THE SQUARED NETWORK

EIN: 921469219 501(c)(3) Education

BOSTON, MA

Total Revenue
$578,026
Total Expenses
$431,840
Total Assets
$469,649
Net Assets
$455,163
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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
CO
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.

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
4
$44,388
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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