CONNECTICUT NURSES' ASSOCIATION

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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

1904

Legal Domicile

Principal Officer

KIMBERLY SANDOR

Phone

2032381207

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT NURSES' ASSOCIATION, founded in 1904, is a small nonprofit in the Health Care sector that reported $448K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $504K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE CONNECTICUT NURSES ASSOCIATION SPEAKS WITH A UNIFIED VOICE FOR NURSES ACROSS ALL SPECIALTIES, IN ALL FORUMS. THE ASSOCIATION EXERTS ITS ORGANIZED INFLUENCE ON EDUCATION, LEGISLATION, AND COMPENSATION TO PROTECT AND ADVANCE THE PRACTICE OF NURSING AND THE HEALTH OF THE PUBLIC OF CONNECTICUT.

Program Service Accomplishments

Program 1

Expenses: $388,685 Revenue: $149,246

CONTINUING EDUCATION OF NURSES ON TRENDS IN NURSING , INSTRUCTION IN NURSING PRACTICE, WEEKLY CONNECTICUT NEWS FLASHES ON CURRENT NURSING ISSUES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $275,102

Program Service Revenue $142,358

Investment Income $23,662

Other Revenue $6,888

TOTAL REVENUE $448,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,316

Fundraising Expenses $0

Program Expenses $388,685

Other Expenses $238,556

TOTAL EXPENSES $503,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$448,010	$576,523	-0.2%
Expenses	$503,872	$494,725	+0.0%
Net Income	$-55,862	$81,798	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN GONCALVES	DIRECTOR	1.0	Director	$0	$0	$0
MARY KATE EANNIELLO	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
CASSANDRA ESPOSITO	PRESIDENT	1.0	Officer Director	$0	$0	$0
HAYLEY DUNNACK YACKEL	TREASURER	1.0	Officer Director	$0	$0	$0
SUSANNE YEAKEL	SECRETARY	1.0	Officer Director	$0	$0	$0
Mary Salisbury	Director	1.0	Director	$0	$0	$0
Gladys Vallespir Ellet	Director	1.0	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
2024	$448,010	$503,872	$704,297	$-55,862
2023	$576,523	$494,725	$713,857	$81,798
2022	$482,058	$502,977	$695,682	$-20,919
2021	$433,905	$357,681	$799,247	$76,224
2020	$430,010	$391,451	$714,808	$38,559
2019	$440,944	$351,644	$599,069	$89,300