COVENANT SCHOOL OF BRIDGEPORT INC (EIN 881026932) - 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

2022

Legal Domicile

Principal Officer

MATTHEW FITZSIMONS

Phone

2038738757

Tax Period

2022-07-01 to 2023-06-30

COVENANT SCHOOL OF BRIDGEPORT INC, founded in 2022, is a small nonprofit in the Education sector that reported $670K in total revenue in fiscal year 2022. Revenue surged 2378% from the prior year, signaling strong growth momentum. The organization ran a surplus of $570K, a strong 85% operating margin.

Mission

5TH TO 8TH GRADE TUITION-FREE SCHOOL FOR LOW INCOME BOYS WHO RESIDE IN THE CITY OF BRIDGEPORT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $655,206

Program Service Revenue $0

Investment Income $5,530

Other Revenue $9,101

TOTAL REVENUE $669,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,974

Fundraising Expenses $425

Program Expenses $98,808

Other Expenses $38,463

TOTAL EXPENSES $99,437

Year-over-Year Comparison

	2022	2021	Change
Revenue	$669,837	$27,030	+23.8%
Expenses	$99,437	$11,951	+7.3%
Net Income	$570,400	$15,079	+36.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLAWER BARDALES	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN CONSIDINE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CULLINANE	DIRECTOR	1.00	Director	$0	$0	$0
DELANDO CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH LAHR FITZSIMONS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN GUZZI MD	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MOORE	DIRECTOR	3.00	Director	$0	$0	$0
JIM O'DONNELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SANTA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SLINEY	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$669,837	$99,437	$587,243	$570,400

COVENANT SCHOOL OF BRIDGEPORT INC