REACH Western CT Inc (EIN 460849304) - 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

2012

Legal Domicile

Principal Officer

Joan Laucius

Phone

2036105607

Tax Period

2023-07-01 to 2024-06-30

REACH Western CT Inc, founded in 2012, is a small nonprofit in the Education sector that reported $440K in total revenue in fiscal year 2023. Expenses of $571K exceeded revenue, resulting in a 30% operating deficit.

Mission

Connecting kids and building relationships that change lives.

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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 $435,874

Program Service Revenue $0

Investment Income $1,124

Other Revenue $2,657

TOTAL REVENUE $439,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $307,912

Fundraising Expenses $90,023

Program Expenses $412,320

Other Expenses $263,488

TOTAL EXPENSES $571,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,655	$416,532	+0.1%
Expenses	$571,400	$339,369	+0.7%
Net Income	$-131,745	$77,163	-2.7%

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

Volunteers

120

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

$120,726

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luke Forshaw	Board President	5.00	Officer Director	$0	$0	$0
Andrew Schoefer	Board Secretary	4.00	Officer Director	$0	$0	$0
Eric Hanson	Board Member	5.00	Director	$0	$0	$0
Joseph Vacaro	Board Member	5.00	Director	$0	$0	$0
Adam Carley	Executive Director	40.00	Officer	$120,726	$0	$120,726

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	$439,655	$571,400	$203,452	$-131,745
2023	$416,532	$339,369	$360,803	$77,163
2022	$656,635	$639,971	$279,563	$16,664
2020	$504,478	$463,846	$76,266	$40,632
2019	$408,139	$412,177	$16,483	$-4,038
2018	$335,912	$341,314	$18,504	$-5,402

REACH Western CT Inc