WATERBURY, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WATERBURY PROMISE INC, founded in 2021, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $1.1M, a strong 47% operating margin.
WATERBURY PROMISE, INC. IS A CONNECTICUT CHARITABLE ORGANIZATION DEDICATED TO INCREASING COLLEGE ASPIRATIONS, REDUCING FINANCIAL BARRIERS AND INSPIRING EVERY WATERBURY STUDENT TOWARD POST-SECONDARY EDUCATION AND COMPLETION. THE PROGRAM'S COMPREHENSIVE COLLEGE ACCESS, SUCCESS AND CAREER READINESS MODEL IS CENTERED ON A GENEROUS LAST-DOLLAR SCHOLARSHIP DESIGNED TO BRIDGE THE FINANCIAL GAP AFTER ALL INDIVIDUAL GRANTS, FINANCIAL AID, AND OTHER SCHOLARSHIPS HAVE BEEN APPLIED. EQUALLY IMPORTANT, ARE THE WRAP-AROUND SUPPORT SERVICES AND RESOURCES PROVIDED TO ENSURE STUDENTS PERSIST TO GRADUATION, ARE CAREER READY, AND EARN A LIFE-CHANGING DEGREE. THIS HOLISTIC MODEL FOCUSES ON BREAKING DOWN ALL BARRIERS (FINANCIAL, ACADEMIC, SOCIAL-EMOTIONAL, ETC.) TO POST-SECONDARY EDUCATION AND COMPLETION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,350,758 | $2,674,017 | -0.1% |
| Expenses | $1,247,624 | $793,439 | +0.6% |
| Net Income | $1,103,134 | $1,880,578 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PAUL K PERNEREWSKI JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DARREN SCHWARTZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KELONDA MAULL | EXECUTIVE DIRECTOR | 40.00 |
Director
|
$0 | $17,980 | $163,285 |
| ADRIENNE PARKMOND | BOARD CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN HARVEY | BOARD VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVEN E SCHNEIDER | BOARD VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SEAN MOSLEY | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEEANN NEAL | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAURICE B MOSLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NEIL M O'LEARY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARCIA TEJEDA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSH CAREY | ADVISORY, NON-VOTING MEMBE | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA D WILSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HEDY AYERS | DIRECTOR OF DEVELOPMENT & | 40.00 |
Highest
|
$0 | $6,808 | $130,956 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,350,758 | $1,247,624 | $7,185,761 | $1,103,134 |
| 2024 | $2,674,017 | $793,439 | $6,084,894 | $1,880,578 |
| 2022 | No data | No data | No data | No data |
Compare WATERBURY PROMISE INC with other nonprofits in Connecticut and across the country.