ASSOCIATION OF RETIRED TEACHERS OF CT INC (EIN 060857996) - 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

1949

Legal Domicile

Principal Officer

CAROL NOBLE

Phone

8606499457

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF RETIRED TEACHERS OF CT INC, founded in 1949, is a small nonprofit that reported $276K in total revenue in fiscal year 2024. Expenses of $306K exceeded revenue, resulting in a 11% operating deficit.

Mission

ARTC'S MISSION IS TO CONTINUE TO MAINTAIN A HIGH LEVEL OF SERVICE FOR OUR MEMBERS AS WELL AS BRING NEW PROGRAMS TO ENHANCE THEIR LIFESTYLE.

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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 $255,988

Program Service Revenue $15,494

Investment Income $4,857

Other Revenue $0

TOTAL REVENUE $276,339

Expense Breakdown

Grants Paid $4,718

Salaries & Benefits $177,108

Fundraising Expenses $0

Program Expenses $68,760

Other Expenses $123,781

TOTAL EXPENSES $305,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,339	$269,729	+0.0%
Expenses	$305,607	$281,697	+0.1%
Net Income	$-29,268	$-11,968	+1.4%

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

N/A

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

$57,978

Total Directors

$1,746

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY L GOWASH	EXECUTIVE DI	40.00	Officer	$56,232	$0	$56,232
CAROL NOBLE	PRESIDENT	1.00	Officer Director	$915	$0	$915
CAROL CHASE	VICE PRESIDE	1.00	Officer Director	$462	$0	$462
DEBBIE DE RIENZ	TREASURER	1.00	Officer Director	$369	$0	$369
TOM SINGLETON	IMM. PAST PR	1.00	Officer 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	$276,339	$305,607	$645,818	$-29,268
2024	$269,729	$281,697	$629,143	$-11,968
2023	$289,437	$232,087	$633,850	$57,350
2022	$225,385	$223,249	$605,550	$2,136
2021	$233,808	$219,863	$648,774	$13,945
2020	$228,966	$229,607	$531,554	$-641

ASSOCIATION OF RETIRED TEACHERS OF CT INC