WESTBRIDGE ACADEMY INC

EIN: 222007342 501(c)(3) Education

BLOOMFIELD, NJ

Total Revenue
$5,858,437
Total Expenses
$5,862,465
Total Assets
$2,745,171
Net Assets
$932,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NJ
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.

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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 $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

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Governance

Voting Members
6
Independent Members
6
Employees
50
Volunteers
6

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
$462,224
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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