NAUGATUCK VALLEY REGIONAL DEVELOPMENT CO (EIN 060854496) - 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

1968

Legal Domicile

Principal Officer

JAMES NARDOZZI

Phone

2033462607

Tax Period

2024-07-01 to 2025-06-30

NAUGATUCK VALLEY REGIONAL DEVELOPMENT CO, founded in 1968, is a small nonprofit that reported $323K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 59% operating margin.

Mission

CIVIC REDEVELOPMENT

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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 $125,000

Program Service Revenue $0

Investment Income $113,388

Other Revenue $84,272

TOTAL REVENUE $322,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,366

Other Expenses $130,856

TOTAL EXPENSES $130,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,660	$230,803	+0.4%
Expenses	$130,856	$226,234	-0.4%
Net Income	$191,804	$4,569	+41.0%

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
JONATHAN ALBERT	PRESIDENT	0.50	Director	$0	$0	$0
CARLOS A SANTOS	VICE PRESIDENT	0.50	Director	$0	$0	$0
CATHERINE AWWAD	SECRETARY	0.50	Director	$0	$0	$0
DAVID ROTATORI	TREASURER	0.50	Director	$0	$0	$0
HONORABLE PAUL PERNEREWSKI JR	DIRECTOR	0.50	Director	$0	$0	$0
HONORABLE N WARREN HESS	DIRECTOR	0.50	Director	$0	$0	$0
LYNN WARD	DIRECTOR	0.50	Director	$0	$0	$0
JAMES H GATLING	DIRECTOR	0.50	Director	$0	$0	$0
BELINDA ARCE LOPEZ	DIRECTOR	0.50	Director	$0	$0	$0
JAMES NARDOZZI	INTERIM CEO	0.50	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	$322,660	$130,856	$2,725,121	$191,804
2022	$194,925	$256,899	$1,851,197	$-61,974
2021	$33,511	$216,796	$1,833,288	$-183,285
2020	$-20,890	$89,761	$1,774,579	$-110,651
2019	$-42,552	$133,058	$1,933,165	$-175,610
2018	$-21,861	$397,027	$2,130,282	$-418,888

NAUGATUCK VALLEY REGIONAL DEVELOPMENT CO