THE FOUNDATION FOR WEST HARTFORD PUBLIC SCHOOLS INC (EIN 061486481) - 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

1997

Legal Domicile

Principal Officer

EJ GREENSPAN

Phone

8605618755

Tax Period

2023-09-01 to 2024-08-31

THE FOUNDATION FOR WEST HARTFORD PUBLIC SCHOOLS INC, founded in 1997, is a small nonprofit in the Education sector that reported $117K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $18K, a strong 15% operating margin.

Mission

PROMOTE EXCELLENCE IN WEST HARTFORD PUBLIC SCHOOLS (SEE SCHEDULE O)THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL PROJECTS, PROGRAMS, AND INITIATIVES THAT WILL ENHANCE AND ENLIVEN THE CLASSROOM EXPERIENCE AND PROMOTE EXCELLENCE IN WEST HARTFORD PUBLIC 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 (2023)

Revenue Breakdown

Contributions & Grants $99,535

Program Service Revenue $0

Investment Income $12,807

Other Revenue $4,737

TOTAL REVENUE $117,079

Expense Breakdown

Grants Paid $31,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,669

Other Expenses $67,399

TOTAL EXPENSES $99,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,079	$131,139	-0.1%
Expenses	$99,099	$142,992	-0.3%
Net Income	$17,980	$-11,853	-2.5%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EJ GREENSPAN	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
DEENA SAMBERG-SHEFSKY	CO-PRESIDENT (LEFT 6/2024)	1.00	Officer Director	$0	$0	$0
MICHAEL PARILLO	TREASURER	1.00	Officer Director	$0	$0	$0
TOM SCHEINFELDT	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARK FINLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY LEVY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT O'MEARA	BOARD MEMBER (LEFT 6/2024)	1.00	Director	$0	$0	$0
KEATS JARMON	BOARD MEMBER (LEFT 6/2024)	1.00	Director	$0	$0	$0
LORI REMINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRSTEN SANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG TEICH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLEY SOLOMON	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA LERNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISON PEAKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIRIAM KRAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH JAKUBOWSKI	BOARD MEMBER (LEFT 6/2024)	1.00	Director	$0	$0	$0
MEREDITH HARGREAVES	BOARD MEMBER	1.00	Director	$0	$0	$0
GUNJAN SHARMA	BOARD MEMBER	1.00	Director	$0	$0	$0
JILLIAN FELDMAN	BOARD MEMBER (JOINED 6/2024)	1.00	Director	$0	$0	$0
AMANDA JONES	BOARD MEMBER (JOINED 6/2024)	1.00	Director	$0	$0	$0
CYNTHIA MAHON	BOARD MEMBER (JOINED 6/2024)	1.00	Director	$0	$0	$0
REBECCA LOWRY WARCHUT	BOARD MEMBER (JOINED 6/2024)	1.00	Director	$0	$0	$0
SARA KORNBLUH	BOARD MEMBER (JOINED 6/2024)	1.00	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	$117,079	$99,099	$538,362	$17,980
2023	$131,139	$142,992	$492,068	$-11,853
2022	$143,242	$125,101	$494,542	$18,141
2021	$97,534	$77,802	$541,529	$19,732

THE FOUNDATION FOR WEST HARTFORD PUBLIC SCHOOLS INC