THE BUSINESS COUNCIL OF FAIRFIELD COUNTY CONNECTICUT INC

EIN: 060865939

STAMFORD, CT

Total Revenue
$3,260,499
Total Expenses
$1,599,759
Total Assets
$41,743
Net Assets
$25,712
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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
CT
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 BUSINESS COUNCIL WAS A NATIONALLY RESPECTED AND INFLUENTIAL REGIONAL NETWORK OF BUSINESS LEADERS, COMMITTED TO STRENGTHENING THE ECONOMIC VITALITY OF THE REGION AND PERFORMANCE OF ITS MEMBER FIRMS THROUGH RESEARCH-BASED PUBLIC POLICY INITIATIVES, INFORMATION SERVICES AND NETWORK BUILDING PROGRAMS.

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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%)

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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

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Governance

Voting Members
16
Independent Members
16
Employees
8
Volunteers
16

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
5
$405,450
Total Directors
16
$0
Key Employees
1
$285,537
Highest Compensated
3
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
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