THE GREATER BRIDGEPORT OIC INC

EIN: 061493753 501(c)(3) Employment

BRIDGEPORT, CT

Total Revenue
$313,829
Total Expenses
$352,809
Total Assets
$137,660
Net Assets
$99,870
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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
CT
Tax Period
2023-07-01 to 2024-06-30

THE GREATER BRIDGEPORT OIC INC, founded in 1997, is a small nonprofit in the Employment sector that reported $314K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $353K exceeded revenue, resulting in a 12% operating deficit.

Mission

EMPLOYMENT & TRAINING PROGRAM

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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 $313,807
Program Service Revenue $0
Investment Income $22
Other Revenue $0
TOTAL REVENUE $313,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,477
Fundraising Expenses $0
Program Expenses $332,300
Other Expenses $251,332
TOTAL EXPENSES $352,809

Year-over-Year Comparison

2023 2022 Change
Revenue $313,829 $371,183 -0.2%
Expenses $352,809 $359,266 0.0%
Net Income $-38,980 $11,917 -4.3%
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
4
Independent Members
4
Employees
3
Volunteers
20

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANA WASHINGTON CHAIRPERSON 2.00
Officer
$0 $0 $0
FRANCES NEWBY MEMBER 2.00
Officer
$0 $0 $0
ELENA PADIN SECRETARY 2.00
Officer
$0 $0 $0
MARIA R ALTERIE MEMBER 2.00
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
2025 No data No data No data No data
2024 $313,829 $352,809 $137,660 $-38,980
2023 $371,183 $359,266 $150,076 $11,917
2022 $229,568 $226,411 $135,491 $3,157
2021 $251,885 $248,134 $134,137 $3,751
2021 $203,634 $208,075 $125,945 $-4,441
2020 $170,212 $251,000 $145,242 $-80,788
2019 $397,389 $226,743 $203,355 $170,646
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