NORTHEAST GREENWICH ASSOCIATION INCORPORATED

EIN: 061093741 501(c)(3) Community Improvement

GREENWICH, CT

Total Revenue
$17,434
Total Expenses
$15,095
Total Assets
$81,569
Net Assets
$81,569
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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
2021
Legal Domicile
CT
Principal Officer
THEODORE H WALWORTH III
Phone
7819562181
Tax Period
2022-01-01 to 2022-12-31

NORTHEAST GREENWICH ASSOCIATION INCORPORATED, founded in 2021, is a micro nonprofit in the Community Improvement sector that reported $17K in total revenue in fiscal year 2022. Expenses of $15K left a modest 13% surplus.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE FOR THE PROTECTION AND GENERAL WELFARE OF THE RESIDENTS AND OWNERS OF REAL PROPERTY IN THE NORTHEASTERN SECTION OF GREENWICH, CONNECTICUT, INCLUDING THE PRESERVATION OF THE RESIDENTIAL CHARACTER OF THAT AREA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,421
Program Service Revenue $0
Investment Income $13
Other Revenue $0
TOTAL REVENUE $17,434

Expense Breakdown

Grants Paid $2,160
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,313
Other Expenses $12,935
TOTAL EXPENSES $15,095

Year-over-Year Comparison

2022 2021 Change
Revenue $17,434 N/A N/A
Expenses $15,095 N/A N/A
Net Income $2,339 N/A N/A
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

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK J GILBRIDE II DIRECTOR N/A
Officer
$0 $0 $0
THEODORE H WALWORTH III PRESIDENT N/A
Officer
$0 $0 $0
ROBERT PIZZELLA TREASURER N/A
Officer
$0 $0 $0
LAVELLE SHIELDS SECRETARY N/A
Officer
$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
2022 $17,434 $15,095 $81,569 $2,339
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