THE FOUNDATION FOR NORFOLK LIVING INC (EIN 261722900) - 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

2005

Legal Domicile

Principal Officer

KATE JOHNSON

Phone

8603072693

Tax Period

2023-01-01 to 2023-12-31

THE FOUNDATION FOR NORFOLK LIVING INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 436% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 93% operating margin.

Mission

TO CREATE OPPORTUNITIES FOR HOUSING IN NORFOLK, CT

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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 $2,651,103

Program Service Revenue $113,785

Investment Income $999

Other Revenue $0

TOTAL REVENUE $2,765,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,716

Other Expenses $200,716

TOTAL EXPENSES $200,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,765,887	$515,543	+4.4%
Expenses	$200,716	$194,681	+0.0%
Net Income	$2,565,171	$320,862	+7.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE BRIGGS JOHNSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
NINA RITSON	V PRESIDENT	3.00	Officer Director	$0	$0	$0
JESSICA LISTORI	DIRECTOR	3.00	Director	$0	$0	$0
JULIE SCHARNBERG	SECRETARY	3.00	Officer Director	$0	$0	$0
LEILA JAVITCH	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN STERN	DIRECTOR	1.00	Director	$0	$0	$0
BEN HERZOG	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS BARBAGALLO	DIRECTOR	3.00	Director	$0	$0	$0
ERICK OLSEN	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$2,765,887	$200,716	$7,141,005	$2,565,171
2022	$515,543	$194,681	$4,560,155	$320,862
2021	$100,896	$188,042	$4,241,258	$-87,146
2020	$96,992	$171,086	$4,322,172	$-74,094
2019	$565,479	$173,817	$4,118,733	$391,662
2018	$767,310	$151,993	$4,141,897	$615,317

THE FOUNDATION FOR NORFOLK LIVING INC