CANDLEWOOD TAX DISTRICT

EIN: 060975672

SHERMAN, CT

Total Revenue
$248,837
Total Expenses
$279,427
Total Assets
N/A
Net Assets
N/A
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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
1974
Legal Domicile
CT
Principal Officer
ROY VAZQUEZ
Phone
8603548327
Tax Period
2018-07-01 to 2019-06-30

CANDLEWOOD TAX DISTRICT, founded in 1974, is a small nonprofit that reported $249K in total revenue in fiscal year 2018. Expenses of $279K exceeded revenue, resulting in a 12% operating deficit.

Mission

GENERAL PROPERTY MAINTENANCE

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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 (2018)

Revenue Breakdown

Contributions & Grants $21,032
Program Service Revenue $226,019
Investment Income $1,786
Other Revenue $0
TOTAL REVENUE $248,837

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $279,427
Other Expenses $279,427
TOTAL EXPENSES $279,427

Year-over-Year Comparison

2018 2017 Change
Revenue $248,837 $259,172 0.0%
Expenses $279,427 $303,735 -0.1%
Net Income $-30,590 $-44,563 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
1
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
4
$19,985
Total Directors
8
$19,985
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM DERBY PRESIDENT N/A
Officer Director
$8,000 $0 $8,000
FRANK ZIPP VICE PRESIDENT N/A
Officer Director
$0 $0 $0
ROY VAZQUEZ TREASURER 010.00
Officer Director
$9,235 $0 $9,235
CYNTHIA DERBY SECRETARY N/A
Officer Director
$2,750 $0 $2,750
MELODY DERBY BD MEMBER N/A
Director
$0 $0 $0
JOHN ESPOSITO BD MEMBER N/A
Director
$0 $0 $0
SPENCER MYLES BD MEMBER N/A
Director
$0 $0 $0
BARBARA THOMPSON BD MEMBER N/A
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
2019 $248,837 $279,427 No data $-30,590
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