Connecticut Restaurant Association Inc

EIN: 060872410

Wethersfield, CT

Total Revenue
$1,120,722
Total Expenses
$1,053,190
Total Assets
$968,211
Net Assets
$878,359
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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
1961
Legal Domicile
CT
Principal Officer
Keith Beaulieu
Phone
8602788008
Tax Period
2024-01-01 to 2024-12-31

Connecticut Restaurant Association Inc, founded in 1961, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 6% surplus.

Mission

CRA is a statewide trade Organization for restaurants and restaurant affiliates. We advocate for members at the State Government level and provide discounted services for members.

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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 (2024)

Revenue Breakdown

Contributions & Grants $288,748
Program Service Revenue $548,012
Investment Income $0
Other Revenue $283,962
TOTAL REVENUE $1,120,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $552,419
Fundraising Expenses $0
Other Expenses $500,771
TOTAL EXPENSES $1,053,190

Year-over-Year Comparison

2024 2023 Change
Revenue $1,120,722 $1,068,764 +0.0%
Expenses $1,053,190 $977,601 +0.1%
Net Income $67,532 $91,163 -0.3%
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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Governance

Voting Members
25
Independent Members
25
Employees
5
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
8
$225,000
Total Directors
17
$0
Key Employees
1
$225,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Beaulieu Chairman 1.00
Officer
$0 $0 $0
Christina Fitzgerald Secretary 1.00
Officer
$0 $0 $0
Tim Adams Legislative Chairman (Restaurants) 1.00
Officer
$0 $0 $0
Doug Polistena Legislative Chairman (Caterers) N/A
Officer
$0 $0 $0
Scott Miller Vice-Chairman 1.00
Officer
$0 $0 $0
Philip Barnett Treasurer 1.00
Officer
$0 $0 $0
Dan Meiser Immediate Past Chairman 1.00
Officer
$0 $0 $0
Steven Abrams Director 1.00
Director
$0 $0 $0
AJ Aurrichio Director 1.00
Director
$0 $0 $0
Suzanne Cannon Director 1.00
Director
$0 $0 $0
Bryce Hardy Director 1.00
Director
$0 $0 $0
Bill Taibe Director 1.00
Director
$0 $0 $0
Olivia Formica Director 1.00
Director
$0 $0 $0
Jason Guyot Director 1.00
Director
$0 $0 $0
Michael Marchetti Director 1.00
Director
$0 $0 $0
Ryan O'Donnell Director 1.00
Director
$0 $0 $0
Luke Venner Director 1.00
Director
$0 $0 $0
Brian Phelps Director 1.00
Director
$0 $0 $0
Don Stevens Director 1.00
Director
$0 $0 $0
Jonathan Jennings Director 1.00
Director
$0 $0 $0
Stephen Tagliatela Director 1.00
Director
$0 $0 $0
Scott Dolch Director 40.00
Officer Key Emp
$225,000 $0 $225,000
Helmar Wolf Director 1.00
Director
$0 $0 $0
Matt Storch Director 1.00
Director
$0 $0 $0
Emily Mingrone Director 1.00
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
2024 $1,120,722 $1,053,190 $968,211 $67,532
2023 $1,068,764 $977,601 $903,081 $91,163
2022 $896,240 $840,928 $815,659 $55,312
2021 $846,615 $736,146 $762,471 $110,469
2020 $525,966 $515,058 $635,070 $10,908
2019 $659,091 $514,290 $625,036 $144,801
2018 $527,407 $426,483 $477,924 $100,924
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