If it starts using 50/50 test(add gas manually) then you have spark and at the right time
So there is no fuel delivery inside the engine
In 1994 fuel injectors are controlled by the engine computer, PCM
As is the fuel pump which you say you can hear run for 2 seconds with key on?
Look at the CEL(check engine light) on the dash
With key on CEL should come on, that means PCM has booted up
When you crank the engine CEL should go OFF as soon as engine is spinning, that means PCM is getting a good timing signal from TFI spark system
If CEL stays on then no timing pulse, so no injectors, check wiring on TFI module, usually under battery tray on a 3.0l
If CEL is going OFF then time to test the "gasoline" in the tank
Crank engine over a few times
Pull out any easy to get at spark plug
Tip should be WET with fuel, light the tip with match or lighter, should burn fast and easy, if not "it ain't fuel", lol
If tip is DRY and CEL goes off then most likely the PCM is bad
There is no sensor on a 1994 that can cause a no start, except spark system and you have spark
In 1995 and up only the crank sensor can cause a no start, and in some years MAF sensor being unplugged, but that's software thing