BRIDGEWAY CAPITAL INC (EIN 251635121) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

THOMAS J BOGDEWIC

Phone

4122012450

Tax Period

2024-10-01 to 2025-09-30

BRIDGEWAY CAPITAL INC, founded in 1990, is a mid-sized nonprofit in the Community Improvement sector that reported $14.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $2.7M, a strong 19% operating margin.

Mission

WE COMBAT INJUSTICES AND ADVANCE OPPORTUNITIES BY BUILDING CAPACITY, INVESTING CAPITAL, AND DEVELOPING UNDERSERVED AREAS TO GROW BUSINESSES AND REVITALIZE PLACES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,435,894

Program Service Revenue $5,394,787

Investment Income $1,289,788

Other Revenue $0

TOTAL REVENUE $14,120,469

Expense Breakdown

Grants Paid $166,135

Salaries & Benefits $4,148,562

Fundraising Expenses $334,141

Program Expenses $9,232,284

Other Expenses $7,085,640

TOTAL EXPENSES $11,400,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,120,469	$17,475,898	-0.2%
Expenses	$11,400,337	$10,916,759	+0.0%
Net Income	$2,720,132	$6,559,139	-0.6%

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

$693,854

Total Directors

$283,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BOGDEWIC	PRESIDENT & CEO	39.00	Officer Director	$231,145	$52,264	$283,409
MELVIN WASHINGTON	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
MELONIE JACKSON	VICE CHAIRPERSON (EXIT 2/25)	0.50	Officer Director	$0	$0	$0
STEPHANIE DANGEL	SECRETARY	0.50	Officer Director	$0	$0	$0
THOMAS BAKAITUS	TREASURER	0.50	Officer Director	$0	$0	$0
GEORGIA BERNER	DIRECTOR	0.50	Director	$0	$0	$0
JA'RON BRIDGES	DIRECTOR	0.50	Director	$0	$0	$0
EARL BUFORD	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT CHERRY	DIRECTOR (ENTER 4/25)	0.50	Director	$0	$0	$0
YVONNE COOK	DIRECTOR	0.50	Director	$0	$0	$0
RONALD A DONATELLI	DIRECTOR	0.50	Director	$0	$0	$0
DENIS MCLAUGHLIN	DIRECTOR (EXIT 11/24)	0.50	Director	$0	$0	$0
TAMMY RIBAR	DIRECTOR	0.50	Director	$0	$0	$0
MORTON STANFIELD JR	DIRECTOR	0.50	Director	$0	$0	$0
LARRY TRENGA	DIRECTOR (ENTER 4/25)	0.50	Director	$0	$0	$0
JOSEPH WYNN	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT LANGILL ASST SECRETARY	CHIEF IMPACT INVESTMENT OFFICER	39.00	Officer	$191,988	$33,359	$225,347
JACOB SAULT	CHIEF FINANCIAL OFFICER	36.00	Officer	$144,032	$41,066	$185,098
DAWN SECKLER CHIEF STRATEGY	& DEVELOPMENT OFFICER	40.00	Highest	$147,760	$38,540	$186,300
SHAWN THOMAS	LENDING TEAM LEADER	40.00	Highest	$133,885	$29,151	$163,036
ADAM KENNEY	CHIEF PROGRAMS OFFICER	40.00	Highest	$126,565	$36,155	$162,720
HOLLY KAY MANAGING DIRECTOR	OF UNDERWRITING (EXIT 1/25)	40.00	Highest	$128,503	$19,662	$148,165
JENNIE SAPSARA	DIRECTOR OF OPERATIONS	40.00	Highest	$108,291	$12,271	$120,562

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	$14,120,469	$11,400,337	$133,234,504	$2,720,132
2024	$17,475,898	$10,916,759	$131,718,778	$6,559,139
2023	$17,987,424	$9,292,096	$120,062,616	$8,695,328
2022	$11,446,748	$7,480,982	$100,800,088	$3,965,766
2021	$9,638,087	$6,506,910	$108,888,498	$3,131,177
2020	$13,867,537	$8,716,664	$108,897,508	$5,150,873
2019	$10,365,217	$8,219,790	$98,807,246	$2,145,427
2018	$9,621,729	$7,167,310	$95,261,116	$2,454,419

BRIDGEWAY CAPITAL INC