BAGS FOUNDATION CT INC (EIN 472267166) - 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

2014

Legal Domicile

Principal Officer

NAKIA REDDICK

Phone

2035931182

Tax Period

2023-07-01 to 2024-06-30

BAGS FOUNDATION CT INC, founded in 2014, is a community nonprofit in the Youth Development sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $396K, a strong 15% operating margin.

Mission

THE ORGANIZATION OPERATES AFTER SCHOOL PROGRAMS AND SUMMER PROGRAMS FOR LOW INCOME INNER CITY YOUTH IN WATERBURY CT.

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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 $2,403,976

Program Service Revenue $0

Investment Income $0

Other Revenue $210,072

TOTAL REVENUE $2,614,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,621,952

Fundraising Expenses $0

Program Expenses $1,408,522

Other Expenses $596,478

TOTAL EXPENSES $2,218,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,614,048	$1,984,615	+0.3%
Expenses	$2,218,430	$1,951,269	+0.1%
Net Income	$395,618	$33,346	+10.9%

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

N/A

Employees

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

$318,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAKIA REDDICK	EXECUTIVE DI	25.00	Officer	$318,692	$0	$318,692
JOSEPH BANNON	BOARD MEMBER	10.00	Director	$0	$0	$0
JESSICA DIBATTISTA	BOARD MEMBER	10.00	Director	$0	$0	$0
VICTOR LOPEZ	BOARD MEMBER	10.00	Director	$0	$0	$0
JANET SEARLESS	BOARD CHAIR	10.00	Director	$0	$0	$0
BRITTANY WILKES	BOARD SECRET	10.00	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
2025	No data	No data	No data	No data
2024	$2,614,048	$2,218,430	$1,531,179	$395,618
2022	$1,209,126	$1,170,171	$137,983	$38,955
2021	$726,215	$737,811	$131,943	$-11,596

BAGS FOUNDATION CT INC