Farmington, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Connecticut Bankers Association, founded in 1899, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $4.0M exceeded revenue, resulting in a 17% operating deficit.
The mission of the Connecticut Bankers Association is to represent the financial institutions in the State of Connecticut and serves as the voice of its members in matters of their common interest.The Connecticut Bankers Association shall support and promote legislative and regulatory actions at the state and federal level that benefit the general welfare of its member institutions, the banking industry and the people of the State of Connecticut.The Connecticut Bankers Association, Inc. shall encourage and facilitate the interchange of information and ideas among its members. The Association shall serve the collective needs of its members through development of educational programs and providing cost-effective services
Lobbying of legislators regarding banking laws, conventions, bank compliance symposiums, and FDIC workshops for the benefit of its members.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,471,368 | $4,012,155 | -0.1% |
| Expenses | $4,049,823 | $3,478,435 | +0.2% |
| Net Income | $-578,455 | $533,720 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Thomas S Mongellow | President & CEO | 40.00 |
Officer
Director
|
$404,814 | $41,058 | $445,872 |
| Michael Alberts | Director (start 12/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| David W Glidden | Director (end 12/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| George Hermann | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Anthony Joyce | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Andreas Kapetanopoulos | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael Alberts | Director (start 12/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| Christopher Motl | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Lesa Vanotti | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| David A Schneider | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Martin G Morgado | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Frank J Gaudio | Immediate Past Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Timothy P Geelan | Immediate Past Chair (end 12/2024) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Arthur Corey | SVP, General Counsel, Secretary | 40.00 |
Officer
|
$257,372 | $37,678 | $295,050 |
| Mark Barry | VP, COO, Treasurer | 40.00 |
Officer
|
$224,802 | $36,895 | $261,697 |
| Kimberly Tuttle | VP, Director of Education | 40.00 |
Officer
|
$163,203 | $34,298 | $197,501 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $3,471,368 | $4,049,823 | $13,391,563 | $-578,455 |
| 2024 | $4,012,155 | $3,478,435 | $13,268,589 | $533,720 |
| 2023 | $11,673,382 | $3,043,651 | $12,856,526 | $8,629,731 |
| 2022 | $2,857,463 | $2,670,465 | $4,193,357 | $186,998 |
| 2021 | $2,135,467 | $1,884,777 | $4,069,202 | $250,690 |
| 2020 | $2,481,869 | $2,244,984 | $3,687,619 | $236,885 |
| 2019 | $2,865,743 | $2,746,116 | $3,517,982 | $119,627 |
| 2018 | $2,854,823 | $2,633,103 | $3,295,682 | $221,720 |
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