UNITED WAY OF SOUTHINGTON INC

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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

1928

Legal Domicile

Principal Officer

TIM VENDETTI

Phone

8606284565

Tax Period

2023-07-01 to 2024-06-30

UNITED WAY OF SOUTHINGTON INC, founded in 1928, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $302K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 20% operating margin.

Mission

THE UNITED WAY OF SOUTHINGTON'S MISSION IS TO FACILITATE A COMMUNITY-WIDE COLLABORATION SO THAT FUNDS CAN BE RAISED AND ASSISTANCE PROVIDED TO ORGANIZATIONS INVOLVED IN HUMAN SERVICE PROGRAMS IN SOUTHINGTON, MARION, MILLDALE AND PLANTSVILLE.

Program Service Accomplishments

Program 1

Expenses: $241,809

THE UNITED WAY OF SOUTHINGTON PROVIDES DIRECT FUNDING TO THE MOST IMPORTANT PROGRAMS AT THE 12 MOST IMPORTANT HUMAN SERVICES AGENCIES SERVING OUR GEOGRAPHY. DESIGNATING LOCALLY HELPS ENSURE THE...

THE UNITED WAY OF SOUTHINGTON PROVIDES DIRECT FUNDING TO THE MOST IMPORTANT PROGRAMS AT THE 12 MOST IMPORTANT HUMAN SERVICES AGENCIES SERVING OUR GEOGRAPHY. DESIGNATING LOCALLY HELPS ENSURE THE COMMUNITY'S SUCCESS.

Program 2

THE UNITED WAY OF SOUTHINGTON IS "SOUTHINGTON PEOPLE HELPING SOUTHINGTON PEOPLE." THESE MONIES ENSURE THE ABILITY TO IMPACT THE COMMUNITY TO HELP ACHIEVE THIS GOAL.

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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 $234,689

Program Service Revenue $0

Investment Income $21,768

Other Revenue $45,638

TOTAL REVENUE $302,095

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $48,690

Fundraising Expenses $0

Program Expenses $241,809

Other Expenses $128,119

TOTAL EXPENSES $241,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,095	$247,202	+0.2%
Expenses	$241,809	$281,958	-0.1%
Net Income	$60,286	$-34,756	-2.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM VENDETTI	TREASURER	2.00	Officer Director	$0	$0	$0
MARC PELLETIER CPA	DIRECTOR	2.00	Director	$0	$0	$0
MARK BERARDI	V PRES	2.00	Officer Director	$0	$0	$0
DEBBY MASTRIANNI	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA KENT	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MACKAY	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA GOODRICH	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS MARTOCCHIO	DIRECTOR	1.00	Director	$0	$0	$0
CAROL UDEEN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HOPKO	SECRETARY	3.00	Officer Director	$0	$0	$0
GAIL SKRZYPIEC	DIRECTOR	1.00	Director	$0	$0	$0
RON SERAFINO	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR DEEGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS BENTZ	DIRECTOR	1.00	Director	$0	$0	$0
BRITT LYNCH	EXECUTIVE DIRECTOR	30.00	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
2025	No data	No data	No data	No data
2024	$302,095	$241,809	$676,488	$60,286
2023	$247,202	$281,958	$582,840	$-34,756
2022	$280,468	$240,591	$649,572	$39,877
2021	$242,028	$188,803	$576,918	$53,225
2020	$189,677	$200,188	$421,022	$-10,511
2019	$249,214	$205,284	$419,654	$43,930
2019	$250,437	$205,283	$420,876	$45,154
2018	$190,240	$190,706	$395,218	$-466