ACHIEVEMENT FIRST BRIDGEPORT ACADE… - Form 990 Financial Data

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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

RAJEEV LAKRA

Phone

2037733223

Tax Period

2023-07-01 to 2024-06-30

ACHIEVEMENT FIRST BRIDGEPORT ACADEMY INC C/O ACHIEVEMENT FIRST INC, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $18.3M in total revenue in fiscal year 2023. Expenses of $17.6M left a modest 3% surplus.

Mission

THE MISSION OF ACHIEVEMENT FIRST BRIDGEPORT ACADEMY, INC. IS TO STRENGTHEN THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP-TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOL SERVES STUDENTS FROM LOW-INCOME HOUSEHOLDS IN BRIDGEPORT, CONNECTICUT. THE SCHOOL OPERATED CLASSES FOR STUDENTS KINDERGARTEN THROUGH TWELFTH GRADE.

Program Service Accomplishments

Program 1

Expenses: $15,320,965 Revenue: $14,112,166

ACADEMIC PROGRAMS FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.

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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 $3,869,620

Program Service Revenue $14,107,852

Investment Income $288,648

Other Revenue $4,314

TOTAL REVENUE $18,270,434

Expense Breakdown

Grants Paid $1,100

Salaries & Benefits $9,665,805

Fundraising Expenses $26,000

Program Expenses $15,320,965

Other Expenses $7,968,267

TOTAL EXPENSES $17,635,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,270,434	$17,481,213	+0.0%
Expenses	$17,635,172	$16,962,114	+0.0%
Net Income	$635,262	$519,099	+0.2%

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

186

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

$82,229

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEWEY LOSELLE	TREASURER	1.00	Officer Director	$0	$0	$0
EBRIMA JOBE	DIRECTOR	1.00	Director	$0	$0	$0
KELIA LANHAM	PARENT REP	1.00	Director	$0	$0	$0
MARLENE MACAUDA	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL STRAMBLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAJEEV LAKRA	CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD KALT	DIRECTOR	1.00	Director	$0	$0	$0
RO-ANNE THOMAS	TEACHER REP	40.00	Director	$68,289	$13,940	$82,229
RUBEN FELIPE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA FISHER	DIRECTOR OF SCHOOL OPERATIONS	40.00	Highest	$116,691	$2,500	$119,191
SEAN N REYNOLDS	DEAN OF STUDENTS	40.00	Highest	$108,329	$13,059	$121,388
SHALIA GARNETT	PRINCIPAL	40.00	Highest	$145,614	$13,811	$159,425
STEPHANIE FOX TUNIS	PRINCIPAL	40.00	Highest	$155,528	$15,711	$171,239
TERESA DULANY VAN VLIERDEN	TEACHER	40.00	Highest	$108,654	$287	$108,941

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	$18,270,434	$17,635,172	$15,423,456	$635,262
2023	$17,481,213	$16,962,114	$12,444,966	$519,099
2022	$17,439,227	$17,486,076	$15,318,439	$-46,849
2021	$16,509,487	$15,402,194	$13,758,067	$1,107,293
2020	$14,188,898	$15,392,159	$11,507,027	$-1,203,261
2019	$16,551,003	$15,776,135	$10,404,105	$774,868
2018	$15,837,304	$15,255,667	$10,814,955	$581,637

ACHIEVEMENT FIRST BRIDGEPORT ACADEMY INC C/O ACHIEVEMENT FIRST INC