CONNECTICUT RIVER DEVELOPMENT CORP (EIN 030312462) - 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

1981

Legal Domicile

Principal Officer

ROBERT HAIGHT

Phone

8026749202

Tax Period

2018-07-01 to 2019-06-30

CONNECTICUT RIVER DEVELOPMENT CORP, founded in 1981, is a small nonprofit that reported $294K in total revenue in fiscal year 2018. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $1.4M represent 57 months of operating reserves.

Mission

FOSTER & FACILITATE ECONOMIC DEVELOPMENT

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $294,401

Investment Income $3

Other Revenue $0

TOTAL REVENUE $294,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,382

Fundraising Expenses $0

Program Expenses $298,688

Other Expenses $252,685

TOTAL EXPENSES $304,067

Year-over-Year Comparison

	2018	2017	Change
Revenue	$294,404	$235,179	+0.3%
Expenses	$304,067	$261,312	+0.2%
Net Income	$-9,663	$-26,133	-0.6%

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

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

$6,621

Total Directors

$6,621

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HAIGHT	President	1.00	Director	$0	$0	$0
NEIL DANIELS	Vice President	1.00	Director	$0	$0	$0
LESLIE LEVER	Director	1.00	Director	$0	$0	$0
MICHAEL KNORAS	Secretary	1.00	Director	$0	$0	$0
CHERYL DICKENSON	Executive Dir.	5.00	Officer Director	$6,621	$0	$6,621

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
2019	$294,404	$304,067	$1,497,843	$-9,663

CONNECTICUT RIVER DEVELOPMENT CORP