CONNECTICUT PACKAGE STORE ASSOCIATION INC (EIN 060675906) - 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

1947

Legal Domicile

Principal Officer

JEAN CRONIN

Phone

8603467978

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT PACKAGE STORE ASSOCIATION INC, founded in 1947, is a small nonprofit that reported $203K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $184K left a modest 9% surplus.

Mission

TO PROMOTE THE GROWTH AND DEVELOPMENT OF THE RETAIL LIQUOR INDUSTRY IN THE STATE OF 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 $38,300

Program Service Revenue $5,900

Investment Income $3,426

Other Revenue $155,673

TOTAL REVENUE $203,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,660

Fundraising Expenses $0

Program Expenses $184,307

Other Expenses $28,647

TOTAL EXPENSES $184,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,299	$170,157	+0.2%
Expenses	$184,307	$198,652	-0.1%
Net Income	$18,992	$-28,495	-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

N/A

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

$155,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN CRONIN	EXECUTIVE DIRECTOR	10.00	Officer	$155,660	$0	$155,660
CURT HOPKINS	DIRECTOR	2.00	Director	$0	$0	$0
NICK CONTI	DIRECTOR	2.00	Director	$0	$0	$0
VIJAY PATEL	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN ABRAHAMSON	DIRECTOR	2.00	Director	$0	$0	$0
MITCHELL ANCONA	DIRECTOR	2.00	Director	$0	$0	$0
ASHOK PATEL	DIRECTOR	2.00	Director	$0	$0	$0
MIKE SCALISE	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK MONTELEONE	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS WHITE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LEON	DIRECTOR	2.00	Director	$0	$0	$0
MONICA MCCALL	DIRECTOR	2.00	Director	$0	$0	$0
RAVISH SHAH	DIRECTOR	2.00	Director	$0	$0	$0
JEFF WILSON	DIRECTOR	2.00	Director	$0	$0	$0
BHAVESH PATEL	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN DOWNES	PRESIDENT	10.00	Officer	$0	$0	$0
JAMES VALENTINE	1ST VICE PRESIDENT	8.00	Officer	$0	$0	$0
PAUL AGRANOVICH	2ND VICE PRESIDENT	8.00	Officer	$0	$0	$0
GAIL POWELL	SERGEANT AT ARMS	8.00	Officer	$0	$0	$0
ALAN WILENSKY	LEGISLATIVE CHAIR	8.00	Officer	$0	$0	$0
DEEPAK PATTANI	TREASURER	8.00	Officer	$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	$203,299	$184,307	$304,390	$18,992
2023	$170,157	$198,652	$299,690	$-28,495
2022	$182,694	$178,106	$301,436	$4,588
2021	$149,412	$195,444	$315,455	$-46,032
2020	$141,739	$175,627	$350,563	$-33,888
2019	$150,899	$176,180	$378,825	$-25,281
2018	$152,325	$160,745	$408,752	$-8,420

CONNECTICUT PACKAGE STORE ASSOCIATION INC