SECOND CENTURY FUND INC OF BETA

EIN: 061389750

BRANFORD, CT

Total Revenue
$42,047
Total Expenses
$66,078
Total Assets
$652,871
Net Assets
$652,871
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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
1992
Legal Domicile
CT
Principal Officer
DAVID WHITE
Phone
2037767000
Tax Period
2023-11-01 to 2024-10-31

SECOND CENTURY FUND INC OF BETA, founded in 1992, is a micro nonprofit that reported $42K in total revenue in fiscal year 2023. Expenses of $66K exceeded revenue, resulting in a 57% operating deficit.

Mission

CULTIVATE ALUMNI AND MAINTAIN CONTRACT WITH MEMBERS OF THE FRATERNAL ORGANIZATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $42,047
Other Revenue $0
TOTAL REVENUE $42,047

Expense Breakdown

Grants Paid $44,334
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $21,744
TOTAL EXPENSES $66,078

Year-over-Year Comparison

2023 2022 Change
Revenue $42,047 $-2,710 -16.5%
Expenses $66,078 $77,290 -0.1%
Net Income $-24,031 $-80,000 -0.7%
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
2
Independent Members
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WHITE DIRECTOR 10.00
Officer
$0 $0 $0
DOUGLAS HAUSLADEN DIRECTOR 10.00
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
2024 $42,047 $66,078 $652,871 $-24,031
2023 $-2,710 $77,290 $676,902 $-80,000
2022 $-1,847 $28,049 No data $-29,896
2021 $51,969 $13,133 $806,431 $38,836
2020 $38,659 $23,792 $767,595 $14,867
2019 $20,908 $32,714 $752,728 $-11,806
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