WESTBROOK FOUNDATION 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

1984

Legal Domicile

Principal Officer

Paul Winch

Phone

8603998676

Tax Period

2018-01-01 to 2018-12-31

WESTBROOK FOUNDATION INC, founded in 1984, is a community nonprofit in the Unknown sector that reported $2.1M in total revenue in fiscal year 2018. Revenue surged 277% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 86% operating margin.

Mission

To Administer Funds Whose Income Is to Be Used For The Benefit Of Residents Of The Town Of Westbrook.

Program Service Accomplishments

Program 1

Expenses: $147,462

The Westbrook Foundation, Inc. administers the Barbara Spencer Memorial Fund, which was established to benefit the people of the Town of Westbrook, CT. Donations were made to fund scholarships for...

The Westbrook Foundation, Inc. administers the Barbara Spencer Memorial Fund, which was established to benefit the people of the Town of Westbrook, CT. Donations were made to fund scholarships for summer camp programs at Camp Hazen, to provide financial assistance for the local youth football league, to make renovations at the local YMCA, to fund a local renovation projects, to support the Shoreline Soup Kitchens, and to provide financial assistance to the town and other Westbrook organizations.

Program 2

Expenses: $52,150

The Westbrook Foundation, Inc. administers several scholarship funds established to meet the educational needs of residents of the Town Of Westbrook, CT (population approximately 7,000). 50 residents...

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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 (2018)

Revenue Breakdown

Contributions & Grants $4,375

Program Service Revenue $0

Investment Income $2,063,457

Other Revenue $0

TOTAL REVENUE $2,067,832

Expense Breakdown

Grants Paid $182,303

Salaries & Benefits $0

Fundraising Expenses $1,227

Program Expenses $199,612

Other Expenses $108,513

TOTAL EXPENSES $290,816

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,067,832	$547,872	+2.8%
Expenses	$290,816	$375,160	-0.2%
Net Income	$1,777,016	$172,712	+9.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian O'Conner Sr	Co-Chair	2.00	Officer Director	$0	$0	$0
Bernadette Jones	VICE CHAIR	1.00	Officer Director	$0	$0	$0
David Russell	Director	1.00	Director	$0	$0	$0
EVE BARAKOS	Director	1.00	Director	$0	$0	$0
LAWRENCE LARIVIERE	Treasurer	3.00	Officer Director	$0	$0	$0
PAUL WINCH	Director	2.00	Director	$0	$0	$0
Constance Vogell	Co-Chair	2.00	Officer Director	$0	$0	$0
Paul Polo Sr	Director	1.00	Director	$0	$0	$0
AN-MING TRUXES	Secretary	1.00	Officer 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
2018	$2,067,832	$290,816	$6,929,537	$1,777,016