BRIDGEPORT, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW BEGINNINGS FAMILY ACADEMY INC, founded in 1999, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $8.5M exceeded revenue, resulting in a 11% operating deficit.
NEW BEGINNINGS FAMILY ACADEMY PROVIDES ITS STUDENTS A MEANINGFUL, HIGH-QUALITY EDUCATION THROUGH EXPERIENCE-BASED LEARNING THAT HELPS DEVELOP ESSENTIAL SOCIAL, EMOTIONAL AND CRITICAL-THINKING SKILLS. THIS GIVES ALL CHILDREN A FOUNDATION TO ACHIEVE THEIR FULL POTENTIAL AT EVERY STAGE OF LIFE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,647,711 | $9,704,902 | -0.2% |
| Expenses | $8,466,905 | $8,291,353 | +0.0% |
| Net Income | $-819,194 | $1,413,549 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RONELLE P SWAGERTY | CEO | 40.00 |
Officer
|
$169,040 | $34,595 | $203,635 |
| PAMELA DALTON | CHIEF ACADEMIC OFFICER | 40.00 |
Highest
|
$152,623 | $12,114 | $164,737 |
| VALORE TURNER | UPPER SCHOOL PRINCIPAL | 40.00 |
Highest
|
$122,226 | $33,964 | $156,190 |
| COLLETTE FEARON | LOWER SCHOOL PRINCIPAL | 40.00 |
Highest
|
$151,191 | $447 | $151,638 |
| LUIS CARTAGENA | COO & CFO | 40.00 |
Officer
|
$105,119 | $33,418 | $138,537 |
| ROREE WARNKE | CHIEF DEVELOPMENT & COMMUNICATIONS | 40.00 |
Highest
|
$107,052 | $24,835 | $131,887 |
| TASHA HARRIS | DIRECTOR | 40.00 |
Director
|
$75,716 | $10,068 | $85,784 |
| DONALD FOLEY | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| LASHEA HALL | VICE PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| MYLENA TEIXEIRA | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| MINDY FOX PRITCHARD | SECRETARY | 4.00 |
Director
|
$0 | $0 | $0 |
| CRAIG JOHNSON | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KEVIN KNIGHT | DIRECTOR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICIA SEMPERTEGUI | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KIZZY JETER-WILCOX | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $7,647,711 | $8,466,905 | $6,715,381 | $-819,194 |
| 2024 | No data | No data | No data | No data |
| 2023 | $7,844,759 | $8,107,306 | $5,899,969 | $-262,547 |
| 2022 | $8,034,593 | $8,787,714 | $6,463,052 | $-753,121 |
| 2021 | $8,124,878 | $7,371,170 | $6,914,685 | $753,708 |
| 2020 | $6,859,099 | $7,631,641 | $7,003,786 | $-772,542 |
| 2019 | $6,686,383 | $7,154,662 | $6,612,687 | $-468,279 |
| 2018 | $6,929,932 | $7,359,359 | $7,102,260 | $-429,427 |
Compare NEW BEGINNINGS FAMILY ACADEMY INC with other nonprofits in Connecticut and across the country.