CONNECTICUT ASSOCIATION OF BOARDS OF EDUCATION INC

EIN: 060767770 501(c)(3) Education

WETHERSFIELD, CT

Total Revenue
$2,910,589
Total Expenses
$2,686,441
Total Assets
$3,166,714
Net Assets
$2,547,615
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
CT
Principal Officer
PATRICE MCCARTHY
Phone
8605717446
Tax Period
2024-07-01 to 2025-06-30

CONNECTICUT ASSOCIATION OF BOARDS OF EDUCATION INC, founded in 1958, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 8% surplus.

Mission

PROMOTE EDUCATION & ASSIST CT SCHOOL BOARDS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,793,700
Investment Income $74,681
Other Revenue $42,208
TOTAL REVENUE $2,910,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,618,140
Fundraising Expenses $0
Program Expenses $2,045,891
Other Expenses $1,068,301
TOTAL EXPENSES $2,686,441

Year-over-Year Comparison

2024 2023 Change
Revenue $2,910,589 $2,885,899 +0.0%
Expenses $2,686,441 $2,546,813 +0.1%
Net Income $224,148 $339,086 -0.3%
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

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
13
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICE MCCARTHY EXECUTIVE DIRECTOR 35.00
$204,502 $0 $204,502
LISA STEIMER EMPLOYEE 40.00
$135,498 $0 $135,498
SHEILA MCKAY EMPLOYEE 40.00
$135,076 $0 $135,076
NICHOLAS CARUSO EMPLOYEE 40.00
$127,461 $0 $127,461
Jody I Goeler Employee 40.00
$112,972 $0 $112,972
Wilmarie D Peercy Employee 40.00
$112,531 $0 $112,531
EILEEN BAKER VP FOR PROF DEV 2.00
Director
$0 $0 $0
ELIZABETH BROWN PAST PRESIDENT 6.00
Director
$0 $0 $0
ETHEL GRANT MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
LEONARD LOCKHART President 4.00
Director
$0 $0 $0
LON SEIDMAN VP GOV'T RELAT 4.00
Director
$0 $0 $0
MEG SCATA 1ST VICE PRES 4.00
Director
$0 $0 $0
ANTHONY PERUGINI SEC/TREAS 2.00
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 $2,910,589 $2,686,441 $3,166,714 $224,148
2024 $2,885,899 $2,546,813 $2,884,613 $339,086
2023 $2,428,593 $2,273,362 $2,455,769 $155,231
2022 $2,326,470 $2,331,887 $2,265,282 $-5,417
2021 $2,127,763 $2,078,018 $2,483,125 $49,745
2020 $2,285,408 $2,384,582 $2,311,776 $-99,174
2019 $2,280,563 $2,351,744 $2,376,578 $-71,181
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CONNECTICUT ASSOCIATION OF BOARDS OF EDUCATION INC with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.