BRIDGEWATER AREA COMMUNITY FOUNDAT… - Form 990 Financial Data

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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

BRIAN BONTRAGER

Phone

8023960065

Tax Period

2020-01-01 to 2020-12-31

BRIDGEWATER AREA COMMUNITY FOUNDATION INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $239K in total revenue in fiscal year 2020. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $163K, a strong 68% operating margin.

Mission

TO PROVIDE A VIBRANT CENTER WHERE THE PEOPLE OF BRIDGEWATER AND THE SURROUNDING TOWNS CAN GATHER AS PART OF A CARING, DIVERSE COMMUNITY OF PEOPLE FROM ALL AGES AND WALKS OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $7,420

THE FOUNDATION FOSTERS EDUCATION, ARTISTRY, COMMERCE, HEALTH AND WELLNESS, PERSONAL GROWTH AND CONNECTION. IT STRIVES TO MEET THE BASIC NEEDS OF ALL CITIZENS IN A RESILIENT SPACE THAT WILL CONTINUE TO SERVE, AND FUNCTION, WHEN IT IS NEEDED THE MOST. DURING 2019 THE FOUNDATION HAS BEGUN RAISING FUNDS TO RENOVATE THE FORMER BRIDGEWATER VILLAGE SCHOOL BUILDING AND CONVERT IT INTO THE BRIDGEWATER COMMUNITY CENTER. THE COMMUNITY CENTER WILL HOUSE A CHILD CARE CENTER AS WELL AS OTHER COMMUNITY INITIATIVES - SENIOR PROGRAMMING, CULUTURAL ARTS, LIFE SKILLS AND ENRICHEMNT OPPORTUNITIES, HEALTH AND WELLNESS INITIATIVES, TOWN MEETING SITE AND WILL SERVE AS A TOWN EMEMERGENCY SHELTER.

Program 2

Expenses: $31,188

THE BRIDGEWATER AREA COMMUNITY FOUNDATION, INC. IS CURRENTLY NEARING THE END OF PHASE ONE OF CREATING A CHILD CARE CENTER WITHIN THE BRIDGEWATER COMMUNITY CENTER BUILDING. THE CENTER WILL INCREASE...

THE BRIDGEWATER AREA COMMUNITY FOUNDATION, INC. IS CURRENTLY NEARING THE END OF PHASE ONE OF CREATING A CHILD CARE CENTER WITHIN THE BRIDGEWATER COMMUNITY CENTER BUILDING. THE CENTER WILL INCREASE LICENSED CARE IN THE COMMUNITY BY 100%. THE GOAL IS TO BECOME A 5-STAR PROGRAM SERVING INFANTS AND TODDLERS TO START, THEN ADDING PRESCHOOLERS DURING PHASE TWO. PHASE ONE BEGAN IN 2019 THROUGH FUNDRAISING IN ORDER TO BEGIN RENTING AND OUTFITTING A CLASSROOM FOR 14 INFANTS AND TODDLERS, AS WELL AS MAKING A FORMER ELEMENTARY SCHOOL PLAYGROUND DEVELOPMENTALLY APPROPRIATE FOR INFANTS AND TODDLERS. THE GOALS IS TO COMPLETE RENOVATIONS, LICENSING REQUIREMENTS AND HIRING TO OPEN THE CENTER BY JANUARY 2022.

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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 (2020)

Revenue Breakdown

Contributions & Grants $237,430

Program Service Revenue $0

Investment Income $1,231

Other Revenue $0

TOTAL REVENUE $238,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,111

Fundraising Expenses $2,528

Program Expenses $38,608

Other Expenses $65,904

TOTAL EXPENSES $76,015

Year-over-Year Comparison

	2020	2019	Change
Revenue	$238,661	$267,070	-0.1%
Expenses	$76,015	$63,216	+0.2%
Net Income	$162,646	$203,854	-0.2%

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

$9,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN BONTRAGER	CHAIR	2.00	Officer Director	$0	$0	$0
HANK SMITH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JONI KENNEDY	SECRETARY	4.00	Officer Director	$0	$0	$0
VICTORIA YOUNG	TREASURER	4.00	Officer Director	$0	$0	$0
MICHAEL CADUTO	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN DOLAN	DIRECTOR	1.00	Director	$0	$0	$0
COLLEN DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE HOUGH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES SHACKLETON	DIRECTOR	1.00	Director	$0	$0	$0
DALENE WASHBURN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SPEAR	EXECUTIVE DI	16.00	Officer	$9,063	$0	$9,063

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
2022	No data	No data	No data	No data
2020	$238,661	$76,015	$366,671	$162,646
2019	$267,070	$63,216	$204,138	$203,854

BRIDGEWATER AREA COMMUNITY FOUNDATION INC