A BETTER CHANCE OF WESTPORT INC (EIN 061603592) - 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

COLIN MORRIS

Phone

2032221701

Tax Period

2024-07-01 to 2025-06-30

A BETTER CHANCE OF WESTPORT INC, founded in 2000, is a small nonprofit in the Youth Development sector that reported $434K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 18% operating margin.

Mission

THE ORGANIZATION OWNS A BOARDING HOUSE IN WESTPORT, CONNECTICUT WHERE ACADEMICALLY TALENTED MINORITY STUDENTS FROM EDUCATIONALLY UNDERSERVED COMMUNITIES HAVE THE OPPORTUNITY TO ATTEND THE WESTPORT HIGH SCHOOL AND EVENTUALLY HAVE THE OPPORTUNITY TO GAIN ADMISSION TO HIGHLY COMPETITIVE COLLEGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $218,286

Program Service Revenue $0

Investment Income $143,413

Other Revenue $72,771

TOTAL REVENUE $434,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,423

Fundraising Expenses $11,211

Program Expenses $322,770

Other Expenses $243,715

TOTAL EXPENSES $357,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,470	$277,375	+0.6%
Expenses	$357,138	$319,325	+0.1%
Net Income	$77,332	$-41,950	-2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC FREEMAN	PRESIDENT/ MENTOR CHAIR	2.00	Officer Director	$0	$0	$0
ERIC SEIDMAN	VP FUNDRAISING	2.00	Officer Director	$0	$0	$0
JANE TARSY	FACILITIES CHAIR	2.00	Director	$0	$0	$0
NOKWARE KNIGHT	MENTOR CO-CHAIR	2.00	Director	$0	$0	$0
JANE KIM	TECH ADMINISTRATION	2.00	Director	$0	$0	$0
OLGA ROBERTS	CO-TREASURER / VP FINANCE	2.00	Officer Director	$0	$0	$0
COLIN MORRIS	CO-TREASURER	2.00	Officer Director	$0	$0	$0
RONI GOLDBERG	EXECUTIVE DIRECTOR	2.00	Director	$0	$0	$0
NAT SMITOBOL	ACADEMIC CHAIR	2.00	Director	$0	$0	$0
ARIANA NAPIER	VP ADMINISTRATION	2.00	Director	$0	$0	$0
TAMIKA THOMPSON	RESIDENT DIRECTOR	2.00	Director	$0	$0	$0
KERIAN EVANS	HR / COMPLIANCE	2.00	Director	$0	$0	$0
SHEILA SMITH	DEI CHAIR	0.00	Director	$0	$0	$0
REBECCA MARSICK	COLLEGE FINANCIAL AID CHAI	2.00	Director	$0	$0	$0
JACQUELINE QUIGLEY	SCHOLAR RECRUITMENT CHAIR	2.00	Director	$0	$0	$0
LISA WEITZMAN	HEALTH AND WELLNESS CHAIR	2.00	Director	$0	$0	$0
EMILY PARANSKY	ENRICHMENT ACTIVITY CHAIR	2.00	Director	$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	$434,470	$357,138	$2,140,579	$77,332
2024	$277,375	$319,325	$2,072,597	$-41,950
2023	$250,816	$316,533	$1,977,579	$-65,717
2022	$210,097	$281,525	$1,949,937	$-71,428
2021	$210,769	$269,484	$2,110,068	$-58,715
2020	$177,831	$214,181	$1,959,846	$-36,350
2019	$330,054	$324,283	$1,971,088	$5,771
2018	$304,979	$307,889	$1,943,815	$-2,910

A BETTER CHANCE OF WESTPORT INC