HARTFORD YOUTH SCHOLARS INC

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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

2005

Legal Domicile

Principal Officer

ANTHONY BYERS

Phone

8602975123

Tax Period

2023-01-01 to 2023-12-31

HARTFORD YOUTH SCHOLARS INC, founded in 2005, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO INCREASE THE NUMBER OF HARTFORD STUDENTS WHO ATTEND AND GRADUATE FROM FOUR-YEAR COLLEGES AND UNIVERSITIES.

Program Service Accomplishments

Program 1

Expenses: $819,059

HARTFORD YOUTH SCHOLARS, INC. ("HYS") WORKS WITH HARTFORD STUDENTS BEGINNING WHEN THEY ARE IN MIDDLE SCHOOL AND HELPS THEM GET "TO AND THROUGH" COLLEGE. HYS HELPS HIGHLY MOTIVATED HARTFORD STUDENTS GAIN ACCESS TO AND GRADUATE FROM BEST FIT SECONDARY SCHOOLS AND COLLEGES. THE ORGANIZATION PROVIDES SCHOLARS AND THEIR FAMILIES WITH ACADEMIC AND MENTORING SUPPORT FOR 10 YEARS, BEGINNING THE SUMMER BEFORE STUDENTS ENTER 7TH GRADE AND CONTINUING THROUGH COLLEGE GRADUATION. HYS PREPARES THEIR SCHOLARS TO SUCCESSFULLY COMPLETE A FOUR-YEAR COLLEGE DEGREE BY OFFERING THEM ACCESS TO EXCEPTIONAL EDUCATIONAL OPPORTUNITIES AND PROVIDING THEM WITH ONGOING, COMPREHENSIVE SUPPORTS. HYS ENVISIONS THESE SCHOLARS ATTAINING COLLEGE DEGREES AND THEN RETURNING TO WORK AND LIVE IN HARTFORD, THEREBY INSPIRING AND HELPING TO CULTIVATE SIMILAR ACHIEVEMENTS IN YOUNGER HARTFORD STUDENTS.

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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 $1,349,975

Program Service Revenue $0

Investment Income $47,936

Other Revenue $0

TOTAL REVENUE $1,397,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $961,840

Fundraising Expenses $325,234

Program Expenses $819,059

Other Expenses $518,373

TOTAL EXPENSES $1,480,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,397,911	$1,284,623	+0.1%
Expenses	$1,480,213	$1,201,757	+0.2%
Net Income	$-82,302	$82,866	-2.0%

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

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

$184,132

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIS HORRIGAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MISHONE DONELSON	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEVIN GOKEY	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN FRENKEL	SECRETARY	1.00	Officer Director	$0	$0	$0
SUE AHRENS	DIRECTOR	1.00	Director	$0	$0	$0
TOKUNBO AKINBAJO	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN BACON	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN BERNACKI	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE CREED	DIRECTOR	1.00	Director	$0	$0	$0
SHAKIRA RAMOS CRESPO	DIRECTOR	1.00	Director	$0	$0	$0
ANITA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
GREG DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE FAY	DIRECTOR	1.00	Director	$0	$0	$0
MYRNA GONZALEZ-SANTIAGO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOSS	DIRECTOR	1.00	Director	$0	$0	$0
DIANE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK KINNEY	DIRECTOR	1.00	Director	$0	$0	$0
KARL KRAPEK	DIRECTOR	1.00	Director	$0	$0	$0
KYLE LABARRE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN LANDAU	DIRECTOR	1.00	Director	$0	$0	$0
ERICA MEANEY	DIRECTOR	1.00	Director	$0	$0	$0
NICHELLE MULLINS	DIRECTOR	1.00	Director	$0	$0	$0
MOY OGILVIE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER PARRIS	DIRECTOR	1.00	Director	$0	$0	$0
AMY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ZULMA TORO	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH WOLFF	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY BYERS	EXECUTIVE DIRECTOR	40.00	Officer	$115,790	$8,858	$124,648
ROXANNA MILLER	CHIEF ADVANCEMENT OFFICER	40.00	Officer	$51,612	$7,872	$59,484

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	$1,397,911	$1,480,213	$1,860,159	$-82,302
2022	$1,284,623	$1,201,757	$1,827,844	$82,866
2021	$1,158,091	$936,397	$1,933,644	$221,694
2020	$924,734	$880,076	$1,690,790	$44,658
2019	$981,209	$932,245	$1,456,342	$48,964
2018	$1,935,470	$961,118	$1,238,475	$974,352