Boys and Girls Clubs of Newport County Inc (EIN 050281572) - Form 990 Financial Analysis & Trantor Score

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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

1956

Legal Domicile

Phone

4018476927

Tax Period

2024-01-01 to 2024-12-31

Boys and Girls Clubs of Newport County Inc, founded in 1956, is a community nonprofit in the Youth Development sector that reported $6.4M in total revenue in fiscal year 2024. The organization ran a surplus of $2.8M, a strong 44% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED HELP MOST, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS. THE ORGANIZATION PROVIDES A POSITIVE, SAFE AND EXCITING ENVIRONMENT FOR CHILDREN TO LEARN, GROW AND DEVELOP WHILE OFFERING PROGRAMS FOR CHILDREN, TEENS, ADULTS AND FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,716,440

Program Service Revenue $747,375

Investment Income $386,976

Other Revenue $508,160

TOTAL REVENUE $6,358,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,383,744

Fundraising Expenses $434,934

Program Expenses $2,854,319

Other Expenses $1,191,847

TOTAL EXPENSES $3,575,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,358,951	$6,555,355	0.0%
Expenses	$3,575,591	$3,416,456	+0.0%
Net Income	$2,783,360	$3,138,899	-0.1%

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

195

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

$239,230

Total Directors

$239,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Pratt	Executive Dir.	40.00	Officer Director	$205,755	$33,475	$239,230
Kelley Coen	CAO	40.00		$136,404	$10,186	$146,590
Joseph Tomchak	Asst. Exec. Dir.	40.00		$120,509	$19,578	$140,087
Liz Beretta-Perik	Director	1.00	Director	$0	$0	$0
Lorrie Taylor Burns	Secretary	2.00	Officer Director	$0	$0	$0
Mary Louise Cavanaugh	Vice Chair	2.00	Officer Director	$0	$0	$0
Eli Dana	Director	1.00	Director	$0	$0	$0
Jim Duffy	Director	1.00	Director	$0	$0	$0
Mark Eagan	Director	1.00	Director	$0	$0	$0
Heather Flaherty	Director	1.00	Director	$0	$0	$0
Richard Galvin	Director	1.00	Director	$0	$0	$0
Sherri Grace	Director	1.00	Director	$0	$0	$0
Thomas Healy	Director	1.00	Director	$0	$0	$0
Jason Bazarsky	Director	1.00	Director	$0	$0	$0
Carla Lawrence	Director	1.00	Director	$0	$0	$0
Raymond Malone	Director	1.00	Director	$0	$0	$0
Charlotte Marshall	Director	1.00	Director	$0	$0	$0
Michael Melillo	Director	1.00	Director	$0	$0	$0
Paul Gaucher	Director	1.00	Director	$0	$0	$0
Ann Mencoff	Director	1.00	Director	$0	$0	$0
Susan Metzger	Director	1.00	Director	$0	$0	$0
Michael Newsome	Director	1.00	Director	$0	$0	$0
Jeffrey Grimes	Director	1.00	Director	$0	$0	$0
Jennifer Saia	Director	1.00	Director	$0	$0	$0
Jeremiah Shafir	Chairman	2.00	Officer Director	$0	$0	$0
Patrick Sheerin	Director	1.00	Director	$0	$0	$0
Jennifer Violette	Treasurer	2.00	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	$6,358,951	$3,575,591	$14,866,920	$2,783,360
2023	$6,555,355	$3,416,456	$12,008,766	$3,138,899
2022	$5,981,095	$3,194,738	$8,545,696	$2,786,357
2021	$4,354,142	$3,032,979	$6,179,335	$1,321,163
2020	$2,796,305	$2,599,624	$4,713,536	$196,681
2019	$2,815,424	$2,584,409	$4,242,110	$231,015
2019	$2,620,219	$2,464,947	$4,117,425	$155,272
2018	$2,182,872	$2,312,746	$3,936,921	$-129,874

Boys and Girls Clubs of Newport County Inc