HARTFORD YOUTH SCHOLARS INC

EIN: 203495171 501(c)(3) Education

HARTFORD, CT

Total Revenue
$1,397,911
Total Expenses
$1,480,213
Total Assets
$1,860,159
Net Assets
$1,819,214
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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
CT
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

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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%)

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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

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Governance

Voting Members
28
Independent Members
28
Employees
25
Volunteers
43

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
6
$184,132
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
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
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