HARTFORD NEIGHBORHOOD CENTERS (EIN 060646932) - 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

1872

Legal Domicile

Principal Officer

Cora Mercer

Phone

8602516517

Tax Period

2023-01-01 to 2023-12-31

HARTFORD NEIGHBORHOOD CENTERS, founded in 1872, is a small nonprofit in the Human Services sector that reported $588K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $570K left a modest 3% surplus.

Mission

To be an educational, cultural, social and recreational "safe have" of opportunity for the diverse ethnic populations of Greater Hartford

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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 $461,765

Program Service Revenue $0

Investment Income $126,635

Other Revenue $0

TOTAL REVENUE $588,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,965

Fundraising Expenses $0

Program Expenses $559,541

Other Expenses $216,613

TOTAL EXPENSES $569,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$588,400	$534,775	+0.1%
Expenses	$569,578	$595,619	0.0%
Net Income	$18,822	$-60,844	-1.3%

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

Total Directors

Key Employees

$70,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cora Mercer	Executive Director	40	Key Emp	$70,000	$0	$70,000
Ralph Knighton	President	10	Director	$0	$0	$0
Abraham Ford	1st Vice President	10	Director	$0	$0	$0
Ronald Wenzel	Secretary	10	Director	$0	$0	$0
Calvin Morgan	Director	5	Director	$0	$0	$0
Geraldine Forte	Director	5	Director	$0	$0	$0
Nilda Fernandez	Director	5	Director	$0	$0	$0
Joanne Mitchell	Director	5	Director	$0	$0	$0
Chris Billings	Director	5	Director	$0	$0	$0
Gary Hightower	Director	5	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	No data	No data	No data	No data
2023	$588,400	$569,578	$2,646,227	$18,822
2022	$534,775	$595,619	$2,635,047	$-60,844
2021	$671,998	$597,500	$2,682,503	$74,498
2020	$511,513	$475,512	$2,676,503	$36,001
2019	$403,635	$368,417	$2,626,934	$35,218
2018	$341,734	$407,534	$2,680,557	$-65,800
2017	$403,830	$369,176	$2,764,602	$34,654

HARTFORD NEIGHBORHOOD CENTERS