BUSINESS INDUSTRY FOUNDATION OF WE… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MAURA RUBY

Phone

2037435565

Tax Period

2023-10-01 to 2024-09-30

BUSINESS INDUSTRY FOUNDATION OF WESTERN CONNECTICUT INC, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $38K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTER OF PUBLIC CONCERN, JOB TRAINING, AND ECONOMIC DEVELOPMENT AND PLANNING.

Program Service Accomplishments

Program 1

Expenses: $35,942

PROGRAMS TO SUPPORT GREATER DANBURY AREA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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 $37,697

TOTAL REVENUE $37,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,942

Other Expenses $38,142

TOTAL EXPENSES $38,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,697	$56,971	-0.3%
Expenses	$38,142	$46,965	-0.2%
Net Income	$-445	$10,006	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN MORGADO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DOUG POLISTENA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANTHONY CIRONE	TREASURER	1.00	Officer Director	$0	$0	$0
TODD INGERSOLL	SECRETARY	1.00	Officer Director	$0	$0	$0
HARRY CAREY	DIRECTOR	1.00	Officer Director	$0	$0	$0
ERIN BYRNE	DIRECTOR	1.00	Director	$0	$0	$0
PAULA BOA SOUSA	DIRECTOR	1.00	Director	$0	$0	$0
DAN SOUSA	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH DASILVA JR	DIRECTOR	1.00	Director	$0	$0	$0
CHELEN REYES	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN GIBNEY	DIRECTOR	1.00	Director	$0	$0	$0
HAL KURFEHS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LEVINE	DIRECTOR	1.00	Director	$0	$0	$0
RICHIE REYES	DIRECTOR	1.00	Director	$0	$0	$0
GREG STEINER	DIRECTOR	1.00	Director	$0	$0	$0
THAMER RUSHAIDAT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
ROSS RIZZO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CURRAN	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	$37,697	$38,142	$81,258	$-445
2023	$56,971	$46,965	$120,459	$10,006
2022	$57,420	$64,513	$78,536	$-7,093
2021	$50,444	$56,826	$72,314	$-6,382
2020	$56,073	$69,146	$41,855	$-13,073
2019	$59,162	$55,718	$26,368	$3,444
2018	$4,657	$4,442	$23,044	$215

BUSINESS INDUSTRY FOUNDATION OF WESTERN CONNECTICUT INC