THE BUSINESS COUNCIL OF FAIRFIELD … - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

PAMELA ELKOW

Phone

2034254200

Tax Period

2019-07-01 to 2020-06-30

THE BUSINESS COUNCIL OF FAIRFIELD COUNTY CONNECTICUT INC, founded in 1970, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2019. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 51% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED TO ENHANCE ECONOMIC HEALTH AND QUALITY OF LIFE IN THE REGION. THE ORGANIZATION PERFORMED VARIOUS INFORMATIONAL AND EDUCATIONAL SERVICES FOR ITS MEMBER ORGANIZATIONS.

Program Service Accomplishments

Program 1

THE BUSINESS COUNCIL FUNCTIONS WAS A LEADERSHIP NETWORK, LINKED STRATEGICALLY TO OTHER NETWORKS. THE ACTIVITIES MAY BE CATEGORIZED AS: ADVOCACY: DIRECTORS AND MEMBERS SEEK STATE AND NATIONAL POLICY OBJECTIVES, SERVED BY A PROFESSIONAL STAFF AND WITH OUTSIDE PROFESSIONAL COUNSEL, AS NEEDED. DIRECT ACTION: MANAGED MINI-NETWORKS ARE ORGANIZED FOR BEST PRACTICE SHARING AND COOPERATIVE ACTION. PROFESSIONAL DEVELOPMENT AND TRAINING: UNIQUE, SMALL GROUP OPPORTUNITIES FOR GROWTH. INFORMATION SERVICES: DATA, ANALYSIS, PUBLICATIONS AND TAILORED SERVICES. EVENTS: A WIDE RANGE OF EVENT FORMATS, TOPICS AND LOCATIONS REINFORCE THE VALUE OF THE LEADERSHIP NETWORK.

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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 (2019)

Revenue Breakdown

Contributions & Grants $211,500

Program Service Revenue $1,117,600

Investment Income $0

Other Revenue $1,931,399

TOTAL REVENUE $3,260,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,228,393

Fundraising Expenses $0

Other Expenses $371,366

TOTAL EXPENSES $1,599,759

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,260,499	$1,847,621	+0.8%
Expenses	$1,599,759	$2,075,730	-0.2%
Net Income	$1,660,740	$-228,109	-8.3%

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

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

$405,450

Total Directors

Key Employees

$285,537

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BRUHL	PRESIDENT AND CEO (THRU 01/2020)	40.00	Officer	$350,689	$54,761	$405,450
JOSEPH MCGEE	VP, PUBLIC POLICY	40.00	Key Emp	$248,195	$37,342	$285,537
LISA J MERCURIO	VP, FCIE	40.00	Highest	$118,127	$37,550	$155,677
CYNTHIA LYON	VP, HIGHER EDUCATION	40.00	Highest	$103,515	$36,335	$139,850
RANDI NORUM	CONTROLLER	40.00	Highest	$100,950	$19,362	$120,312
JOHN R CIULLA	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JAMES E FITZGERALD JR	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
PAMELA ELKOW	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DARRELL HARVEY	DIRECTOR	0.50	Director	$0	$0	$0
JENNFIER TOMBAUGH	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN GOLD	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT W DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT J GRANATA	DIRECTOR	0.50	Director	$0	$0	$0
KAREN JEFFERS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL LABELLA	DIRECTOR	0.50	Director	$0	$0	$0
MANISH MADHAVANI	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN SILARD	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER ZIEGLER	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE BARRIOS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL INGLESE	DIRECTOR	0.50	Director	$0	$0	$0
ROGER KRANENBURG	DIRECTOR	0.50	Director	$0	$0	$0
ERIN FLYNN	PRESIDENT AND CEO (01/2020-03/2020)	40.00	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
2020	$3,260,499	$1,599,759	$41,743	$1,660,740
2019	$1,847,621	$2,075,730	$348,186	$-228,109
2018	$1,909,542	$2,047,685	$187,716	$-138,143

THE BUSINESS COUNCIL OF FAIRFIELD COUNTY CONNECTICUT INC