COLUMBIAN CHARITIES OF CT INC (EIN 060972133) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

JOSEPH C RAHTELLI

Phone

2034267776

Tax Period

2022-07-01 to 2023-06-30

COLUMBIAN CHARITIES OF CT INC, founded in 1977, is a small nonprofit that reported $124K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $157K exceeded revenue, resulting in a 27% operating deficit.

Mission

CHARITABLE ORGANIZATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $138,003

Program Service Revenue $0

Investment Income $66

Other Revenue $-14,218

TOTAL REVENUE $123,851

Expense Breakdown

Grants Paid $149,749

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,749

Other Expenses $7,486

TOTAL EXPENSES $157,235

Year-over-Year Comparison

	2022	2021	Change
Revenue	$123,851	$151,186	-0.2%
Expenses	$157,235	$151,092	+0.0%
Net Income	$-33,384	$94	-356.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH RAHTELLI	PRESIDENT	5.00	Officer	$0	$0	$0
WILLIAM MACNAMARA	SECRETARY	5.00	Officer	$0	$0	$0
KEVIN GLAZIER	TREASURER	5.00	Officer	$0	$0	$0
MIKE GRIMMELLI	VICE PRESIDENT	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$123,851	$157,235	$90,897	$-33,384
2022	$151,186	$151,092	$124,282	$94
2021	$166,190	$114,993	$124,188	$51,197
2020	$134,406	$136,936	$72,945	$-2,530
2019	$186,824	$185,373	$75,475	$1,451
2018	$201,400	$201,918	$74,024	$-518

COLUMBIAN CHARITIES OF CT INC