CONNECTICUT STATE EMPLOYEES ASSOCIATION (EIN 060305224) - 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

1941

Legal Domicile

Principal Officer

DAVID GLIDDEN

Phone

8609516614

Tax Period

2023-07-01 to 2024-06-30

CONNECTICUT STATE EMPLOYEES ASSOCIATION, founded in 1941, is a community nonprofit in the Public & Societal Benefit sector that reported $6.1M in total revenue in fiscal year 2023. Expenses of $5.7M left a modest 6% surplus.

Mission

TO UNITE EMPLOYEES AND RETIREES OF THE STATE OF CONNECTICUT, MUNICIPALITIES AND PRIVATE SECTOR FOR MUTUAL WELFARE, PROTECTION AND ADVANCEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,786

Program Service Revenue $5,997,588

Investment Income $21,223

Other Revenue $58,862

TOTAL REVENUE $6,082,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,159,553

Fundraising Expenses $0

Other Expenses $2,556,035

TOTAL EXPENSES $5,715,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,082,459	$5,760,646	+0.1%
Expenses	$5,715,588	$5,540,767	+0.0%
Net Income	$366,871	$219,879	+0.7%

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

$304,513

Total Directors

$14,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS WOODWARD	PRESIDENT	1.00	Officer Director	$7,200	$0	$7,200
BEVERLY LEE	TREASURER/SECRETARY	1.00	Officer Director	$7,200	$0	$7,200
PAMELA ARMSTRONG	ALTERNATIVE	1.00	Director	$0	$0	$0
STACEY-ANN BARRETT	ALTERNATIVE	1.00	Director	$0	$0	$0
CORINNE BERGERON	DELEGATE	1.00	Director	$0	$0	$0
JULIE CINNAMON	DELEGATE	1.00	Director	$0	$0	$0
STEPHANIE DARDEN-SMITH	DELEGATE	1.00	Director	$0	$0	$0
CHRISTOPHER DECIANTIS	ALTERNATIVE	1.00	Director	$0	$0	$0
KERRI FRADETTE	ALTERNATIVE	1.00	Director	$0	$0	$0
QUEEN FREELOVE	DELEGATE	1.00	Director	$0	$0	$0
DONALD GLADDING	DELEGATE	1.00	Director	$0	$0	$0
OSCAR GOMEZ	DELEGATE	1.00	Director	$0	$0	$0
TARA KEATON	DELEGATE	1.00	Director	$0	$0	$0
STEVEN KING	ALTERNATIVE	1.00	Director	$0	$0	$0
KATHERINE LANTIGUA	DELEGATE	1.00	Director	$0	$0	$0
JAN LAWRENCE	ALTERNATIVE	1.00	Director	$0	$0	$0
JEANNINE LEWIS	ALTERNATIVE	1.00	Director	$0	$0	$0
DAWN MCKAY	DELEGATE	1.00	Director	$0	$0	$0
JENNIFER MCLARNEY	DELEGATE	1.00	Director	$0	$0	$0
JEFFERY MONDI	ALTERNATIVE	1.00	Director	$0	$0	$0
EDNA MORLES	DELEGATE	1.00	Director	$0	$0	$0
DIANE MURPHY	DELEGATE	1.00	Director	$0	$0	$0
LAUREN MURPHY	ALTERNATIVE	1.00	Director	$0	$0	$0
MICHAEL O'BRIEN	DELEGATE	1.00	Director	$0	$0	$0
ROBERT PEREZ	DELEGATE	1.00	Director	$0	$0	$0
PATRICE PETERSON	ALTERNATIVE	1.00	Director	$0	$0	$0
SUSAN PIERSON	DELEGATE	1.00	Director	$0	$0	$0
SEBASTIAN PUGLISI	ALTERNATIVE	1.00	Director	$0	$0	$0
CYNTHIA ROSS-ZWEIG	DELEGATE	1.00	Director	$0	$0	$0
CHRISTOPHER SACCHETTI	DELEGATE	1.00	Director	$0	$0	$0
STEPHEN SAMSON	DELEGATE	1.00	Director	$0	$0	$0
TIM SEALES	DELEGATE	1.00	Director	$0	$0	$0
ANDRE SONNENBERG	DELEGATE	1.00	Director	$0	$0	$0
DEREK SUTTON	ALTERNATIVE	1.00	Director	$0	$0	$0
DAVID SYDNOR	DELEGATE	1.00	Director	$0	$0	$0
OSCAR TORRES	DELEGATE	1.00	Director	$0	$0	$0
PLACHEKI FLAK VON	DELEGATE	1.00	Director	$0	$0	$0
KENNY WASHINGTON	ALTERNATIVE	1.00	Director	$0	$0	$0
DAVID GLIDDEN	EXECUTIVE DIRECTOR	40.00	Officer	$136,635	$57,223	$193,858
JOANNE TITTARELLI	ACCOUNTANT	40.00	Officer	$56,891	$39,364	$96,255
DREW STONER	COMMUNICATIONS SPECIALIST	40.00	Highest	$147,461	$46,034	$193,495
EVA BERMUDEZ	DIRECTOR OF ORGANIZING	40.00	Highest	$127,411	$29,080	$156,491
KEVIN MERCIK	DIRECTOR OF FIELD OPERATION	40.00	Highest	$124,654	$28,279	$152,933
JASON WEBSTER	DIRECTOR OF ADMINISTRATION/IT	40.00	Highest	$117,213	$52,077	$169,290
DANIEL MEDRESS	POLITICAL DIRECTOR	40.00	Highest	$117,403	$36,024	$153,427

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	$6,082,459	$5,715,588	$4,422,570	$366,871
2023	$5,760,646	$5,540,767	$3,790,809	$219,879
2022	$6,050,727	$5,627,046	$3,446,220	$423,681
2021	$5,517,730	$5,339,842	$3,524,163	$177,888
2020	$5,104,992	$5,212,147	$2,760,135	$-107,155
2019	$5,610,305	$5,422,747	$2,768,603	$187,558

CONNECTICUT STATE EMPLOYEES ASSOCIATION