WARWICK COMMUNITY BANDWAGON ATTN KAREN THOMAS (EIN 132928443) - 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

1976

Legal Domicile

Principal Officer

KAREN THOMAS

Phone

8459866422

Tax Period

2023-01-01 to 2023-12-31

WARWICK COMMUNITY BANDWAGON ATTN KAREN THOMAS, founded in 1976, is a small nonprofit in the Mental Health sector that reported $411K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $472K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO ADMINISTER SCHOOL PROGRAMS FOR CHILDREN IN THE WARWICK DISTRICT.

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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 $343,844

Program Service Revenue $0

Investment Income $33

Other Revenue $67,328

TOTAL REVENUE $411,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,598

Fundraising Expenses $37,032

Program Expenses $383,941

Other Expenses $235,379

TOTAL EXPENSES $471,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$411,205	$500,857	-0.2%
Expenses	$471,977	$546,416	-0.1%
Net Income	$-60,772	$-45,559	+0.3%

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

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
Laurie Angle	Vice President	5.00	Officer	$0	$0	$0
Nora Elcar-Verdon	President	5.00	Officer	$0	$0	$0
Ketih Kaplan	Treasurer	5.00	Officer	$0	$0	$0
Heleen Schiller	Secretary	5.00	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	No data	No data	No data	No data
2023	$411,205	$486,102	$662,258	$-74,897
2023	$411,205	$471,977	$662,258	$-60,772
2022	$500,857	$546,416	$730,619	$-45,559
2021	$521,084	$413,205	$845,741	$107,879
2020	$383,379	$411,680	$743,802	$-28,301
2019	$431,978	$449,969	$593,439	$-17,991
2019	$436,925	$452,027	$598,853	$-15,102
2019	$436,925	$452,027	$598,853	$-15,102
2018	$329,273	$371,701	$595,502	$-42,428
2017	$416,106	$366,186	$620,991	$49,920

WARWICK COMMUNITY BANDWAGON ATTN KAREN THOMAS