STAMFORD BOARD OF EDUCATION EMPLOY… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

GEORGE BERNARDO

Phone

2034619616

Tax Period

2023-01-01 to 2023-12-31

STAMFORD BOARD OF EDUCATION EMPLOYEES ASSOCIATION, founded in 2001, is a micro nonprofit in the Human Services sector that reported $83K in total revenue in fiscal year 2023. Expenses of $124K exceeded revenue, resulting in a 49% operating deficit.

Mission

SPONSORSHIP OF VARIOUS ACTIVITIES AMOUNG MEMBERS AND TO PROMOTE AND IMPROVE WORKING CONDITIONS

Program Service Accomplishments

Program 1

Expenses: $119,038

THE PURPOSE OF THIS ASSOCIATION IS TO GIVE AID TO UNION MEMBERS, ENHANCE THE WORKING CONDITIONS, AND NEGOTIATE WAGE & LABOR CONTRACTS WITH THE TOWN OF STAMFORD

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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 $79,798

Program Service Revenue $0

Investment Income $2,998

Other Revenue $0

TOTAL REVENUE $82,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,038

Other Expenses $123,502

TOTAL EXPENSES $123,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,796	$82,761	+0.0%
Expenses	$123,502	$81,274	+0.5%
Net Income	$-40,706	$1,487	-28.4%

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

N/A

Volunteers

251

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
GENE MOLGANO	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALVIN MCKETHAN	V. PRESIDENT	5.00	Officer Director	$0	$0	$0
DONALD ALEXANDER	SECRETATY	5.00	Director	$0	$0	$0
DERRICK BARTLETT	TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$82,796	$123,502	$247,553	$-40,706
2022	$82,761	$81,274	$288,259	$1,487
2021	$73,365	$120,543	$286,772	$-47,178
2020	$80,111	$55,779	$333,950	$24,332
2019	$85,515	$85,703	$309,618	$-188
2018	$83,966	$66,623	$309,806	$17,343

STAMFORD BOARD OF EDUCATION EMPLOYEES ASSOCIATION