WOMEN'S BUSINESS DEVELOPMENT COUNCIL INC

EIN: 061493737 501(c)(3) Education

STAMFORD, CT

Total Revenue
$7,391,783
Total Expenses
$7,322,220
Total Assets
$7,651,236
Net Assets
$2,190,838
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CT
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 WOMEN THROUGH ENTREPRENEURIAL SERVICES THAT LAUNCH AND GROW BUSINESSES ACROSS CONNECTICUT. WBDC SERVES CLIENTS FROM CONNECTICUT'S 169 CITIES ANDTOWNS FROM ITS FOUR REGIONAL OFFICES ACROSS THE STATE: NEW HAVEN, STAMFORD, WATERBURY AND NEW LONDON. SINCE 1997 WBDC HAS BEEN PROVIDING THE TRAINING NECESSARY TO GUIDE ASPIRING, EMERGING, AND ESTABLISHED ENTREPRENEURS ALONG THEIR GROWTH JOURNEY. SERVICES OFFERED INCLUDE THE FOLLOWING: EDUCATIONAL OPPORTUNITIES: 1:1 BUSINESS ADVISING, CLASSES (INPERSON AND VIRTUAL), ONDEMAND LEARNING, MENTORING.

Program Service Accomplishments

Program 1
Expenses: $6,281,021 Revenue: $34,462

THE MISSION OF THE WOMEN'S BUSINESS DEVELOPMENT COUNCIL (WBDC) IS TO STRENGTHEN AND SUPPORT ECONOMIC SUCCESS FOR WOMEN THROUGH ENTREPRENEURIAL SERVICES THAT LAUNCH AND GROW BUSINESSES ACROSS...

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THE MISSION OF THE WOMEN'S BUSINESS DEVELOPMENT COUNCIL (WBDC) IS TO STRENGTHEN AND SUPPORT ECONOMIC SUCCESS FOR WOMEN THROUGH ENTREPRENEURIAL SERVICES THAT LAUNCH AND GROW BUSINESSES ACROSS CONNECTICUT. WBDC SERVES CLIENTS FROM CONNECTICUT'S 169 CITIES AND TOWNS FROM ITS THREE REGIONAL OFFICES ACROSS THE STATE: NEW HAVEN, STAMFORD, WATERBURY AND NEW LONDON. SINCE 1997 WBDC HAS BEEN PROVIDING THE TRAINING NECESSARY TO GUIDE ASPIRING, EMERGING, AND ESTABLISHED ENTREPRENEURS ALONG THEIR GROWTH JOURNEY. SERVICES OFFERED INCLUDE THE FOLLOWING:EDUCATIONAL OPPORTUNITIES: 1:1 BUSINESS ADVISING, CLASSES (IN-PERSON AND VIRTUAL), ON-DEMAND LEARNING, MENTORING.IN ADDITION TO TRAINING, WBDC BELIEVES IN CONNECTING OUR CLIENTS, DONORS, AND OTHER STAKEHOLDERS, FOSTERING BUSINESS GROWTH THROUGH COLLABORATION AND TEAM SUPPORT.COMMUNITY ENGAGEMENTS: WBDC CONNECT MEMBERSHIP, COURAGEOUS CONVERSATIONS PODCAST, ANNUAL GALA & FUNDRAISING EVENTS, VIRTUAL MARKETPLACE, PUBLIC SPEAKING & MEDIA OPPORTUNITIES.FINANCIAL RESOURCES: WBDC HELPS ITS CLIENTS IDENTIFY SOURCES OF CAPITAL WHICH ALIGN WITH THEIR UNIQUE BUSINESS NEEDS AND PROVIDES GUIDANCE THROUGH THE APPLICATION AND COMPLIANCE PROCESS. RESOURCES INCLUDE WBDC'S OPPORTUNITY FUND GRANTS, BANK AND NON-BANK LOANS, PRIVATE INVESTMENTS, FEDERAL AND STATE COVID-19 RELIEF, OTHER NON-TRADITIONAL LOANS AND GRANTS.BUSINESS SUPPORT PROGRAM FOR CT CHILD CARE PROVIDERS: WBDC OFFERS A COMPREHENSIVE SUITE OF BUSINESS DEVELOPMENT SERVICES SUPPORTING CT CHILD CARE PROVIDERS, HOME AND CENTER-BASED, TO HELP THEM LAUNCH, SUSTAIN, AND GROW THEIR BUSINESSES. THE CHILD CARE BUSINESS DEVELOPMENT PROGRAM CATERS EXCLUSIVELY TO THE BUSINESS NEEDS OF THE CHILDCARE INDUSTRY: CUSTOMIZED ENTREPRENEURIAL TRAINING & TECHNICAL ASSISTANCE, PERSONAL FINANCIAL TRAINING & COACHING, MENTORING, FISCAL AND TECHNOLOGY INCENTIVES, ADVOCACY, TRAIN THE TRAINER.

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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 $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

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Governance

Voting Members
21
Independent Members
21
Employees
33
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
5
$588,737
Total Directors
20
$0
Key Employees
1
$215,654
Highest Compensated
1
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
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