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Thor Network Foundation EIN 83-2615647

Thor Network Foundation FY2020 filing

EIN  83-2615647 Public charity (501(c)(3)) Sewickley, PA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Improves best practices for treating hemorrhagic shock resuscitation.
Leadership
Geir Strandnes · Director · $25K
Money in and out
$233K revenue, $91K expenses
Bottom line
94% program efficiency

Improves best practices for treating hemorrhagic shock resuscitation. For fiscal year 2020 it reported $233K in revenue, $91K in expenses, and $274K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$274K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $142K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
36.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+61%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$233K
FY2020
Expenses
$91K
FY2020
Total assets
$274K
FY2020
Total liabilities
$0
FY2020
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$274K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$142K
Total assetsPt X · Ln 16$274K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $85K of program spending, described in the organization's own filed words · FY2020.
01

The goal of the RDCR symposium is to focus on training methods to improve implementation of RDCR principles, to present current research in RDCR, and to provide practical information from international leaders in trauma resuscitation on their approach to RDCR.

$85Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThor Network Foundation
EINHdr · item D83-2615647
Principal addressHdr · item CSewickley, PA
WebsiteHdr · item Jrdcr.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E99)
Ruling yearIRS BMFAug 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$25,000Pt VII · Sec A
Dan Martin
Secretary
$18,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Ward
Director
$0Pt VII · Sec A

Philp Spinella’s $50K as President is at the 35th percentile of top reported officer pay among 1966 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Philp Spinella$50,000$60,000$20,000—
Geir Strandnes———$25,000
Dan Martin$18,000$18,000$18,000$18,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$176K · 76%
Program service revenue$56K · 24%
Contributions & grants76%$176K
Program service revenue24%$56K
Total revenueLn 12$233K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$85K
Management & general6%$5K
Total functional expensesLn 25$91K

Balance Sheet

Part X · end of year
CashLn 1$274K
Total assetsLn 16$274K
Total liabilitiesLn 26$0
Total net assetsLn 32$274K
Months of cash on handcomputed36.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $274K · Operating expenses/yr $91K
36.3 months
Where the money goes
Program services
Program services $85K · Total expenses $91K
94%
Management & General
Management & general $5K · Total expenses $91K
6%
Fundraising
Fundraising $0 · Total expenses $91K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $176K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $176K · Total revenue $233K
76%
Government reliance
Government grants — · Total revenue $233K
—
Earned-income share
Program service revenue $56K · Total revenue $233K
24%
Investment reliance
Investment income $0 · Total revenue $233K
0%
Program self-sufficiency
Program service revenue $56K · Total expenses $91K
62%
Growth & trend
Revenue growth (YoY)
This year $233K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $274K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $233K · Expenses $91K
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $274K
—
Net-asset ratio
Net assets $274K · Total assets $274K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $274K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Geir Strandnes · Reported title DIRECTOR · Highest reported compensation $25K · Total expenses $91K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $43K · Total expenses $91K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 6%——
Fundraising cost ratio 0%——
Legal fee ratio 1%——
Accounting fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
University of PittsburghFY2024$86K
Total grants receivedfrom 1 funder$86K
Grants paid · 1 grant · $35K · 2020–2020
Washington UniversityMO · FY2020$34,803

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$731K revenue · ⤓ 990 PDF
FY2023$366K revenue · ⤓ 990 PDF
FY2022$106K revenue · ⤓ 990 PDF
FY2021$94K revenue · ⤓ 990 PDF
FY2020$233K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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