A BETTER WAY FOUNDATION ABWF INC (EIN 061576383) - 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

2000

Legal Domicile

Principal Officer

LAURA BURFOOT

Phone

4752441186

Tax Period

2023-09-01 to 2024-08-31

A BETTER WAY FOUNDATION ABWF INC, founded in 2000, is a community nonprofit in the Mental Health sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 33% operating margin.

Mission

A BETTER WAY FOUNDATION PROVIDES FISCAL SPONSORSHIP AND TECHNICAL ASSISTANCE TO GRASSROOTS ORGANIZING GROUPS IN CONNECTICUT.

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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 $3,379,319

Program Service Revenue $43,450

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,422,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,481,380

Fundraising Expenses $36,436

Program Expenses $1,645,607

Other Expenses $817,958

TOTAL EXPENSES $2,299,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,422,769	$2,776,809	+0.2%
Expenses	$2,299,338	$1,582,688	+0.5%
Net Income	$1,123,431	$1,194,121	-0.1%

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

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

$105,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER QUAYE-HUDSON	EXECUTIVE DI	1.00	Officer	$105,500	$0	$105,500
ERICK CARRION RIVERA	CHAIR	1.00	Director	$0	$0	$0
STEPHEN A BORLA	TREASURER	1.00	Director	$0	$0	$0
YANITZA CUBILETTE	SECRETARY	1.00	Director	$0	$0	$0
JOSE ALFARO	DIRECTOR	1.00	Director	$0	$0	$0
EARL BLOODWORTH	DIRECTOR	1.00	Director	$0	$0	$0
KEREN SALIM	DIRECTOR	1.00	Director	$0	$0	$0
LAURA BURFOOT BEG JULY 2023	INTERIM CO-E	40.00	Officer	$0	$0	$0
SARANA CARTER BEG JULY 2023	INTERIM CO-E	40.00	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	$3,422,769	$2,299,338	$3,915,799	$1,123,431
2023	$2,776,809	$1,582,688	$2,787,542	$1,194,121
2022	$1,320,077	$993,655	$1,600,367	$326,422
2021	$1,381,892	$1,252,024	$778,048	$129,868
2020	$1,207,975	$774,173	$647,352	$433,802
2019	$829,997	$737,437	$213,168	$92,560
2018	$538,776	$491,609	$127,584	$47,167

A BETTER WAY FOUNDATION ABWF INC