CONNECTICUT FOOD ASSOCIATION (EIN 060633966) - 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

1933

Legal Domicile

Principal Officer

WAYNE PESCE

Phone

8602164055

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT FOOD ASSOCIATION, founded in 1933, is a small nonprofit that reported $732K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $955K exceeded revenue, resulting in a 31% operating deficit.

Mission

PROMOTING THE GROWTH OF CONNECTICUT'S RETAIL GROCERY COMMUNITY AND ITS SUPPLIER NETWORK.

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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 $700,512

Program Service Revenue $53,247

Investment Income $21,226

Other Revenue $-43,421

TOTAL REVENUE $731,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,179

Fundraising Expenses $0

Other Expenses $602,086

TOTAL EXPENSES $955,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$731,564	$1,239,837	-0.4%
Expenses	$955,265	$915,869	+0.0%
Net Income	$-223,701	$323,968	-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

$190,281

Total Directors

$190,281

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE PESCE	PRESIDENT	40.00	Officer Director	$185,008	$5,273	$190,281
HARRY GARAFALO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BOB RYBICK	FIRST VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEAN DUMAS	SECOND VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DENNIS SILVA JR	SECRETARY	2.00	Officer Director	$0	$0	$0
TIM M DEVANNEY	TREASURER	2.00	Officer Director	$0	$0	$0
CHUCK B JOSEPH JR	IMMEDIATE PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
TODGE ARMATA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BLANCHARD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CARLSON	DIRECTOR UNTIL 8/31/23	1.00	Director	$0	$0	$0
LUIS CARRASQUILLO	DIRECTOR	1.00	Director	$0	$0	$0
DOMINICK CINGARI	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN COE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CRAWFORD	DIRECTOR UNTIL 11/3/23	1.00	Director	$0	$0	$0
ANDREW CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
GARY DAVIS	DIRECTOR UNTIL 3/15/23	1.00	Director	$0	$0	$0
BRYAN DEVOE	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE DULEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FUSCO JR	DIRECTOR	1.00	Director	$0	$0	$0
DAVE GAMBINO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOLD	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GREEN	DIRECTOR UNTIL 11/3/23	1.00	Director	$0	$0	$0
RUSS GREENLAW	DIRECTOR	1.00	Director	$0	$0	$0
PAUL JAHNIGE	DIRECTOR	1.00	Director	$0	$0	$0
GARY KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KING	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LABONNE JR	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MOTEL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PAGANINI	DIRECTOR	1.00	Director	$0	$0	$0
SHERRIE PALMER	DIRECTOR AS OF 03/2023	1.00	Director	$0	$0	$0
TIA PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PIJANOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS REED	DIRECTOR AS OF 11/30/23	1.00	Director	$0	$0	$0
CHRIS ROMEO	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL SHAW	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SUMPTER	DIRECTOR	1.00	Director	$0	$0	$0
DAN TEGOLINI	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$731,564	$955,265	$1,109,870	$-223,701
2022	$1,239,837	$915,869	$1,360,634	$323,968
2021	$845,112	$881,326	$970,186	$-36,214
2020	$858,691	$810,734	$961,958	$47,957
2019	$993,607	$947,931	$888,829	$45,676
2018	$1,139,387	$1,104,681	$850,103	$34,706

CONNECTICUT FOOD ASSOCIATION