SOFT NETWORK INC

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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

2023

Legal Domicile

Principal Officer

CHELSEA SPENGEMANN

Phone

9178033620

Tax Period

2025-01-01 to 2025-12-31

SOFT NETWORK INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 32% operating margin.

Mission

SUPPORTING LEGACY STEWARDSHIP FOR UNDER-RESOURCED ARTISTS AND ARTISTS ESTATES.

Program Service Accomplishments

Program 1

Expenses: $108,920 Revenue: $93,583

THE ORGANIZATION EMPOWERS CONTEMPORARY ARTISTS AND THOSE WORKING WITH ARTIST ESTATES AND ARCHIVES TO IMAGIVE AND IMPLEMENT NEW AND SUSTAINABLE LEGACY MODELS. THE ORGANIZATIONS CORE OFFERING IS A...

THE ORGANIZATION EMPOWERS CONTEMPORARY ARTISTS AND THOSE WORKING WITH ARTIST ESTATES AND ARCHIVES TO IMAGIVE AND IMPLEMENT NEW AND SUSTAINABLE LEGACY MODELS. THE ORGANIZATIONS CORE OFFERING IS A FULLY-FUNDED PROGRAM OF SUPPORT FOR UNDER-RESOURCED ARTIST ESTATES AND ARCHIVES. THROUGH RESEARCH, ARCHIVING, PUBLIC PROGRAMS, DIGITIZATION, EXHIBITIONS, AND PUBLICATIONS. SOFT NETWORK PRESERVES AND PROVIDES ACCESS TO THE WORK OF VITAL YET OFTEN VULNERABLE ARTISTS AND SUPPORTS THOSE WHO CARE FOR THEIR LEGACIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $146,076

Program Service Revenue $59,984

Investment Income $19,949

Other Revenue $-13,356

TOTAL REVENUE $212,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,032

Fundraising Expenses $1,129

Program Expenses $108,920

Other Expenses $92,102

TOTAL EXPENSES $145,134

Year-over-Year Comparison

	2025	2024	Change
Revenue	$212,653	$162,699	+0.3%
Expenses	$145,134	$180,455	-0.2%
Net Income	$67,519	$-17,756	-4.8%

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

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

$8,167

Total Directors

$750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA SPENGEMANN	EXECUTIVE DIRECTOR	40.00	Officer	$8,167	$0	$8,167
SARA VANDERBEEK	DIRECTOR	1.00	Director	$750	$0	$750
YONA BACKER	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN FRAME	DIRECTOR	1.00	Director	$0	$0	$0
MATHWON HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
FAWN KRIEGER	DIRECTOR	1.00	Director	$0	$0	$0
MAX WARSH	DIRECTOR	1.00	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
2025	$212,653	$145,134	$89,536	$67,519