WEST HARTFORD EDUCATION ASSN INC (EIN 060764610) - 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

1968

Legal Domicile

Principal Officer

BRIAN PUTKONEN

Phone

8602365350

Tax Period

2023-09-01 to 2024-08-31

WEST HARTFORD EDUCATION ASSN INC, founded in 1968, is a small nonprofit that reported $804K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $777K left a modest 3% surplus.

Mission

WEST HARTFORD EDUCATION ASSOCIATION (WHEA) IS TO COLLECTIVELY REPRESENT OUR DISTRICT'S PROFESSIONAL EDUCATORS. WHEA IS COMMITTED TO EXCELLENCE, RESPECT, AND INTEGRITY IN SERVING THE BEST EDUCATIONAL INTEREST OF THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,000

Program Service Revenue $792,920

Investment Income $3,937

Other Revenue $0

TOTAL REVENUE $803,857

Expense Breakdown

Grants Paid $4,950

Salaries & Benefits $84,114

Fundraising Expenses $0

Program Expenses $658,241

Other Expenses $687,795

TOTAL EXPENSES $776,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$803,857	$716,910	+0.1%
Expenses	$776,859	$703,343	+0.1%
Net Income	$26,998	$13,567	+1.0%

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

$67,178

Total Directors

$11,942

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA TAMBORELLO	PUBLIC RELAT	2.00	Director	$1,100	$907	$2,007
MICHELLE NICKLAS	REP COUNCIL	2.00	Director	$1,100	$907	$2,007
RANDI LEOPOLD	SOCIAL CHAIR	2.00	Director	$800	$907	$1,707
KATHY HARDESTY	TREASURER	5.00	Officer	$1,500	$907	$2,407
BRIAN PUTKONEN	PRESIDENT	30.00	Officer	$59,050	$907	$59,957
ELISE DUNPHE	ADMINISTRATI	2.00	Officer	$1,500	$907	$2,407
SHANNON MCNEICE	WEBMASTER	1.00	Director	$1,200	$0	$1,200
ELLEN EICKENHORST	LEGISLATIVE	1.00	Director	$800	$907	$1,707
SHAUNA LUZUSKY	MEMBERSHIP C	1.00	Director	$1,500	$907	$2,407
DAVID SIMON	REP COUNCIL	1.00	Director	$0	$907	$907
RON WZIONTKO	EXECUTIVE VP	1.00	Officer	$1,500	$907	$2,407

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	$803,857	$776,859	$298,304	$26,998
2023	$716,910	$703,343	$271,306	$13,567
2022	$771,438	$739,917	$257,739	$31,521
2021	$772,317	$725,999	$226,218	$46,318
2020	$781,532	$726,896	$179,900	$54,636

WEST HARTFORD EDUCATION ASSN INC