NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION (EIN 273540138) - 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

2010

Legal Domicile

Principal Officer

MR WILLIAM RYBCZYK

Phone

2035759799

Tax Period

2023-11-01 to 2024-10-31

Mission

TO ENGAGE IN ECONOMIC DEVELOPMENT IN GEOGRAPHIC AREAS THAT ARE ECONOMICALLY DEPRIVED OR DETERIORATING WITHIN THE STATE OF CONNECTICUT.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,575

Other Expenses $38,575

TOTAL EXPENSES $38,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$38,575	$33,126	+0.2%
Net Income	N/A	$-33,126	N/A

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

$576,017

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RYBCZYK	PRESIDENT	1.00	Officer	$0	$14,477	$281,525
MARK E KOVITCH	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$29,400	$177,805
OMAR ANDUJOR	CHIEF ADMINISTRATIVE OFFIC	1.00	Officer	$0	$518	$116,687
MELISSA GREEN	CHAIRPERSON	0.75	Officer Director	$0	$0	$0
BELINDA WEAVER	VICE CHAIRPERSON	0.75	Officer Director	$0	$0	$0
VICTOR LOPEZ	TREASURER	0.75	Officer Director	$0	$0	$0
MARITZA RIVERA	SECRETARY	0.75	Officer 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	$38,575	$993,977	No data
2023	No data	$33,126	$993,939	No data
2022	$500	$31,971	$994,004	$-31,471
2021	No data	$31,481	$993,946	No data
2020	No data	$22,297	$994,137	No data
2019	No data	$17,140	$990,810	No data
2018	$9,400	$30,867	$990,734	$-21,467

NEW OPPORTUNITIES ECONOMIC DEVELOPMENT CORPORATION