NORWALK ACTS INC

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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

2018

Legal Domicile

Principal Officer

JENNIFER D BARAHONA

Phone

2039560700

Tax Period

2023-07-01 to 2024-06-30

NORWALK ACTS INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 13% surplus.

Mission

TO COLLECTIVELY TRANSFORM SYSTEMS BY ENSURING RESOURCES, POLICIES, PRACTICES, AND POWER STRUCTURES ACTIVELY DISMANTLE RACISM AND DRIVE EQUITABLE OUTCOMES FOR EVERY NORWALK CHILD AND YOUNG PERSON.

Program Service Accomplishments

Program 1

Expenses: $1,223,801 Revenue: $66,173

THE ORGANIZATION CONNECTS PEOPLE, ORGANIZATIONS, AND SYSTEMS THROUGHOUT NORWALK TO ALIGN EFFORTS AND WORK IN PARTNERSHIP TO COORDINATE IMPROVEMENTS AT EVERY DEVELOPMENTAL STAGE SO THAT CHILDREN ARE ON TRACK ACADEMICALLY, PHYSICALLY, AND SOCIALLY-EMOTIONALLY, FROM CRADLE TO CAREER. OUR WORK IS FOCUSED IN THREE DISTINCT AREAS - EARLY CHILDHOOD DEVELOPMENT, SOCIAL-EMOTIONAL HEALTH, AND COLLEGE & WORKFORCE DEVELOPMENT. THE ORGANIZATION BUILDS AND MAINTAINS A COLLECTIVE IMPACT MEMBERSHIP WHICH INCLUDES; ENGAGING INDIVIDUALS, GROUPS, AND LEADERS, COLLECTING AND ANALYZING DATA, MANAGING COMMUNICATION, FACILITATING MEETINGS, COORDINATING ALIGNMENT OF SERVICES, BUILDING ACCOUNTABILITY STRUCTURES, ASSERTING INFLUENCE TO ACCOMPLISH THE GOALS OF THE PARTNERSHIP, ADVOCATING FOR RESOURCES, AND BUILDING A DATA INFORMED CULTURE WITHIN THE MEMBERSHIP TO DRIVE DECISION MAKING AND RESOURCE ALLOCATION.

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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 $1,496,241

Program Service Revenue $66,173

Investment Income $24,302

Other Revenue $0

TOTAL REVENUE $1,586,716

Expense Breakdown

Grants Paid $124,500

Salaries & Benefits $1,026,694

Fundraising Expenses $25,322

Program Expenses $1,223,801

Other Expenses $222,035

TOTAL EXPENSES $1,373,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,586,716	$1,152,494	+0.4%
Expenses	$1,373,229	$1,267,413	+0.1%
Net Income	$213,487	$-114,919	-2.9%

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

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

$180,095

Total Directors