IMPROVE NORWICH NOW 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

2019

Legal Domicile

Principal Officer

JEN WESTERVELT

Phone

6073166340

Tax Period

2023-01-01 to 2023-12-31

IMPROVE NORWICH NOW INC, founded in 2019, is a small nonprofit in the Public & Societal Benefit sector that reported $204K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $117K, a strong 57% operating margin.

Mission

THIS ORGANIZATION IS EXCLUSIVELY CHARITABLE AND INTENDS TO HAVE A FOCUS ON MENTORING COMMUNITY MEMBERS. THE ORGANIZATION IS COMMITTED TO MAKING A DIFFERENCE IN ONE LIFE, ONE FAMILY, ONE SITUATION AT A TIME WITH A PARTICULAR EMPHASIS TOWARD THE COMMUNITY OF NORWICH.

Program Service Accomplishments

Program 1

Expenses: $298

FOSTERING FUTURES NEW YORK CHENANGO COUNTY (FFNYCC) IS TO SUPPORT FOSTER AND KINSHIP FAMILIES IN BUILDING BETTER FUTURES FOR CHILDREN AND YOUTH.

Program 2

Expenses: $58,429

AUNT MARY'S HOUSE IS A COMMUNITY INITIATIVE FOCUSED ON PROVIDING A SAFE HAVEN FOR PREGNANT AND PARENTING MOTHERS TO GAIN OPPORTUNITIES, RESOURCES, AND KNOWLEDGE TOWARD BECOMING SELF-SUFFICIENT.

Program 3

Expenses: $0 Revenue: $4,093

AS WE STRIVE TO IMPROVE OUR COMMUNITY BY HELPING PEOPLE REACH THEIR FULL POTENTIAL, WE ARE FOCUSED ON BREAKING THROUGH THE BARRIER OF ILLITERACY. THREE METHODS WE HAVE PUT INTO ACTION INCLUDE ONE...

AS WE STRIVE TO IMPROVE OUR COMMUNITY BY HELPING PEOPLE REACH THEIR FULL POTENTIAL, WE ARE FOCUSED ON BREAKING THROUGH THE BARRIER OF ILLITERACY. THREE METHODS WE HAVE PUT INTO ACTION INCLUDE ONE COMMUNITY, ONE BOOK, THE YMCA READING REEF, AND ALL I.N.N. FOR READING.

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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 $200,221

Program Service Revenue $4,093

Investment Income $0

Other Revenue $0

TOTAL REVENUE $204,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,752

Fundraising Expenses $0

Program Expenses $82,856

Other Expenses $15,547

TOTAL EXPENSES $87,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,314	$171,457	+0.2%
Expenses	$87,299	$113,949	-0.2%
Net Income	$117,015	$57,508	+1.0%

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JEN WESTERVELT	PRESIDENT	Officer Director	$0	$0	$0
JOHN TROTTIER	VICE PRESIDENT	Officer Director	$0	$0	$0
MACHENKA JOHNSON	TREASURER	Officer Director	$0	$0	$0
ZACHARY MESECK	SECRETARY	Officer Director	$0	$0	$0
CATHY ALBRECHT	FFCCNY COORDINATOR	Director	$0	$0	$0
MIKE GENUTE	BOARD MEMBER	Director	$0	$0	$0
KISTEN GIGLIO	BOARD MEMBER	Director	$0	$0	$0
LOIS LOPRESTI	BOARD MEMBER	Director	$0	$0	$0
BRANDON CLARKE	BOARD MEMBER	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
2023	$204,314	$87,299	$131,013	$117,015