UNITED WAY INC UNITED WAY OF CENT & NE CONNECTICUT (EIN 060646653) - 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

1924

Legal Domicile

Principal Officer

ERIC HARRISON

Phone

8604936800

Tax Period

2024-07-01 to 2025-06-30

UNITED WAY INC UNITED WAY OF CENT & NE CONNECTICUT, founded in 1924, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.7M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $10.4M left a modest 3% surplus.

Mission

UNITED WAY OF CENTRAL AND NORTHEASTERN CONNECTICUT MOBILIZES RESOURCES TO END POVERTY.

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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 $8,484,139

Program Service Revenue $0

Investment Income $1,859,698

Other Revenue $350,249

TOTAL REVENUE $10,694,086

Expense Breakdown

Grants Paid $3,032,330

Salaries & Benefits $4,313,186

Fundraising Expenses $1,272,719

Program Expenses $7,569,213

Other Expenses $3,024,789

TOTAL EXPENSES $10,370,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,694,086	$12,627,633	-0.2%
Expenses	$10,370,305	$12,201,195	-0.2%
Net Income	$323,781	$426,438	-0.2%

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

581

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

$453,466

Total Directors

$453,466

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HARRISON	PRESIDENT AND CEO	52.00	Officer Director	$233,374	$45,875	$279,249
VITTORIA PACE	IMMEDIATE PAST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PETE COLLINS	CHAIR	1.00	Officer Director	$0	$0	$0
IRENE BASSOCK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD TAVOLIERI	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER BENGTSON	CHIEF FINANCIAL OFFICER	52.00	Officer Director	$164,455	$9,762	$174,217
LEIGH NEWMAN	BOARD MEMBER	0.30	Director	$0	$0	$0
JILL VICHI	BOARD MEMBER	0.30	Director	$0	$0	$0
MICHAEL GOLDBAS	BOARD MEMBER (TO 03/25)	0.30	Director	$0	$0	$0
MONTEZ CARTER	BOARD MEMBER	0.30	Director	$0	$0	$0
DONALD ALLAN	BOARD MEMBER	0.30	Director	$0	$0	$0
CHARLES W BOGOIAN	BOARD MEMBER (TO 03/25)	0.30	Director	$0	$0	$0
SHELLYE DAVIS	BOARD MEMBER	0.30	Director	$0	$0	$0
RHONA FREE	BOARD MEMBER	0.30	Director	$0	$0	$0
VI R SMALLEY ESQ	BOARD MEMBER- EX OFFICIO (AS 04/25)	0.30	Director	$0	$0	$0
JENNIFER L SHANLEY	BOARD MEMBER	0.30	Director	$0	$0	$0
JAMES P O'MEARA	BOARD MEMBER- EX OFFICIO (AS 04/25)	0.30	Director	$0	$0	$0
STEVEN M LITCHFIELD	BOARD MEMBER	0.30	Director	$0	$0	$0
BIMAL PATEL	BOARD MEMBER	0.30	Director	$0	$0	$0
SHARON WILLIAMS	BOARD MEMBER	0.30	Director	$0	$0	$0
BEATRIZ GUTIERREZ	SUCCESSOR VICE CHAIR	0.30	Director	$0	$0	$0
VENTON B FORBES	BOARD MEMBER	0.30	Director	$0	$0	$0
SARA-BETH SIDLA	BOARD MEMBER- EX OFFICIO (AS 04/25)	0.30	Director	$0	$0	$0
ANGELA SMART	BOARD MEMBER- EX OFFICIO (AS 04/25)	0.30	Director	$0	$0	$0
JIM SHMERLING	BOARD MEMBER	0.30	Director	$0	$0	$0
MARIA NUNEZ	BOARD MEMBER	0.30	Director	$0	$0	$0
JESSICA HERNANDEZ	BOARD MEMBER- EX OFFICIO (AS 04/25)	0.30	Director	$0	$0	$0
THOMAS ANDERSON	BOARD MEMBER (AS OF 11/24)	0.30	Director	$0	$0	$0
ANTONIO SANTIAGO JR	COMMITTEE MEMBER (TO 03/25)	0.30	Director	$0	$0	$0
JENNIFER GIFFORD	SR VP OF IMPACT & ENG	52.00	Highest	$143,737	$39,819	$183,556
MAURA COOK	SR VP OF MKTG & DEV	52.00	Highest	$142,054	$21,701	$163,755
HELEN BERGIN	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$125,624	$9,540	$135,164

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	$10,694,086	$10,370,305	$23,633,676	$323,781
2024	$12,627,633	$12,201,195	$21,865,726	$426,438
2023	$12,951,094	$10,808,890	$22,131,987	$2,142,204
2022	$12,702,734	$10,377,094	$29,196,738	$2,325,640
2021	$15,455,549	$15,590,765	$33,638,932	$-135,216
2020	$16,340,998	$16,410,800	$33,178,720	$-69,802
2019	$20,074,645	$19,613,635	$34,079,395	$461,010

UNITED WAY INC UNITED WAY OF CENT & NE CONNECTICUT