BRIDGEPORT REGIONAL BUSINESS COUNCIL (EIN 060271980) - 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

1915

Legal Domicile

Principal Officer

DAN ONOFRIO

Phone

2033353800

Tax Period

2024-01-01 to 2024-12-31

BRIDGEPORT REGIONAL BUSINESS COUNCIL, founded in 1915, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO INCREASE OPPORTUNITIES FOR THE PEOPLE OF THE BRIDGEPORT REGION BY ACTING TO CREATE AN ENVIRONMENT FOR BUSINESS EXPANSION, RETENTION AND RECRUITMENT THAT WILL RESULT IN JOBS AND TAX BASE GROWTH.

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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 $495,341

Program Service Revenue $246,801

Investment Income $3

Other Revenue $287,250

TOTAL REVENUE $1,029,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,788

Fundraising Expenses $0

Program Expenses $975,733

Other Expenses $799,922

TOTAL EXPENSES $1,126,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,029,395	$843,860	+0.2%
Expenses	$1,126,710	$924,322	+0.2%
Net Income	$-97,315	$-80,462	+0.2%

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

N/A

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

$160,000

Total Directors

$160,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN ONOFRIO	PRESIDENT & CEO	40.00	Officer Director	$160,000	$0	$160,000
TIMOTHY HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC HENDLIN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ARMANDO GONCALVES	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE HAMPFORD DONAHUE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
LORRAINE GIBBONS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES FIRLOTTE	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE J GANIM	PAST CHAIR	1.00	Officer Director	$0	$0	$0
FRED PETROSSI	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS S SANTA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN F STAFSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY BETH NELSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP KUCHMA	BOARD MEMBER	1.00	Director	$0	$0	$0
DON MORRISSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL ENGRAM	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE PRYCE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FEMI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL SCIAMANNA	BOARD MEMBER	1.00	Director	$0	$0	$0
AL CARBONE	CO-CHAIR GOV'T RELATIONS C	1.00	Officer Director	$0	$0	$0
RICHARD LASKY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRI DENTE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM JENNINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA ENG	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB DAVID	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER VACCO	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BALDWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM QUINN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEITH LAWLOR	BOARD MEMBER	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
2024	$1,029,395	$1,126,710	$640,019	$-97,315
2023	$843,860	$924,322	$345,700	$-80,462
2021	$761,455	$588,273	$388,891	$173,182
2020	$651,527	$645,636	$212,628	$5,891
2019	$923,681	$1,023,453	$152,119	$-99,772
2018	$1,087,988	$1,256,735	$172,915	$-168,747

BRIDGEPORT REGIONAL BUSINESS COUNCIL