ENTREPRENEURSHIP 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

2007

Legal Domicile

Principal Officer

Michael Roer

Phone

2035405903

Tax Period

2023-01-01 to 2023-12-31

ENTREPRENEURSHIP FOUNDATION INC, founded in 2007, is a small nonprofit in the Education sector that reported $370K in total revenue in fiscal year 2023. The organization ran a surplus of $125K, a strong 34% operating margin.

Mission

Our mission is to provide effective resources and support for Educators and Entrepreneurs.

Program Service Accomplishments

Program 1

Expenses: $91,416 Revenue: $0

WORKFORCE DEVELOPMENT. Responding to the requests from the regional Chamber of Commerce and with an ARPA grant, the Foundation embarked on a program to support the manufacturing industry in the state of Connecticut that has suffered supply chain interruptions from COVID and a chronic shortage of skilled labor. As a result, we launched a marketing campaign to encourage young people to pursue manufacturing as a business (to expand the existing supply chain) or as a career to bolster HR resources for the companies. Events included career fairs and manufacturing trade shows with young companies and startups as suppliers and established firms as buyers.

Program 2

Expenses: $126,363 Revenue: $0

BUSINESS PLAN COMPETITIONS for residents and businesses located in CT through two competitions: 1) The BRIDGEPORT BUSINESS CHALLENGE, whereby $69,698 in startup and growth grants were distributed...

BUSINESS PLAN COMPETITIONS for residents and businesses located in CT through two competitions: 1) The BRIDGEPORT BUSINESS CHALLENGE, whereby $69,698 in startup and growth grants were distributed among 30 finalists, chosen from over 100 entries from students, startups and established companies in the greater Bridgeport region. More than 20 volunteer judges helped to select the most promising companies in two rounds and three categories. 2) The NEW PRODUCT COMPETITION, that allocated $30,750 in R&D grants among 25 entries.

Program 3

Expenses: $7,132 Revenue: $0

ENTREPRENEUR SALES OUTLET. The Entrepreneurship Foundation supports a sales outlet for 25 entrepreneurs to showcase and sell their products. This outlet is a brick and mortar location in downtown...

ENTREPRENEUR SALES OUTLET. The Entrepreneurship Foundation supports a sales outlet for 25 entrepreneurs to showcase and sell their products. This outlet is a brick and mortar location in downtown Bridgeport. The Foundation also provides and maintains an online store for the same purpose and organizes free pop-ups and booths at farmers markets.

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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 $370,020

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $370,026

Expense Breakdown

Grants Paid $118,448

Salaries & Benefits $35,000

Fundraising Expenses $1,000

Program Expenses $228,831

Other Expenses $92,009

TOTAL EXPENSES $245,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,026	$376,243	0.0%
Expenses	$245,457	$324,108	-0.2%
Net Income	$124,569	$52,135	+1.4%

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

$35,000

Total Directors