THE COMMUNITY CHEST OF NEW BRITAIN AND BERLIN INC (EIN 060662153) - 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

1943

Legal Domicile

Principal Officer

DAVID OBEDZINSKI

Phone

8602296018

Tax Period

2024-01-01 to 2024-12-31

THE COMMUNITY CHEST OF NEW BRITAIN AND BERLIN INC, founded in 1943, is a small nonprofit in the Human Services sector that reported $324K in total revenue in fiscal year 2024. Net assets of $7.3M represent 272 months of operating reserves.

Mission

THE COMMUNITY CHEST OF NEW BRITAIN AND BERLIN, INC. IS AN ORGANIZATION WHICH DISTRIBUTES CHARITABLE DONATIONS TO NEW BRITAIN AND BERLIN-BASED NOT-FOR-PROFIT ENTITIES PROVIDING SERVICES AND PROGRAMS TO THE COMMUNITIES THEY SERVE.

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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 $291,970

Program Service Revenue $0

Investment Income $32,013

Other Revenue $0

TOTAL REVENUE $323,983

Expense Breakdown

Grants Paid $311,675

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $311,675

Other Expenses $6,207

TOTAL EXPENSES $317,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,983	$306,164	+0.1%
Expenses	$317,882	$381,377	-0.2%
Net Income	$6,101	$-75,213	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN COOKLEY	CHAIR	2.00	Officer Director	$0	$0	$0
JAMES CONGDON	TREASURER	2.00	Officer Director	$0	$0	$0
PETER AGOSTINI	DIRECTOR	2.00	Director	$0	$0	$0
ZACHARY ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
SARAH BERNIER	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER FARLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
CORI HUMES	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE KACZMARCZYK	DIRECTOR	2.00	Director	$0	$0	$0
JILL LARMETT	DIRECTOR	2.00	Director	$0	$0	$0
MARY MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN RAMOS	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH SCALISE	DIRECTOR	2.00	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
2024	$323,983	$317,882	$7,463,233	$6,101
2023	$306,164	$381,377	$7,043,910	$-75,213
2022	$320,003	$244,667	$6,482,007	$75,336
2021	$298,093	$593,902	$7,739,020	$-295,809
2020	$283,110	$275,468	$6,976,540	$7,642
2019	$427,784	$271,288	$8,043,376	$156,496
2018	$280,540	$294,733	$6,790,796	$-14,193

THE COMMUNITY CHEST OF NEW BRITAIN AND BERLIN INC