RIDGEFIELD VETERANS' MEMORIAL COMMUNITY ASSOCIATION INC

EIN: 060691290 501(c)(3) Public & Societal Benefit

RIDGEFIELD, CT

Total Revenue
$1,180,456
Total Expenses
$625,700
Total Assets
$3,541,486
Net Assets
$3,341,428
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
CT
Principal Officer
SUZANNE BRENNAN
Phone
2034386962
Tax Period
2024-07-01 to 2025-06-30

RIDGEFIELD VETERANS' MEMORIAL COMMUNITY ASSOCIATION INC, founded in 1953, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $555K, a strong 47% operating margin.

Mission

TO SERVE THE RESIDENTS OF RIDGEFIELD AND PRESERVE AND PROMOTE THE HISTORICAL SIGNIFICANCE OF THE LOUNSBURY HOUSE.

Program Service Accomplishments

Program 1
Expenses: $389,391

TO MAINTAIN, IMPROVE AND OPERATE THE LOUNSBURY HOUSE IN SUPPORT OF ITS MISSION TO PROVIDE A FACILITY THAT BENEFITS THE RESIDENTS OF RIDGEFIELD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $881,898
Program Service Revenue $0
Investment Income $41,973
Other Revenue $256,585
TOTAL REVENUE $1,180,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $266,061
Fundraising Expenses $124,845
Program Expenses $389,391
Other Expenses $359,639
TOTAL EXPENSES $625,700

Year-over-Year Comparison

2024 2023 Change
Revenue $1,180,456 $671,003 +0.8%
Expenses $625,700 $546,442 +0.1%
Net Income $554,756 $124,561 +3.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
75

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS BISHOP PRESIDENT 4.00
Officer Director
$0 $0 $0
CORRINNE DIVESTEA VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
ROBERT PAC TREASURER 4.00
Officer Director
$0 $0 $0
PATTI ROSS SECRETARY 4.00
Officer Director
$0 $0 $0
JOHN CAPILLI DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH ELLIS DIRECTOR 1.00
Director
$0 $0 $0
AMANDA GABBARD DIRECTOR 1.00
Director
$0 $0 $0
DAVID MCINNIS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE MULLEN DIRECTOR 1.00
Director
$0 $0 $0
MEGHAN RUPPENSTEIN DIRECTOR 1.00
Director
$0 $0 $0
MARISA F SCHAFER DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN WOOTERS DIRECTOR 1.00
Director
$0 $0 $0
CHRIS COURI DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL LONG DIRECTOR 1.00
Director
$0 $0 $0
RON RUCOLAS DIRECTOR 1.00
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
2025 $1,180,456 $625,700 $3,541,486 $554,756
2024 $671,003 $546,442 $2,840,905 $124,561
2023 $669,170 $547,894 $2,751,272 $121,276
2022 $660,732 $504,232 $2,637,737 $156,500
2021 $616,140 $456,062 $2,640,147 $160,078
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