LIEUTENANT ROBERT D WESTBERG SCHOLARSHIP INC

EIN: 237410577 501(c)(3)

WATERBURY, CT

Total Revenue
$105,448
Total Expenses
$48,842
Total Assets
$1,098,956
Net Assets
$1,098,956
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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
1975
Legal Domicile
CT
Principal Officer
FRANCIS WOODRUFF
Phone
2032287066
Tax Period
2023-07-01 to 2024-06-30

LIEUTENANT ROBERT D WESTBERG SCHOLARSHIP INC, founded in 1975, is a small nonprofit that reported $105K in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 54% operating margin.

Mission

SCHOLARSHIP PROGRAMS: PROVIDE SCHOLARSHIP AWARDS TO POLICE OFFICERS AND THEIR FAMILY FOR POST HIGH SCHOOL YEARS.

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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 $0
Investment Income $55,013
Other Revenue $50,435
TOTAL REVENUE $105,448

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $342
Program Expenses $48,500
Other Expenses $48,842
TOTAL EXPENSES $48,842

Year-over-Year Comparison

2023 2022 Change
Revenue $105,448 $42,873 +1.5%
Expenses $48,842 $51,600 -0.1%
Net Income $56,606 $-8,727 -7.5%
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
N/A
Employees
N/A
Volunteers
N/A

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
13
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER ACOSTA BOARD MEMBER N/A
Officer
$0 $0 $0
PAUL CIOCHETTI BOARD MEMBER N/A
Officer
$0 $0 $0
MICHAEL FISHER BOARD MEMBER N/A
Officer
$0 $0 $0
FRANCIS FORD BOARD MEMBER N/A
Officer
$0 $0 $0
ALEX GALLO BOARD MEMBER N/A
Officer
$0 $0 $0
FREDERICK BLASIUS JR BOARD MEMBER N/A
Officer
$0 $0 $0
MICHAEL MADDEN BOARD MEMBER N/A
Officer
$0 $0 $0
NEIL O'LEARY VICE PRESIDE N/A
Officer
$0 $0 $0
MARK OUELLETTE SECRETARY N/A
Officer
$0 $0 $0
MARK SANTAPIETRO BOARD MEMBER N/A
Officer
$0 $0 $0
FREDERICK BLASIUS SR PRESIDENT N/A
Officer
$0 $0 $0
TIMOTHY SULLIVAN BOARD MEMBER N/A
Officer
$0 $0 $0
FRANCIS WOODRUFF TREASURER N/A
Officer
$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 $105,448 $48,842 $1,098,956 $56,606
2023 $42,873 $51,600 $1,042,350 $-8,727
2022 $66,533 $42,100 $1,051,077 $24,433
2021 $77,658 $40,200 $1,026,644 $37,458
2020 $69,950 $40,600 $989,186 $29,350
2019 $80,985 $45,000 $959,836 $35,985
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