Neighborhood Studios of Fairfield County Inc (EIN 060993269) - 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

1978

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

Neighborhood Studios of Fairfield County Inc, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Neighborhood Studios transforms the lives of Bridgeport children through arts education and empowers them to make a difference in their 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 $581,793

Program Service Revenue $420,423

Investment Income $15,255

Other Revenue $9,470

TOTAL REVENUE $1,026,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $700,951

Fundraising Expenses $105,774

Program Expenses $807,877

Other Expenses $298,223

TOTAL EXPENSES $999,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,026,941	$920,721	+0.1%
Expenses	$999,174	$907,157	+0.1%
Net Income	$27,767	$13,564	+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

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

$81,779

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Derico	Executive Director	40.00	Key Emp	$81,779	$0	$81,779
David Hart	Director	1.00	Director	$0	$0	$0
David Griswold	Director	1.00	Director	$0	$0	$0
Michael Jacobsen	Director	1.00	Director	$0	$0	$0
Corti Cooper	Director	1.00	Director	$0	$0	$0
Virginie Morin	Director	1.00	Director	$0	$0	$0
Danny Cartagena	Director	1.00	Director	$0	$0	$0
Laurie Gross	Director	1.00	Director	$0	$0	$0
Amiyra Beauduy	Director	1.00	Director	$0	$0	$0
Rita Appel	Past Chair	10.00	Officer Director	$0	$0	$0
Tamara Titre	Secretary	1.00	Officer Director	$0	$0	$0
Andrew Hart	Vice Chair	1.00	Officer Director	$0	$0	$0
Michael Loeb	Treasurer	1.00	Officer Director	$0	$0	$0
Karla Mpanga	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
2024	$1,026,941	$999,174	$320,264	$27,767
2023	$920,721	$907,157	$374,459	$13,564
2022	$898,638	$816,283	$387,329	$82,355
2021	$613,099	$636,022	$354,836	$-22,923

Neighborhood Studios of Fairfield County Inc