CONNECTICUT ASSOCIATION OF SCHOOLS… - 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

1953

Legal Domicile

Principal Officer

Glenn Lungarini

Phone

2032501111

Tax Period

2023-07-01 to 2024-06-30

CONNECTICUT ASSOCIATION OF SCHOOLS INC, founded in 1953, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2023.

Mission

Support secondary schools; governs interscholastic student activities and sponsors professional development.

Program Service Accomplishments

Program 1

Expenses: $3,747,966 Revenue: $4,788,220

Provide cooperative action services to further the interest of secondary and elementary education and to secure effective supervision and uniform regulations and control of all interscholastic...

Provide cooperative action services to further the interest of secondary and elementary education and to secure effective supervision and uniform regulations and control of all interscholastic activities.

Program 2

Expenses: $1,902,541 Revenue: $1,258,431

Direct and control boys and girls athletics in the secondary schools of Connecticut and offer programs for equitable competition among schools.

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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 $227,039

Program Service Revenue $6,046,651

Investment Income $90,005

Other Revenue $12,639

TOTAL REVENUE $6,376,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,738,550

Fundraising Expenses $0

Program Expenses $5,650,507

Other Expenses $3,566,868

TOTAL EXPENSES $6,305,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,376,334	$6,059,407	+0.1%
Expenses	$6,305,418	$5,689,242	+0.1%
Net Income	$70,916	$370,165	-0.8%

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

Volunteers

1200

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

$313,260

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn Lungarini	Executive Dir.	40.00	Officer	$283,064	$30,196	$313,260
Alicia Bowman	Associate Exec Dir	40.00		$181,479	$30,110	$211,589
Cheryl Novicelli	DIRECTOR OF FIN.	40.00		$138,400	$30,110	$168,510
Tiffany Caouette	Assistant Exec Dir	40.00		$156,080	$10,119	$166,199
Karen Packtor	DEPUTY ED	40.00		$151,526	$10,123	$161,649
John Holt	Director of Media	40.00		$120,740	$519	$121,259
Marc Balanda	Director	1.00	Director	$0	$0	$0
Krista Bauchman	Director	1.00	Director	$0	$0	$0
Kristin Bernier	Director	1.00	Director	$0	$0	$0
Diana Burns	Director	1.00	Director	$0	$0	$0
Joseph Blake	VP HIGH	2.00	Officer Director	$0	$0	$0
Deane Renda	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
Matt Walton	Director	1.00	Director	$0	$0	$0
Liana Jorgensen	VP MIDDLE	2.00	Officer Director	$0	$0	$0
Kenneth Craig	Director	1.00	Director	$0	$0	$0
Todd Snyder	Director	1.00	Director	$0	$0	$0
Robert Garry	Director	1.00	Director	$0	$0	$0
Michael Litke	Director	1.00	Director	$0	$0	$0
Joseph Macrino	VP Elementary	2.00	Officer Director	$0	$0	$0
Tara Winch	Sec-Treas	2.00	Officer Director	$0	$0	$0
Scott Nozik	Director	1.00	Director	$0	$0	$0
Matthew Ryan	Director	1.00	Director	$0	$0	$0
Amy Yost	President	2.00	Officer Director	$0	$0	$0
Sarhanna Smith	Director	1.00	Director	$0	$0	$0
Terra Tigno	Director	1.00	Director	$0	$0	$0
Jesse White	Director	1.00	Director	$0	$0	$0
Joy Wright	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	No data	No data	No data	No data
2024	$6,376,334	$6,305,418	$4,449,850	$70,916
2023	$6,059,407	$5,689,242	$4,262,293	$370,165
2022	$5,643,046	$4,818,941	$3,853,648	$824,105
2021	$3,221,348	$2,992,796	$3,491,078	$228,552
2020	$3,318,242	$4,051,060	$3,491,805	$-732,818
2019	$4,803,736	$4,931,067	$3,338,574	$-127,331
2018	$4,882,686	$4,990,857	$3,537,785	$-108,171

CONNECTICUT ASSOCIATION OF SCHOOLS INC