HARTFORD FOUNDATION FOR PUBLIC GIVING (EIN 060699252) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

JAY WILLIAMS

Phone

8605481888

Tax Period

2023-01-01 to 2023-12-31

HARTFORD FOUNDATION FOR PUBLIC GIVING, founded in 1925, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $67.4M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Net assets of $1.1B represent 198 months of operating reserves.

Mission

THE HARTFORD FOUNDATION FOR PUBLIC GIVING, ESTABLISHED IN 1925, IS THE COMMUNITY FOUNDATION FOR THE 29 TOWNS IN THE HARTFORD REGION. ITS MISSION IS PUTTING PHILANTHROPY INTO ACTION TO CREATE LASTING SOLUTIONS THAT RESULT IN VIBRANT COMMUNITIES WITHIN THE GREATER HARTFORD REGION. THE FOUNDATION SERVES APPROXIMATELY 775,000 RESIDENTS, HUNDREDS OF NONPROFITS AND A NETWORK OF PHILANTHROPISTS WITH MORE THAN 1500 FUNDS. IT BRINGS TOGETHER THE PEOPLE, KNOWLEDGE, INVESTMENTS AND PASSION TO MAKE THE REGION A MORE INCLUSIVE AND POSITIVE PLACE TO LIVE, WORK AND RAISE A FAMILY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,392,631

Program Service Revenue $0

Investment Income $43,970,290

Other Revenue $1,011,795

TOTAL REVENUE $67,374,716

Expense Breakdown

Grants Paid $50,044,335

Salaries & Benefits $8,495,516

Fundraising Expenses $1,801,506

Program Expenses $55,282,696

Other Expenses $7,896,755

TOTAL EXPENSES $66,436,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,374,716	$84,111,242	-0.2%
Expenses	$66,436,606	$70,423,085	-0.1%
Net Income	$938,110	$13,688,157	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

433

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

$1,166,389

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW R WORTHINGTON	CHAIR	2.30	Officer Director	$0	$0	$0
MARK OVERMYER-VELAZQUEZ	VICE CHAIR	2.30	Officer Director	$0	$0	$0
MARLENE IBSEN	TREASURER	3.50	Officer Director	$0	$0	$0
SUSAN R DUNN	DIRECTOR	2.30	Director	$0	$0	$0
BEATRIX GUTIERREZ	DIRECTOR	2.30	Director	$0	$0	$0
SIVAN HINES	DIRECTOR	2.30	Director	$0	$0	$0
ALAN MATTAMANA	DIRECTOR	2.30	Director	$0	$0	$0
RICHARD N PALMER	DIRECTOR	2.30	Director	$0	$0	$0
NICOLE PORTER	DIRECTOR	2.30	Director	$0	$0	$0
DAVID M ROTH	DIRECTOR	2.30	Director	$0	$0	$0
THEODORE S SERGI	DIRECTOR	3.50	Director	$0	$0	$0
JAY WILLIAMS	PRESIDENT & SECRETARY	40.00	Officer	$515,432	$74,821	$590,253
BONNIE J MALLEY	VP FINANCE & ADMINISTRATION ADMIN	40.00	Officer	$246,970	$42,149	$289,119
ELYSA GORDON	VP COMMUNITY IMPACT	40.00	Officer	$238,476	$48,541	$287,017
DEBORAH ROTHSTEIN	VP OF DEVELOPMENT	40.00	Highest	$235,936	$31,797	$267,733
BRADFORD H DRAZEN	VP COMMUNICATIONS & MARKETING	40.00	Highest	$217,230	$46,683	$263,913
JUDITH W MCBRIDE	VP COMMUNICATIONS & MARKETING	40.00	Highest	$192,590	$26,769	$219,359
SUSAN H DANA	DIRECTOR OF DEVELOPMENT, MAJOR GIFTS	40.00	Highest	$176,680	$15,824	$192,504
SALLY WEISMAN	DIRECTOR OF DEVELOPMENT & DONOR SVCS	40.00	Highest	$166,906	$25,050	$191,956

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	No data	No data	No data	No data
2023	$67,374,716	$66,436,606	$1,138,970,331	$938,110
2022	$84,111,242	$70,423,085	$1,057,794,917	$13,688,157
2021	$156,392,169	$61,917,472	$1,247,890,543	$94,474,697
2020	$82,935,365	$68,943,652	$1,125,106,021	$13,991,713
2019	$86,652,679	$56,229,736	$1,063,228,767	$30,422,943
2018	$82,496,227	$56,797,144	$933,276,490	$25,699,083
2018	$82,496,227	$56,797,144	$933,276,490	$25,699,083

HARTFORD FOUNDATION FOR PUBLIC GIVING