WATERBURY OPPORTUNITES INDUSTRIALIZATION CENTER (EIN 060911610) - 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

1974

Legal Domicile

Principal Officer

REGINALD BEAMON

Phone

2037567987

Tax Period

2023-01-01 to 2023-12-31

WATERBURY OPPORTUNITES INDUSTRIALIZATION CENTER, founded in 1974, is a small nonprofit in the Employment sector that reported $149K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 86 months of operating reserves.

Mission

PROGRAMS TO INCREASE EMPLOYMENT OPPORTUNITIES FOR THE UNEMPLOYED, UNDEREMPLOYED, AND ECONOMICALLY DISADVANTAGED INCLUDING RECRUITING, SKILLS ASSESSMENT, COUNSELING AND OCCUPATIONAL TRAINING.

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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 $115,093

Program Service Revenue $33,962

Investment Income $1

Other Revenue $200

TOTAL REVENUE $149,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,075

Fundraising Expenses $0

Program Expenses $135,537

Other Expenses $115,043

TOTAL EXPENSES $156,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,256	$92,250	+0.6%
Expenses	$156,118	$123,719	+0.3%
Net Income	$-6,862	$-31,469	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE DEVIVO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ADRIENNE PARKMOND ESQ	DIRECTOR	1.00	Director	$0	$0	$0
AVERY GADDIS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE GOMES	DIRECTOR	1.00	Director	$0	$0	$0
HONOREE GOODSON	DIRECTOR	1.00	Director	$0	$0	$0
SONNY HOLMES	TREASURER	1.00	Officer Director	$0	$0	$0
DAWN LEWIS	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDALL LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
LEROY PERRY	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MITCHELL SMITH	CHAIR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$149,256	$156,118	$1,110,343	$-6,862
2022	$92,250	$123,719	$1,120,195	$-31,469
2021	$106,227	$144,584	$1,151,664	$-38,357
2020	$134,920	$179,168	$1,192,021	$-44,248
2019	$97,948	$164,062	$1,236,270	$-66,114
2018	$146,357	$167,567	$1,301,382	$-21,210
2018	$146,357	$167,567	$1,301,380	$-21,210

WATERBURY OPPORTUNITES INDUSTRIALIZATION CENTER