THE BUSINESS COUNCIL OF FAIRFIELD CONNECTICUT FOUNDATION INC

EIN: 060986055 501(c)(3)

STAMFORD, CT

Total Revenue
$413,234
Total Expenses
$1,609,639
Total Assets
$155,083
Net Assets
$286
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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
1978
Legal Domicile
CT
Principal Officer
PAMELA ELKOW
Phone
2034254200
Tax Period
2019-07-01 to 2020-06-30

THE BUSINESS COUNCIL OF FAIRFIELD CONNECTICUT FOUNDATION INC, founded in 1978, is a small nonprofit that reported $413K in total revenue in fiscal year 2019. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 290% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE WAS TO PROVIDE FUNDS FOR EDUCATIONAL AND CHARITABLE PROJECTS, LINKING EDUCATIONAL AND OTHER NON-PROFIT ORGANIZATIONS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $346,203
Program Service Revenue $83,582
Investment Income $0
Other Revenue $-16,551
TOTAL REVENUE $413,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,586
Fundraising Expenses $0
Program Expenses $124,737
Other Expenses $1,605,053
TOTAL EXPENSES $1,609,639

Year-over-Year Comparison

2019 2018 Change
Revenue $413,234 $533,114 -0.2%
Expenses $1,609,639 $214,775 +6.5%
Net Income $-1,196,405 $318,339 -4.8%
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
5
Independent Members
5
Employees
1
Volunteers
7

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
5
$405,450
Total Directors
7
$405,450
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BRUHL PRESIDENT & CEO (THRU 01/2020) 0.50
Officer Director
$0 $54,761 $405,450
JOHN R CIULLA CHAIRMAN 1.00
Officer Director
$0 $0 $0
JAMES E FITZGERALD JR VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
PAMELA K ELKOW SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
DARRELL HARVEY DIRECTOR 0.50
Director
$0 $0 $0
KAREN JEFFERS DIRECTOR 0.50
Director
$0 $0 $0
ERIN FYLNN PRESIDENT & CEO (01/2020-03/2020) 0.50
Officer 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
2020 $413,234 $1,609,639 $155,083 $-1,196,405
2019 $533,114 $214,775 $1,392,528 $318,339
2018 $537,210 $340,517 $991,275 $196,693
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