NEW BRITAIN INSTITUTE (EIN 060646767) - 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

1858

Legal Domicile

Principal Officer

MATTHEW KAUFMAN

Phone

8602256464

Tax Period

2024-07-01 to 2025-06-30

NEW BRITAIN INSTITUTE, founded in 1858, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. The organization ran a surplus of $761K, a strong 15% operating margin.

Mission

TO PROMOTE LITERACY, SCIENCE, AND CULTURE IN THE CITY OF NEW BRITAIN

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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 $4,301,703

Program Service Revenue $88,207

Investment Income $570,954

Other Revenue $14,283

TOTAL REVENUE $4,975,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,912,942

Fundraising Expenses $0

Program Expenses $3,584,509

Other Expenses $1,301,028

TOTAL EXPENSES $4,213,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,975,147	$4,744,449	+0.0%
Expenses	$4,213,970	$3,902,506	+0.1%
Net Income	$761,177	$841,943	-0.1%

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

N/A

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

$203,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEOFFREY BRAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANCIS VOLZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARYANNE KOLITSIDAS	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTIE WARD	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL HUMEN	CHAIR OF LIBRARY COMMITTEE	1.00	Director	$0	$0	$0
JONATHON SCOTT	CHAIR OF INDUSTRIAL MUSEUM	1.00	Director	$0	$0	$0
CHRISTOPHER LASARACINA	CHAIR OF YOUTH MUSEUM COMM	1.00	Director	$0	$0	$0
GILBERT GIGLIOTTI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CARRIER	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD DYSON	DIRECTOR	1.00	Director	$0	$0	$0
RICK LOPES	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY BENDZA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WHALEN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BOSCO	DIRECTOR	1.00	Director	$0	$0	$0
SONDRA SANFORD	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SANTOS	DIRECTOR	1.00	Director	$0	$0	$0
JUAN BERRIOS	DIRECTOR	1.00	Director	$0	$0	$0
TAMI CHRISTOPHER	YOUTH MUSEUM DIREC	35.00	Officer	$97,070	$0	$97,070
VIKTOR SJOBERG	LIBRARY DIRECTOR	40.00	Officer	$94,039	$12,479	$106,518

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	$4,975,147	$4,213,970	$10,159,032	$761,177
2024	$4,744,449	$3,902,506	$9,368,691	$841,943
2023	$4,685,668	$3,681,107	$8,289,241	$1,004,561
2022	$4,616,015	$3,708,807	$7,009,202	$907,208
2021	$4,353,368	$3,738,725	$7,189,714	$614,643
2020	$3,983,960	$3,613,559	$5,869,413	$370,401
2019	$4,023,984	$3,595,051	$5,516,396	$428,933

NEW BRITAIN INSTITUTE