METROPOLITAN BRIDGEPORT INC

EIN: 060646936 501(c)(3) Education

BRIDGEPORT, CT

Total Revenue
$7,027
Total Expenses
$529,558
Total Assets
$5,589,892
Net Assets
$-545,237
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
CT
Principal Officer
JOHANNES VAN DER GIESSEN
Phone
2035764690
Tax Period
2023-07-01 to 2024-06-30

METROPOLITAN BRIDGEPORT INC, founded in 1927, is a micro nonprofit in the Education sector that reported $7K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $530K exceeded revenue, resulting in a 7436% operating deficit.

Mission

METROPOLITAN BRIDGEPORT INC. CEASED PROVIDING EDUCATIONAL SERVICES. (SEE SCHEDULE O)PRIOR TO THE SALE OF ITS ASSETS, METROPOLITAN BRIDGEPORT INC (FKA UNIVERSITY OF BRIDGEPORT) (THE UNIVERSITY) OFFERED CAREER ORIENTED UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES AND PROGRAMS FOR PEOPLE SEEKING PERSONAL AND PROFESSIONAL GROWTH. THE UNIVERSITY PROMOTED ACADEMIC EXCELLENCE, PERSONAL RESPONSIBILITY, AND COMMITMENT TO SERVICE. DISTINCTIVE CURRICULA IN AN INTERNATIONAL, CULTURALLY DIVERSE, SUPPORTIVE LEARNING ENVIRONMENT PREPARED GRADUATES FOR LIFE AND LEADERSHIP IN AN INCREASINGLY INTERCONNECTED WORLD. THE UNIVERSITY IS INDEPENDENT AND NON-SECTARIAN.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,566
Other Revenue $2,461
TOTAL REVENUE $7,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,675
Fundraising Expenses $0
Program Expenses $47,419
Other Expenses $426,883
TOTAL EXPENSES $529,558

Year-over-Year Comparison

2023 2022 Change
Revenue $7,027 $311,904 -1.0%
Expenses $529,558 $1,321,845 -0.6%
Net Income $-522,531 $-1,009,941 -0.5%
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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
1
$109,989
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BERCHMAN TRUSTEE 1.00
Director
$0 $0 $0
DAVID D'ADDARIO TRUSTEE 1.00
Director
$0 $0 $0
BRUCE T SILVERSTONE TRUSTEE 1.00
Director
$0 $0 $0
KEVIN C LEAHY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL KOLAKOWSKI TRUSTEE 1.00
Director
$0 $0 $0
SEAN M CARROLL TRUSTEE 1.00
Director
$0 $0 $0
JOAHANNES VAN DER GIESSEN PRESIDENT 35.00
Officer
$109,989 $0 $109,989
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 No data No data No data No data
2024 $7,027 $529,558 $5,589,892 $-522,531
2023 $311,904 $1,321,845 $8,427,595 $-1,009,941
2022 $32,488 $3,474,717 $20,644,610 $-3,442,229
2021 $72,089,429 $113,067,608 $20,054,374 $-40,978,179
2020 $150,399,148 $143,642,986 $128,448,654 $6,756,162
2019 $138,679,021 $147,066,078 $137,344,288 $-8,387,057
2018 $147,323,534 $153,784,818 $146,473,153 $-6,461,284
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