FABNEWPORT (EIN 463237048) - 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

2015

Legal Domicile

Principal Officer

ALLISON INGALSBE

Phone

4014390160

Tax Period

2023-01-01 to 2023-12-31

FABNEWPORT, founded in 2015, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ENSURE YOUTH HAVE EQUITABLE ACCESS TO THE OPPORTUNITIES, RESOURCES, AND RELATIONSHIPS SO THEY CAN THRIVE TODAY AND IN THE FUTURE.

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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 $651,318

Program Service Revenue $367,080

Investment Income $7,913

Other Revenue $47,928

TOTAL REVENUE $1,074,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $772,871

Fundraising Expenses $79,966

Program Expenses $973,646

Other Expenses $428,739

TOTAL EXPENSES $1,201,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,074,239	$1,180,808	-0.1%
Expenses	$1,201,610	$1,310,349	-0.1%
Net Income	$-127,371	$-129,541	0.0%

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

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

$77,048

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN HEATH	EXECUTIVE DIRECTOR	40.00	Key Emp	$77,048	$0	$77,048
MATTHEW PETERSON	SECRETARY	1.00	Director	$0	$0	$0
NICHOLAS LOGLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SEMONELLI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHAN SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH RANALDI	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM WYNNE	VICE CHAIR	1.00	Director	$0	$0	$0
ALLISON INGALSBE	CHAIR	1.00	Director	$0	$0	$0
ALIN BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
BEN DUCAS	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	$1,074,239	$1,201,610	$578,841	$-127,371
2022	$1,180,808	$1,310,349	$708,893	$-129,541
2021	$1,530,716	$1,126,922	$805,623	$403,794
2020	$1,054,508	$918,652	$402,255	$135,856
2019	$884,859	$854,192	$263,186	$30,667
2018	$803,955	$663,291	$232,519	$140,664

FABNEWPORT