NEW BRITAIN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHARTER OAK STATE COLLEGE FOUNDATION INC, founded in 1977, is a small nonprofit that reported $415K in total revenue in fiscal year 2022. Revenue surged 69% from the prior year, signaling strong growth momentum. Net assets of $2.6M represent 76 months of operating reserves.
THE FOUNDATION IS THE VEHICLE FOR ACCEPTING PRIVATE GIFTS, DONATIONS AND BEQUESTS IN ORDER TO AWARD SCHOLARSHIPS, GRANTS, AND FINANCIAL ASSISTANCE TO DESERVING, LOW-INCOME, OR UNDEREMPLOYED ADULT STUDENTS; AND ENCOURAGE TECHNOLOGICAL INITIATIVES THAT ENABLE THE COLLEGE TO BE A LEADER IN HIGHER EDUCATION.
THE FOUNDATION SCHOLARSHIPS AND GRANTS PROGRAMS GIVES STUDENTS THE OPPORTUNITY TO APPLY FOR FINANCIAL HELP THROUGH THE AWARDING OF SCHOLARSHIP, GRANTS, EMERGENCY FUNDING, AND CREDIT FOR PRIOR...
THE FOUNDATION SCHOLARSHIPS AND GRANTS PROGRAMS GIVES STUDENTS THE OPPORTUNITY TO APPLY FOR FINANCIAL HELP THROUGH THE AWARDING OF SCHOLARSHIP, GRANTS, EMERGENCY FUNDING, AND CREDIT FOR PRIOR LEARNING AWARDS. THE AWARDS ARE GIVEN TO RELIEVE FINANCIAL BARRIERS THAT OFTEN PREVENT OUR MOTIVATED ADULT LEARNERS FROM PURSUING AND COMPLETING A HIGHER EDUCATION DEGREE; TO PROVIDE FINANCIAL ASSISTANCE TO VERIFY CREDITS EARNED FOR PRIOR LEARNING, THROUGH TESTING AND PORTFOLIO EVALUATIONS; AND ALSO TO PROVIDE FUNDING TO STUDENTS THAT ARE EXPERIENCING AN UNEXPECTED FINANCIAL CRISIS. ADDITIONALLY, GENEROUS DONORS HAVE ESTABLISHED NAMED ENDOWMENT FUNDS, IN PERPETUITY, WITH THE INTENT OF AWARDING SCHOLARSHIPS SPECIFIC TO THE CRITERIA OUTLINED FOR EACH FUND. THE FOUNDATION AWARDS FUNDING TO APPROXIMATELY 75 STUDENTS.
PATHWAYS
WOMEN IN TRANSITION PROGRAM (WIT) - ESTABLISHED IN 2000 TO BREAK THE CYCLE OF POVERTY, THE WIT PROGRAM IS A PROVEN FORMULA THAT HELPS LOW-INCOME SINGLE MOTHERS EARN A COLLEGE DEGREE WITH NO TO...
WOMEN IN TRANSITION PROGRAM (WIT) - ESTABLISHED IN 2000 TO BREAK THE CYCLE OF POVERTY, THE WIT PROGRAM IS A PROVEN FORMULA THAT HELPS LOW-INCOME SINGLE MOTHERS EARN A COLLEGE DEGREE WITH NO TO MINIMAL DEBT. THE PROGRAM ELIMINATES BARRIERS SUCH AS, COVERS THE COST OF TUITION, FEES, AND BOOKS; AND PROVIDES THE NECESSARY TECHNOLOGY AND ACCESS. WHILE THE COLLEGE PLATFORM ADDRESSES HOME FRONT, CHILDCARE, AND TRANSPORTATION CHALLENGES; PLUS OFFERS ACADEMIC SUPPORT, TUTORING, AND COACHING. THE SUPPORT AND RESOURCES STRATEGICALLY REMOVE HINDRANCES, ENABLING STUDENTS TO FOCUS ON THEIR STUDIES AND REACH DEGREE COMPLETION. THE PROGRAM AWARDS ASSISTANCE TO APPROXIMATELY 35 WOMEN EACH ACADEMIC YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $414,810 | $245,523 | +0.7% |
| Expenses | $413,554 | $172,621 | +1.4% |
| Net Income | $1,256 | $72,902 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NEAL CUNNINGHAM | PRESIDENT | 0.00 |
Officer
Director
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$0 | $0 | $0 |
| JOYCE PETRELLA | VICE PRESIDENT | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLENN DAVIS | TREASURER | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE WAXMAN | SECRETARY | 0.00 |
Officer
Director
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$0 | $0 | $0 |
| TRACY ALLEN | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| MARCIA ANDERSON-ESSON | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| DAVID CALIBEY | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| JULIO CASIANO | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| ANNE ELWELL | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| JASON JAKUBOWSKI | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| CECILIA KOZLOWSKI | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| SUSAN LEWIS | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| DANIEL PURUSHOTHAM | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| STEVEN TAYLOR | DIRECTOR | 0.00 |
Director
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$0 | $0 | $0 |
| BETSY UDAL | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| CAROL HALL | EXECUTIVE DIRECTOR | 0.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $414,810 | $413,554 | $2,642,214 | $1,256 |
| 2022 | $245,523 | $172,621 | $2,434,416 | $72,902 |
| 2021 | $488,544 | $151,081 | $2,804,751 | $337,463 |
Compare CHARTER OAK STATE COLLEGE FOUNDATION INC with other nonprofits in Connecticut and across the country.