Westbrook Foundation Inc
Westbrook Foundation: Declining Revenue, Strong Asset Base, and Low Overhead
EIN: 222549826 · Westbrook, CT · NTEE: Z99Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $546K |
| Program Spending | 80% |
| Net Assets | $8.9M |
| Transparency Score | 75/100 |
Is Westbrook Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westbrook Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westbrook Foundation Inc
Westbrook Foundation Inc (EIN: 222549826) is a nonprofit organization based in Westbrook, CT, classified under NTEE code Z99Z. The organization reported total revenue of $2.8M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westbrook Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westbrook Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $439K |
| Total Expenses | $546K |
| Surplus / Deficit | $-106,598 |
| Total Assets | $8.9M |
| Total Liabilities | $1 |
| Net Assets | $8.9M |
| Operating Margin | -24.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 195.6 months |
Financial Health Grade: B
In 2023, Westbrook Foundation Inc reported a deficit of $107K with expenses exceeding revenue, holds 195.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Westbrook Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.2% | -20.7% | -1.1% |
| 2022 | -50.8% | +6.4% | +0.6% |
| 2021 | -0.6% | +11.6% | +10.4% |
| 2020 | +117.2% | +31.7% | +12.8% |
| 2019 | -66.6% | +51.3% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Westbrook Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Westbrook Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $107K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is unusual and requires clarification to ensure transparency regarding leadership remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Westbrook Foundation Inc's IRS 990 filings:
- Consistent reporting of 0% executive compensation raises questions about the true cost of leadership and potential underreporting.
- Significant decline in revenue from $1,492,658 in 2021 to $439,217 in 2023 without a corresponding decrease in expenses could indicate operational inefficiencies or a shift in funding strategy.
Strengths
The following positive indicators were identified for Westbrook Foundation Inc:
- Strong and consistent growth in assets from $4,979,809 in 2016 to $8,898,965 in 2023 demonstrates robust financial stewardship.
- Low administrative and fundraising expenses, implied by the asset growth and stable expenses despite revenue decline, suggest efficient operations.
Frequently Asked Questions about Westbrook Foundation Inc
Is Westbrook Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westbrook Foundation Inc (EIN: 222549826) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Westbrook Foundation Inc spend its money?
Westbrook Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westbrook Foundation Inc tax-deductible?
Westbrook Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222549826). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Westbrook Foundation Inc's spending goes to programs?
Westbrook Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Westbrook Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Westbrook Foundation Inc is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Westbrook Foundation Inc located?
Westbrook Foundation Inc is headquartered in Westbrook, Connecticut and files with the IRS under EIN 222549826. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Westbrook Foundation Inc have?
Westbrook Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
What does Westbrook Foundation Inc do?
Westbrook Foundation Inc is a nonprofit organization in the Unknown sector, located in Westbrook, Connecticut. It is classified under NTEE code Z99Z.
How much revenue does Westbrook Foundation Inc have?
Westbrook Foundation Inc reported total revenue of $2,758,074. Based on 13 IRS 990 filings on record.
What are Westbrook Foundation Inc's total assets?
Westbrook Foundation Inc holds total assets of $9,224,287 as reported in IRS 990 filings.
Where is Westbrook Foundation Inc located?
Westbrook Foundation Inc is based in Westbrook, Connecticut.
What is Westbrook Foundation Inc's EIN?
Westbrook Foundation Inc's Employer Identification Number (EIN) is 222549826. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Westbrook Foundation Inc?
Westbrook Foundation Inc is classified under NTEE code Z99Z (Unknown).
Is Westbrook Foundation Inc a registered 501(c)(3)?
Yes, Westbrook Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222549826.
Does Westbrook Foundation Inc file IRS Form 990?
Yes, Westbrook Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Westbrook Foundation Inc's revenue in 2023?
In the 202312 filing period, Westbrook Foundation Inc reported total revenue of $439,217, total expenses of $545,815, and net assets of $8,898,965.
Is Westbrook Foundation Inc's revenue growing or declining?
Westbrook Foundation Inc's revenue is declining. Revenue went from $734,378 (202212) to $439,217 (202312), a -40.2% change. Based on 13 filings on record.
What is Westbrook Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Westbrook Foundation Inc covers tax period 202312. It shows revenue of $439,217, expenses of $545,815, total assets of $8,898,965, and liabilities of $1.
How much does Westbrook Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Westbrook Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Westbrook Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Westbrook Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Westbrook Foundation Inc?
