WESTBRIDGE ACADEMY 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

1973

Legal Domicile

Principal Officer

ANTHONY HADZIMICHALIS

Phone

9734298110

Tax Period

2023-07-01 to 2024-06-30

WESTBRIDGE ACADEMY INC, founded in 1973, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO HELP STUDENTS REACH THEIR FULL POTENTIAL AS EDUCATED AND SELF-RELIANT MEMBERS OF SOCIETY BY STRENGTHENING ACADEMIC AND SOCIAL SKILLS THROUGH A COMPREHENSIVE PROGRAM OF THERAPEUTIC AND EDUCATIONAL INTERVENTION.

Program Service Accomplishments

Program 1

Expenses: $4,585,340

THE SCHOOL OPERATES A TEN MONTH AND EXTENDED YEAR PROGRAM, WHICH IS UTILIZED BY NEW JERSEY PUBLIC SCHOOL SENDING DISTRICTS IN SURROUNDING AREAS THAT ARE UNABLE TO PROVIDE THE SPECIALIZED CARE...

THE SCHOOL OPERATES A TEN MONTH AND EXTENDED YEAR PROGRAM, WHICH IS UTILIZED BY NEW JERSEY PUBLIC SCHOOL SENDING DISTRICTS IN SURROUNDING AREAS THAT ARE UNABLE TO PROVIDE THE SPECIALIZED CARE NECESSARY TO EDUCATE THESE STUDENTS. THE REVENUE AND EXPENSES FOR THIS PROGRAM ARE RECOGNIZED IN THE PUBLIC SCHOOL RESTRICTED FUND.

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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 $0

Program Service Revenue $5,837,422

Investment Income $0

Other Revenue $21,015

TOTAL REVENUE $5,858,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,417,654

Fundraising Expenses $0

Program Expenses $4,585,340

Other Expenses $1,444,811

TOTAL EXPENSES $5,862,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,858,437	$5,269,148	+0.1%
Expenses	$5,862,465	$5,312,136	+0.1%
Net Income	$-4,028	$-42,988	-0.9%

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

$462,224

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY HADZIMICHALIS	EXEC DIRECTOR	37.50	Officer	$209,200	$51,522	$260,722
ABRAHAM MATHEW	ASSNT. DIRECTOR	37.50	Officer	$157,855	$43,647	$201,502
JOHN CERNIGLIA	PRINCIPAL	37.50		$155,666	$12,300	$167,966
TRACY COSTON	SUPERVISOR	37.50		$134,832	$26,934	$161,766
ADRIANA PERROTA	SUPERVISOR	37.50		$126,394	$2,871	$129,265
DOUGLAS PARKER	Vice President	3.00	Officer Director	$0	$0	$0
STEVEN HEISLER	SECRETARY	3.00	Officer Director	$0	$0	$0
IRENE FIORY	President	3.00	Officer Director	$0	$0	$0
MITCHELL BERGER	Treasurer	3.00	Officer Director	$0	$0	$0
THOMAS GREEN JR	MEMBER-AT-LARGE	3.00	Director	$0	$0	$0
NORELL HADZIMICHALIS	MEMBER-AT-LARGE	3.00	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	No data	No data	No data	No data
2024	$5,858,437	$5,862,465	$2,745,171	$-4,028
2023	$5,269,148	$5,312,136	$2,370,678	$-42,988
2022	$5,741,005	$5,524,134	$2,484,320	$216,871
2021	$5,988,615	$6,045,266	$2,601,420	$-56,651
2020	$5,998,787	$5,868,618	$3,289,292	$130,169
2019	$5,715,430	$5,676,915	$2,483,076	$38,515
2018	$5,603,016	$5,603,629	$2,447,119	$-613