CONNECTICUT EDUCATION ASSOCIATION

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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

1960

Legal Domicile

Principal Officer

Lillian Perone

Phone

2038692864

Tax Period

2023-07-01 to 2024-06-30

CONNECTICUT EDUCATION ASSOCIATION, founded in 1960, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Expenses of $254K left a modest 5% surplus.

Mission

We keep members informed about educational issues at the local, state and national level. We promote the use of sound educational practices and encourage members to take part in training and workshops that encourage these activities. We fund attendance at workshops, conferences, and meetings related to education.

Program Service Accomplishments

Program 1

Expenses: $23,073

State and National Conventions, Training Workshops, Meetings: National Convention (3 attending = $4600) State Convention (3 attending = $167) 3 County Council Meetings (complimentary attendance)...

State and National Conventions, Training Workshops, Meetings: National Convention (3 attending = $4600) State Convention (3 attending = $167) 3 County Council Meetings (complimentary attendance) Summer Leadership Conference (complimentary attendance). We provided funding to the expenses required to hold the following meetings and membership services: 9 General Monthly Meetings (40-65 attending each meeting); Meetings held with PTA Council, Board of Education, and Community members; Programs for Retirees; Membership Annual Meeting; Teacher Recognition Program; contract negotiation meetings; meetings to inform members of educational issues and initiatives.

Program 2

Expenses: $9,457

We maintain an office space for our Association. The expenses include occupancy, insurance, office supplies, and information technology.

Program 3

Expenses: $18,650

Donations to Barnard Memorial Fund to aid CEA retirees in the state = $1800. $3750 donated to the GEA Scholarship Fund by the GEA. $100 donated to the CEF Scholarship provided by the State Affiliate (CEA). $3850 donated to pay for memberships for 7 newly retired members to the State (CEA) and National (NEA) Affiliates. $6600 donated to to GEA Scholarship Fund in the name of 12 newly retired members. 24 merit scholarships of $500 each were given to college-bound students of the Board of Education and/or the membership-at-large.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $265,162

Investment Income $598

Other Revenue $0

TOTAL REVENUE $265,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,739

Fundraising Expenses $0

Program Expenses $253,525

Other Expenses $56,786

TOTAL EXPENSES $253,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,760	$250,935	+0.1%
Expenses	$253,525	$244,896	+0.0%
Net Income	$12,235	$6,039	+1.0%

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

N/A

Volunteers

875

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

$195,413

Total Directors

Key Employees

$161,803

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lillian Perone	President	40	Officer Key Emp Highest	$29,660	$0	$160,477
Lori Mulligan	Vice President - Secondary Schools/Co-Treasurer	12	Officer	$8,177	$0	$8,177
Christine Distel	Vice President - Communications	8	Officer	$6,127	$0	$6,127
Melissa D'Amato	Vice President - Elementary Schools	8	Officer	$5,951	$0	$5,951
Charles Costello	PR&R Grievance Chairperson	8	Officer	$5,212	$0	$5,212
Jessica Punchatz	Vice President - Membership	8	Officer	$4,860	$0	$4,860
Courtney Powers	Secretary	6	Officer	$4,609	$0	$4,609
Margaret Jackins	High School Representative	3	Key Emp	$810	$0	$810
Maria Jukic	Middle School Representative	2	Key Emp	$516	$0	$516

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	No data	No data	No data	No data
2024	$265,760	$253,525	$445,084	$12,235
2023	$250,935	$244,896	$432,849	$6,039
2022	$228,279	$222,207	$426,810	$6,072
2021	$237,850	$207,336	$420,738	$30,514