THE CONNECTICUT INSTITUTE FOR THE … - Form 990 Financial Data

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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

1893

Legal Domicile

Principal Officer

BARRY M SIMON

Phone

8602422274

Tax Period

2024-07-01 to 2025-06-30

THE CONNECTICUT INSTITUTE FOR THE BLIND INC, founded in 1893, is a major nonprofit in the Human Services sector that reported $116.1M in total revenue in fiscal year 2024.

Mission

OAK HILL'S VISION IS THAT PEOPLE WITH DISABILITIES WILL BE ABLE TO ACHIEVE THEIR FULL POTENTIAL, ENGAGE IN THEIR COMMUNITY AND IN MEANINGFUL RELATIONSHIPS, AND SATISFY AND FULFILL THEIR PHYSICAL (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $76,808,774 Revenue: $70,899,950

RESIDENTIAL COMMUNITY-BASED HOMES: 63 GROUP HOMES IN CONNECTICUT THAT PROVIDE FULL COMMUNITY ENGAGEMENT AND INTEGRATION FOR APPROXIMATELY 307 ADULTS AND ADOLESCENTS WITH DEVELOPMENTAL AND PHYSICAL...

RESIDENTIAL COMMUNITY-BASED HOMES: 63 GROUP HOMES IN CONNECTICUT THAT PROVIDE FULL COMMUNITY ENGAGEMENT AND INTEGRATION FOR APPROXIMATELY 307 ADULTS AND ADOLESCENTS WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES.

Program 2

Expenses: $3,229,403 Revenue: $5,770,731

DAY PROGRAMS: PROVIDING DAY SERVICES INCLUDING SUPPORTED EMPLOYMENT AND VOLUNTEER OPPORTUNITIES FOR APPROXIMATELY 158 ADULTS WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES.

Program 3

Expenses: $18,544,289 Revenue: $23,074,423

OAK HILL SCHOOL: PROVIDES CLASSROOM AND HOME-BOUND EDUCATION FOR APPROXIMATELY 152 STUDENTS WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES AND BEHAVIORAL NEEDS ACROSS CONNECTICUT.

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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 $8,318,974

Program Service Revenue $101,662,806

Investment Income $693,046

Other Revenue $5,406,858

TOTAL REVENUE $116,081,684

Expense Breakdown

Grants Paid $790,308

Salaries & Benefits $78,726,415

Fundraising Expenses $734,613

Program Expenses $103,277,542

Other Expenses $38,828,076

TOTAL EXPENSES $118,344,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,081,684	$110,205,972	+0.1%
Expenses	$118,344,799	$109,143,956	+0.1%
Net Income	$-2,263,115	$1,062,016	-3.1%

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

1415

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

$871,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY M SIMON	PRESIDENT &	40.00	Officer	$315,430	$73,517	$388,947
CHRISTINE D LEIBY	TREASURER &	40.00	Officer	$218,148	$47,125	$265,273
GAYLE WINTJEN	SECRETARY &	40.00	Officer	$163,277	$54,365	$217,642
MILTON WISDOM	LPN	40.00	Highest	$245,125	$24,512	$269,637
JAVIER PADILLA	CHIEF HR OFF	40.00	Highest	$206,856	$26,023	$232,879
HEIDI TAYLOR	LPN	40.00	Highest	$199,419	$843	$200,262
DARLENE BUSTER	RESIDENTIAL	40.00	Highest	$196,605	$16,149	$212,754
MICHAEL MARTIN	RESIDENTIAL	40.00	Highest	$184,524	$50,578	$235,102
MICHAEL HANNAH	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
SALVATORE CARRABBA	VICE CHAIRPE	0.50	Officer Director	$0	$0	$0
SPENCER CAIN	IMMEDIATE PA	0.50	Director	$0	$0	$0
GARY WALLACE	DIRECTOR	0.50	Director	$0	$0	$0
WILEY MULLINS	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT EARLEY	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW ZEWINSKI	DIRECTOR	0.50	Director	$0	$0	$0
DAVE PORTEUS	DIRECTOR	0.50	Director	$0	$0	$0
GREGORY THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
KAREN NEAG	DIRECTOR	0.50	Director	$0	$0	$0
JAMES MANAFORT	DIRECTOR	0.50	Director	$0	$0	$0
BETH CHUDNOW	DIRECTOR	0.50	Director	$0	$0	$0
HILLARY GLASS	DIRECTOR	0.50	Director	$0	$0	$0
HANNAH LEMEK	DIRECTOR	0.50	Director	$0	$0	$0
LORNA SEDOR	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE GASKELL	DIRECTOR	0.50	Director	$0	$0	$0
PHIL HARRIAU	DIRECTOR	0.50	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
2025	$116,081,684	$118,344,799	$97,883,164	$-2,263,115
2024	No data	No data	No data	No data
2023	$93,522,330	$100,933,671	$88,509,484	$-7,411,341
2022	$81,327,406	$84,715,267	$91,592,797	$-3,387,861
2021	$94,829,257	$81,453,376	$100,151,013	$13,375,881
2020	$84,361,152	$85,269,354	$80,909,249	$-908,202
2019	$84,997,609	$84,350,937	$79,679,122	$646,672
2018	$90,289,861	$89,169,690	$80,679,994	$1,120,171

THE CONNECTICUT INSTITUTE FOR THE BLIND INC