GOODWILL OF WESTERN AND NORTHERN CONNECTICUT INC (EIN 060662111) - 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

1951

Legal Domicile

Principal Officer

JEFF NEFF

Phone

2035815344

Tax Period

2023-01-01 to 2023-12-31

GOODWILL OF WESTERN AND NORTHERN CONNECTICUT INC, founded in 1951, is a mid-sized nonprofit in the Employment sector that reported $53.9M in total revenue in fiscal year 2023.

Mission

GOODWILL SERVES PEOPLE WITH DISABILITIES, ECONOMIC DISADVANTAGES AND OTHER BARRIERS TO EMPLOYMENT. OUR MISSION IS TO HELP PEOPLE ACHIEVE INDEPENDENCE AND SELF-SUFFICIENCY THROUGH JOB TRAINING AND OTHER SUPPORTIVE SERVICES.

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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 $8,752,758

Program Service Revenue $44,719,452

Investment Income $419,789

Other Revenue $19,349

TOTAL REVENUE $53,911,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,249,286

Fundraising Expenses $121,433

Program Expenses $48,699,251

Other Expenses $21,455,231

TOTAL EXPENSES $53,704,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,911,348	$50,251,602	+0.1%
Expenses	$53,704,517	$50,567,651	+0.1%
Net Income	$206,831	$-316,049	-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

1653

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

$524,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHARINE H FREEMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
CHRISTINE ROSE	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER PETERSON	TREASURER	0.50	Officer Director	$0	$0	$0
JAY DIAZ	DIRECTOR	0.50	Director	$0	$0	$0
JOHN OSTASZEWSKI	DIRECTOR	0.50	Director	$0	$0	$0
MARY ELLEN HART	DIRECTOR	0.50	Director	$0	$0	$0
MORAG VANCE	DIRECTOR	0.50	Director	$0	$0	$0
ROB SCINTO	DIRECTOR	0.50	Director	$0	$0	$0
SEAN P KANE	DIRECTOR	0.50	Officer Director	$0	$0	$0
STEPHEN ZEHRING	DIRECTOR	0.50	Director	$0	$0	$0
TOM CATROPA	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JEREMIAH J SEGRUE	CFO	40.00	Officer	$206,503	$43,178	$249,681
ROCCO TRICARICO	PRESIDENT/CEO	40.00	Officer	$266,568	$8,725	$275,293
HEATHER A MARQUIS	VP HUMAN SERVICES	40.00	Highest	$185,458	$41,347	$226,805
JAMES HON	DIRECTOR OF IT	40.00	Highest	$160,218	$3,969	$164,187
KENNETH J BENNETT	VP RETAIL & FACILITIES	40.00	Highest	$191,383	$37,431	$228,814
LUZ RODRIGUEZ	CONTROLLER	40.00	Highest	$150,170	$16,492	$166,662
MELISSA C KELLY	VP MARKETING & HR	40.00	Highest	$201,012	$15,237	$216,249

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	$53,911,348	$53,704,517	$76,697,031	$206,831
2022	$50,251,602	$50,567,651	$78,801,031	$-316,049
2021	$52,522,634	$47,949,873	$56,222,071	$4,572,761
2020	$38,301,517	$45,127,675	$55,892,809	$-6,826,158
2019	$48,237,811	$49,878,007	$57,292,255	$-1,640,196
2018	$48,967,773	$50,599,913	$57,673,051	$-1,632,140

GOODWILL OF WESTERN AND NORTHERN CONNECTICUT INC