Westport Education Foundation Inc (EIN 842989332) - 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

2019

Legal Domicile

Principal Officer

Carol Bonnar

Tax Period

2023-07-01 to 2024-06-30

Westport Education Foundation Inc, founded in 2019, is a micro nonprofit in the Education sector that reported $39K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $34K left a modest 14% surplus.

Mission

Westport Education Foundations exempt purpose is charitable andeducational. Specifically, WEF works to advance education through itsgrant-making program in support of projects conducted in Westport schools.

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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 $32,181

Program Service Revenue $0

Investment Income $7,204

Other Revenue $0

TOTAL REVENUE $39,385

Expense Breakdown

Grants Paid $4,619

Salaries & Benefits $0

Fundraising Expenses $5,678

Program Expenses $26,268

Other Expenses $29,359

TOTAL EXPENSES $33,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,385	$31,496	+0.3%
Expenses	$33,978	$40,556	-0.2%
Net Income	$5,407	$-9,060	-1.6%

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

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	Role	Reportable Comp	Other Comp	Total
Gina Palmer	Director	Director	$0	$0	$0
Marilyn Packard-Luther	Director	Director	$0	$0	$0
Nancy Tavares	Director	Director	$0	$0	$0
Tracy Priesner	Director	Director	$0	$0	$0
Kathy Gillet	Director	Director	$0	$0	$0
Carol Bonnar	President	Officer Director	$0	$0	$0
Cheryl Carvalho	Secretary	Officer Director	$0	$0	$0
Tanya Quinlan	Treasurer	Officer 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	$39,385	$33,978	$166,816	$5,407
2023	$31,496	$40,556	$156,664	$-9,060
2022	$35,215	$21,656	$159,241	$13,559
2021	$54,392	$12,572	$157,736	$41,820
2020	$57,707	$29,033	$111,908	$28,674

Westport Education Foundation Inc