BRIDGEPORT PUBLIC EDUCATION FUND INC (EIN 061379383) - 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

1993

Legal Domicile

Principal Officer

FAITH VILLEGAS

Phone

2033310551

Tax Period

2024-01-01 to 2024-12-31

BRIDGEPORT PUBLIC EDUCATION FUND INC, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $343K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO INCREASE INVOLVEMENT OF THE GREATER BRIDGEPORT COMMUNITY IN THE BRIDGEPORT PUBLIC SCHOOL SYSTEM; TO ORGANIZE AND SOLICIT FINANCIAL AND OTHER SUPPORT FOR THE BRIDGEPORT PUBLIC SCHOOL SYSTEM; TO ACT AS A CATALYST FOR THE DEVELOPMENT OF NEW PROGRAMS AND NEW APPROACHES TO TEACHING AND LEARNING FOR THE BRIDGEPORT PUBLIC SCHOOL SYSTEM; TO ENCOURAGE BRIDGEPORT EDUCATORS TO BE CREATIVE, INNOVATIVE, AND EFFECTIVE, AND TO RECOGNIZE THEM FOR SUCH ACHIEVEMENTS; TO STRENGTHEN PARENTAL INVOLVEMENT IN THEIR CHILDREN'S EDUCATIONAL PROCESS; TO STRENGTHEN COMMUNICATION BETWEEN EDUCATIONAL, CIVIC, AND BUSINESS CONSTITUENCIES AND TO INCREASE PUBLIC AWARENESS OF EXCELLENCE WITHIN THE BRIDGEPORT PUBLIC SCHOOL SYSTEM AS WELL AS THE CHALLENGES FACED BY URBAN EDUCATION AND THEIR PLACE IN THE GREATER BRIDGEPORT COMMUNITY; TO BRING INFORMATION TO THE GREATER BRIDGEPORT COMMUNITY REGARDING CURRENT EDUCATIONAL THOUGHT IN THE UNITED STATES AND TO PROMOTE CHANGE IN THE BRIDGEPORT SCHOOLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $342,916

Program Service Revenue $0

Investment Income $59

Other Revenue $0

TOTAL REVENUE $342,975

Expense Breakdown

Grants Paid $18,850

Salaries & Benefits $193,688

Fundraising Expenses $35,611

Program Expenses $224,510

Other Expenses $144,630

TOTAL EXPENSES $357,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,975	$263,638	+0.3%
Expenses	$357,168	$333,793	+0.1%
Net Income	$-14,193	$-70,155	-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

$82,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN ORLEANS	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN LOPEZ-CORDONE	CHAIR	1.00	Officer Director	$0	$0	$0
DR HAMID MALAKPOUR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE GIARRATANO	TREASURER	1.00	Officer Director	$0	$0	$0
RINA BAKALAR	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BELLINGER	DIRECTOR	1.00	Director	$0	$0	$0
ANA BATISTA	DIRECTOR	1.00	Director	$0	$0	$0
LORIE GUMBS-TYLER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MCGEE	DIRECTOR	1.00	Director	$0	$0	$0
CARLA KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
DR ROYCE AVERY	DIRECTOR	1.00	Director	$0	$0	$0
WILEY MULLINS	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON TISDALE	DIRECTOR	1.00	Director	$0	$0	$0
TERRON JONES	DIRECTOR	1.00	Director	$0	$0	$0
DIANA DEVELLIS-DRAPER	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL ENGRAM	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MORRISSEY	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN HILLS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SELLERS	DIRECTOR	1.00	Director	$0	$0	$0
FAITH VILLEGAS	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer	$82,500	$0	$82,500

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	$342,975	$357,168	$561,572	$-14,193
2023	$263,638	$333,793	$563,791	$-70,155
2022	$355,390	$341,458	$627,774	$13,932
2021	$387,230	$256,876	$619,643	$130,354
2020	$296,359	$261,122	$502,815	$35,237
2019	$214,772	$277,986	$437,850	$-63,214
2018	$346,788	$368,031	$488,133	$-21,243

BRIDGEPORT PUBLIC EDUCATION FUND INC