WETHERSFIELD ACADEMIC FOUNDATION

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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

2008

Legal Domicile

Principal Officer

JON LOONEY

Phone

3098534860

Tax Period

2023-07-01 to 2024-06-30

WETHERSFIELD ACADEMIC FOUNDATION, founded in 2008, is a micro nonprofit in the Education sector that reported $53K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $46K left a modest 13% surplus.

Mission

THE FOUNDATION IS DESIGNED TO ENHANCE THE EDUCATIONAL OPPORTUNITIES WITHIN WETHERSFIELD COMMUNITY UNIT SCHOOL DISTRICT NO 230.

Program Service Accomplishments

Program 1

Expenses: $46,000

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ISSUE GRANTS AND SCHOLARSHIPS TO AND FOR THE BENEFIT OF WETHERSFIELD COMMUNITY UNIT SCHOOL DISTRICT NO 230.

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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 $40,155

Program Service Revenue $0

Investment Income $12,668

Other Revenue $0

TOTAL REVENUE $52,823

Expense Breakdown

Grants Paid $46,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,000

Other Expenses $128

TOTAL EXPENSES $46,128

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,823	$114,267	-0.5%
Expenses	$46,128	$33,634	+0.4%
Net Income	$6,695	$80,633	-0.9%

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
CHIP EASTMAN	TRUSTEE	N/A	Director	$0	$0	$0
SHANE KAZUBOWSKI	ASSIST VICE	N/A	Officer Director	$0	$0	$0
JON LOONEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
ANGIE RYAN	SECRETARY	N/A	Officer Director	$0	$0	$0
MELISSA SMITH	TREASURER	N/A	Officer Director	$0	$0	$0
APRIL TAYLOR	TRUSTEE	N/A	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
2025	No data	No data	No data	No data
2024	$52,823	$46,128	$562,955	$6,695
2023	$114,267	$33,634	$556,260	$80,633
2022	$157,135	$68,050	$475,627	$89,085
2021	$66,045	$80,948	$386,542	$-14,903
2020	$86,131	$76,856	$401,445	$9,275
2019	$28,731	$23,462	$392,170	$5,269