WOMEN'S BUSINESS DEVELOPMENT COUNCIL INC (EIN 061493737) - 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

1998

Legal Domicile

Principal Officer

FRAN PASTORE

Phone

2033531750

Tax Period

2023-01-01 to 2023-12-31

WOMEN'S BUSINESS DEVELOPMENT COUNCIL INC, founded in 1998, is a community nonprofit in the Education sector that reported $7.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE WOMEN'S BUSINESS DEVELOPMENT COUNCIL(WBDC) IS TO STRENGTHEN AND SUPPORT ECONOMIC SUCCESS FOR WOMENTHROUGH ENTREPRENEURIAL SERVICES THAT LAUNCH AND GROW BUSINESSESACROSS CONNECTICUT. WBDC SERVES CLIENTS FROM CONNECTICUT'S 169 CITIESAND TOWNS FROM ITS FOUR REGIONAL OFFICES ACROSS THE STATE: NEWHAVEN, STAMFORD, WATERBURY AND NEW LONDON. SINCE 1997 WBDC HASBEEN PROVIDING THE TRAINING NECESSARY TO GUIDE ASPIRING, EMERGING, ANDESTABLISHED ENTREPRENEURS ALONG THEIR GROWTH JOURNEY. SERVICESOFFERED INCLUDE THE FOLLOWING: EDUCATIONAL OPPORTUNITIES: 1:1BUSINESS ADVISING, CLASSES (INPERSON\AND VIRTUAL), ONDEMAND LEARNING,MENTORING.

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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 $6,998,494

Program Service Revenue $31,661

Investment Income $19,493

Other Revenue $342,135

TOTAL REVENUE $7,391,783

Expense Breakdown

Grants Paid $3,001,159

Salaries & Benefits $3,179,098

Fundraising Expenses $356,599

Program Expenses $6,281,021

Other Expenses $1,141,963

TOTAL EXPENSES $7,322,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,391,783	$6,726,773	+0.1%
Expenses	$7,322,220	$6,707,087	+0.1%
Net Income	$69,563	$19,686	+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

Volunteers

107

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

$588,737

Total Directors

Key Employees

$215,654

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANESSA ABRAHAMS-JOHN	DIRECTOR	1.00	Director	$0	$0	$0
GAIL LEHMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHOSHANA LUBIN	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA ARKELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATTI MELICK	DIRECTOR	1.00	Director	$0	$0	$0
GREG BEHRMAN	DIRECTOR	1.00	Director	$0	$0	$0
ELANA MILIANTA	DIRECTOR	1.00	Director	$0	$0	$0
CHANTAL COFFY	DIRECTOR	1.00	Director	$0	$0	$0
FLAVIA NASLAUSKY	DIRECTOR	1.00	Director	$0	$0	$0
MOIRA COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
JANET DEFRINO	DIRECTOR	1.00	Director	$0	$0	$0
SHARON KANE	DIRECTOR	1.00	Director	$0	$0	$0
DENISE KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA CASTELLANO	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA FINKEL	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY KOPP	DIRECTOR	1.00	Director	$0	$0	$0
KATIA LACY	DIRECTOR	1.00	Director	$0	$0	$0
ANN MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH T HIRSCH	CHAIR	1.00	Officer Director	$0	$0	$0
DOROTHY BRATCHELL	COO	40.00	Officer	$102,830	$11,415	$114,245
FRAN PASTORE	PRESIDENT AND CEO	40.00	Officer	$285,437	$27,420	$312,857
TASHA JACKSON	CFO	40.00	Officer	$161,635	$0	$161,635
BRENDA THICKETT	VP OF PROGRAMS	40.00	Key Emp	$200,201	$15,453	$215,654
LOUISE LISBOA-MENEZES	OPERATIONS MANAGER	40.00	Highest	$109,615	$3,985	$113,600

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	No data	No data	No data	No data
2023	$7,391,783	$7,322,220	$7,651,236	$69,563
2022	$6,726,773	$6,707,087	$3,422,440	$19,686
2021	$5,259,067	$4,133,229	$3,884,077	$1,125,838
2020	$4,313,133	$3,939,613	$4,156,512	$373,520
2019	$1,903,954	$1,888,966	$739,349	$14,988
2018	$1,755,233	$1,677,461	$808,110	$77,772

WOMEN'S BUSINESS DEVELOPMENT COUNCIL INC