ADVANCECT FOUNDATION INC (EIN 844530545) - 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

2020

Legal Domicile

Principal Officer

JOHN W BOURDEAUX

Phone

8605717136

Tax Period

2024-01-01 to 2024-12-31

ADVANCECT FOUNDATION INC, founded in 2020, is a micro nonprofit in the Community Improvement sector that reported $53K in total revenue in fiscal year 2024. The organization ran a surplus of $51K, a strong 96% operating margin.

Mission

ADVANCECT FOUNDATION ADDRESSES ECONOMIC INEQUALITY IN CONNECTICUT THROUGH FUNDING WORKFORCE DEVELOPMENT AND SKILLS TRAINING, PARTICULARLY TARGETING DISTRESSED COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $0

Investment Income $2,816

Other Revenue $0

TOTAL REVENUE $52,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,065

TOTAL EXPENSES $2,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,816	$51,005	+0.0%
Expenses	$2,065	$43,855	-1.0%
Net Income	$50,751	$7,150	+6.1%

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

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

$304,386

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
MARGARET KEANE	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD KENDALL JR	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER DENIOUS	CEO	1.00	Officer	$0	$0	$0
JOHN W BOURDEAUX	PRESIDENT	1.00	Officer	$0	$24,386	$304,386

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	$52,816	$2,065	$183,433	$50,751
2023	$51,005	$43,855	$132,682	$7,150
2022	$73,500	$69,429	$125,532	$4,071
2021	$50,000	$75	$121,536	$49,925
2020	$1,005,500	$933,964	$71,536	$71,536

ADVANCECT FOUNDATION INC