The following concerns were identified: Consistent reporting of 0% executive compensation raises questions about the true cost of leadership and potential underreporting.. Significant decline in revenue from $1,492,658 in 2021 to $439,217 in 2023 without a corresponding decrease in expenses could indicate operational inefficiencies or a shift in funding strategy.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Westbrook Foundation Inc's strengths?
Positive indicators for Westbrook Foundation Inc include: Strong and consistent growth in assets from $4,979,809 in 2016 to $8,898,965 in 2023 demonstrates robust financial stewardship.. Low administrative and fundraising expenses, implied by the asset growth and stable expenses despite revenue decline, suggest efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Westbrook Foundation Inc compensate executives?
Executive compensation is reported as 0% across all available filings, which is unusual and requires clarification to ensure transparency regarding leadership remuneration. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% executive compensation reported, how does the Westbrook Foundation compensate its leadership, and what is the actual financial outlay for executive roles?
The filings consistently show 'c0%' for compensation, which is highly unusual for an organization of this size and asset base. This suggests either pro-bono leadership, compensation through other means not captured in this field, or an oversight in reporting. Further inquiry into their IRS Form 990 would be necessary to understand the full compensation structure.
What is the strategic plan to address the significant and consistent decline in revenue observed from 2021 to 2023, and how will this impact future program delivery?
The revenue dropped from $1,492,658 in 2021 to $439,217 in 2023. While assets have grown, this revenue trend is concerning. The organization needs to articulate its strategy for revenue generation to sustain its mission and program delivery, especially if expenses remain stable or increase.
Filing History
IRS 990 filing history for Westbrook Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westbrook Foundation Inc's revenue has grown by 81.8%, moving from $242K to $439K. Total assets increased by 124.1% over the same period, from $4.0M to $8.9M. Total functional expenses rose by 181.9%, from $194K to $546K. In its most recent filing year (2023), Westbrook Foundation Inc reported a deficit of $107K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $439K | $546K | $8.9M | $1 | — | — |
| 2022 | $734K | $688K | $9.0M | $1 | — | View 990 |
| 2021 | $1.5M | $647K | $8.9M | $1 | — | View 990 |
| 2020 | $1.5M | $579K | $8.1M | $1 | — | — |
| 2019 | $691K | $440K | $7.2M | $1 | — | View 990 |
| 2018 | $2.1M | $291K | $6.9M | $0 | — | View 990 |
| 2017 | $548K | $375K | $5.2M | $0 | — | View 990 |
| 2016 | $350K | $283K | $5.0M | $0 | — | View 990 |
| 2015 | $218K | $367K | $4.9M | $0 | — | View 990 |
| 2014 | $1.0M | $213K | $5.1M | $0 | — | View 990 |
| 2013 | $448K | $212K | $4.3M | $0 | — | View 990 |
| 2012 | $278K | $230K | $4.0M | $0 | — | View 990 |
| 2011 | $242K | $194K | $4.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $439K, expenses of $546K, and assets of $8.9M (revenue -40.2% year-over-year).
- 2022: Revenue of $734K, expenses of $688K, and assets of $9.0M (revenue -50.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $647K, and assets of $8.9M (revenue -0.6% year-over-year).
- 2020: Revenue of $1.5M, expenses of $579K, and assets of $8.1M (revenue +117.2% year-over-year).
- 2019: Revenue of $691K, expenses of $440K, and assets of $7.2M (revenue -66.6% year-over-year).
- 2018: Revenue of $2.1M, expenses of $291K, and assets of $6.9M (revenue +277.4% year-over-year).
- 2017: Revenue of $548K, expenses of $375K, and assets of $5.2M (revenue +56.5% year-over-year).
- 2016: Revenue of $350K, expenses of $283K, and assets of $5.0M (revenue +60.9% year-over-year).
- 2015: Revenue of $218K, expenses of $367K, and assets of $4.9M (revenue -78.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $213K, and assets of $5.1M (revenue +127.8% year-over-year).
- 2013: Revenue of $448K, expenses of $212K, and assets of $4.3M (revenue +60.8% year-over-year).
- 2012: Revenue of $278K, expenses of $230K, and assets of $4.0M (revenue +15.2% year-over-year).
- 2011: Revenue of $242K, expenses of $194K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westbrook Foundation Inc:
Data Sources and Methodology
This transparency report for Westbrook Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.