CONNECTICUT CONFERENCE OF INDEPENDENT COLLEGES (EIN 060841386) - Form 990 Financial Analysis & Trantor Score

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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

1932

Legal Domicile

Principal Officer

JENNIFER WIDNESS

Phone

8606780005

Tax Period

2024-07-01 to 2025-06-30

CONNECTICUT CONFERENCE OF INDEPENDENT COLLEGES, founded in 1932, is a small nonprofit that reported $678K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $580K left a modest 14% surplus.

Mission

THE CONNECTICUT CONFERENCE OF INDEPENDENT COLLEGES (CCIC) REPRESENTS FIFTEEN ACCREDITED NONPROFIT INDEPENDENT COLLEGES AND UNIVERSITIES IN CONNECTICUT. THESE INSTITUTIONS ARE BOUND BY A COMMON COMMITMENT TO QUALITY INSTRUCTION AND DEDICATED TO COLLABORATIVE EFFORTS THAT STRENGHTHEN THE INDEPENDENT SECTOR OF HIGHER EDUCATION IN CONNECTICUT. CCIC SERVES ITS MEMBER INSTITUTIONS THROUGH GOVERNMENT RELATIONS, PUBLIC POLICY DEVELOPMENT, PUBLIC RELATIONS, RESEARCH, COMMUNICATIONS AND COORDINATED MEMBER SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,757

Program Service Revenue $549,564

Investment Income $86,193

Other Revenue $39,135

TOTAL REVENUE $677,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $496,686

Fundraising Expenses $39,319

Program Expenses $404,470

Other Expenses $83,121

TOTAL EXPENSES $579,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,649	$617,859	+0.1%
Expenses	$579,807	$536,063	+0.1%
Net Income	$97,842	$81,796	+0.2%

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

$485,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK NEMEC	CHAIR	1.00	Officer Director	$0	$0	$0
JUDY OLIAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK SCHEINBERG	TREASURER	1.00	Officer Director	$0	$0	$0
TRACY ESPY	SECRETARY	1.00	Officer Director	$0	$0	$0
RHONA FREE	PAST CHAIR	1.00	Director	$0	$0	$0
MARC CAMILLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PETILLO	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE BERGER-SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA CHAPDELAINE	DIRECTOR	1.00	Director	$0	$0	$0
JENS FREDERIKSEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD JACOB	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROTH	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE WARD	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE WILKEN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WIDNESS	PRESIDENT	40.00	Officer	$305,026	$54,283	$359,309
MAURA PROVENCHER	VICE PRESIDENT OF RESEARCH	40.00	Officer	$111,317	$15,103	$126,420

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	$677,649	$579,807	$1,199,262	$97,842
2024	$617,859	$536,063	$1,099,550	$81,796
2023	$602,863	$506,542	$990,754	$96,321
2022	$587,054	$514,571	$872,993	$72,483
2021	$589,294	$499,508	$871,581	$89,786
2020	$600,816	$556,908	$720,401	$43,908
2019	$632,719	$601,470	$743,834	$31,249

CONNECTICUT CONFERENCE OF INDEPENDENT COLLEGES