETWORK AIMS TO EXPAND A STEM AND COLLEGE ACCESS PROGRAM FOR FIRST-GENERATION AND LOW-INCOME STUDENTS. OUR "GENERAL PROGRAM" IS THE PART OF OUR COMPANY THAT FOCUSES ON EXPANSION, IDENTIFYING PARTNER SCHOOLS, RAISING FUNDS TO LAUNCH NEW PROGRAMS, AND STRATEGIZING OPERATIONS ACROSS OUR NETWORK OF PROGRAMS.

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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 $578,026

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $578,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,260

Fundraising Expenses $10,009

Program Expenses $375,601

Other Expenses $254,580

TOTAL EXPENSES $431,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$578,026	$346,733	+0.7%
Expenses	$431,840	$37,756	+10.4%
Net Income	$146,186	$308,977	-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

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

$44,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS FAVALORO	CEO	50	Officer	$44,388	$0	$44,388
GARLAND LASATER	BOARD CHAIR	6	Officer Director	$0	$0	$0
HELEN OBERMEYER	VICE CHAIR	6	Officer Director	$0	$0	$0
JOHN OKHIULU	SECRETARY AND TREASURER	1	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	$578,026	$431,840	$469,649	$146,186
2023	$346,733	$37,756	$317,682	$308,977