CONNECTICUT BAPTIST HOMES INC

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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

1983

Legal Domicile

Principal Officer

PATRICIA MORSE

Phone

2032371206

Tax Period

2024-10-01 to 2025-09-30

CONNECTICUT BAPTIST HOMES INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $26.0M in total revenue in fiscal year 2024.

Mission

RECOGNIZING THE VALUE OF EACH INDIVIDUAL AND GUIDED BY OUR COMMITMENT TO EXCELLENCE AND QUALITY, OUR MISSION AS A FAITH-BASED ORGANIZATION AFFILIATED WITH THE AMERICAN BAPTIST CHURCHES OF CONNECTICUT IS TO PROVIDE COMPASSIONATE CARE AND SERVICES TO OLDER PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $16,619,568 Revenue: $18,951,688

OUR SKILLED NURSING AND INTERMEDIATE CARE UNITS COMBINED WITH RESIDENTIAL LIVING PROVIDE REHABILITATIVE SERVICES, NURSING CARE AND SUPPORTED LIVING IN A CONTINUUM THAT SUPPORTS RESIDENTS MAXIMUM...

OUR SKILLED NURSING AND INTERMEDIATE CARE UNITS COMBINED WITH RESIDENTIAL LIVING PROVIDE REHABILITATIVE SERVICES, NURSING CARE AND SUPPORTED LIVING IN A CONTINUUM THAT SUPPORTS RESIDENTS MAXIMUM INDEPENDENCE, DIGNITY, AND CHOICE IN A FAITH-BASED, MISSION DRIVEN SETTING.

Program 2

Expenses: $4,154,892 Revenue: $4,737,922

OUR INDEPENDENT LIVING COMMUNITY PROVIDES APARTMENT LIVING FOR SENIORS ON A MONTHLY BASIS THAT SUPPORTS RESIDENTS MAXIMUM INDEPENDENCE, DIGNITY, AND CHOICE IN A FAITH-BASED, MISSION DRIVEN SETTING.

Program 3

Expenses: $1,093,392 Revenue: $1,246,822

OUR ASSISTED LIVING SERVICES AGENCY PROVIDES ASSISTED LIVING SERVICES TO INDIVIDUALS IN OUR INDEPENDENT LIVING COMMUNITY IN ORDER TO MAINTAIN THEIR ABILITY TO LIVE INDEPENDENTLY, MAXIMIZE THEIR...

OUR ASSISTED LIVING SERVICES AGENCY PROVIDES ASSISTED LIVING SERVICES TO INDIVIDUALS IN OUR INDEPENDENT LIVING COMMUNITY IN ORDER TO MAINTAIN THEIR ABILITY TO LIVE INDEPENDENTLY, MAXIMIZE THEIR INDEPENDENCE, DIGNITY AND CHOICE IN A FAITH-BASED MISSION DRIVEN SETTING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $45,235

Program Service Revenue $24,936,432

Investment Income $989,302

Other Revenue $65,155

TOTAL REVENUE $26,036,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,367,699

Fundraising Expenses $0

Program Expenses $21,867,852

Other Expenses $12,294,736

TOTAL EXPENSES $26,662,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,036,124	$25,424,738	+0.0%
Expenses	$26,662,435	$26,424,129	+0.0%
Net Income	$-626,311	$-999,391	-0.4%

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

758

Volunteers

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

$540,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER YOUNG	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
REV HOPETON SCOTT	VICE-CHAIRPERSON	0.50	Officer Director	$0	$0	$0
REV MARGARET D LEWIS	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVE JONES	DIRECTOR	0.50	Director	$0	$0	$0
DAVID MARTINO	DIRECTOR	0.50	Director	$0	$0	$0
JOYCE OLORE	DIRECTOR	0.50	Director	$0	$0	$0
MARCIA SARRAZIN	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW JENINGS	DIRECTOR	0.50	Director	$0	$0	$0
REV RICHARD J DOYLE	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT AVENA ESQ	DIRECTOR	0.50	Director	$0	$0	$0
VICTORIA O ODESINA	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM MCMUNN	DIRECTOR	0.50	Director	$0	$0	$0
FRANK AMAZEEN	DIRECTOR (UNTIL 01/2025)	0.50	Director	$0	$0	$0
PATRICIA MORSE	PRESIDENT AND CEO	40.00	Officer	$279,522	$38,745	$318,267
SHAUN MASTROIANNI	COO OF BROOKLYN CAMPUS & ADMINISTRATOR	40.00	Officer	$180,204	$41,883	$222,087
ASHA KISTOO	AR MANAGER	40.00	Highest	$105,711	$40,770	$146,481
ELIZABETH CROWLEY	DIRECTOR OF NURSING	40.00	Highest	$132,359	$16,711	$149,070
COLETTE EMERY	EXECUTIVE DIRECTOR	40.00	Highest	$131,462	$31,996	$163,458
COURTNEY SCOTTI	RN	40.00	Highest	$140,300	$33,486	$173,786
ALETA ABAYAO	RN	40.00	Highest	$126,979	$38,480	$165,459

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	$26,036,124	$26,662,435	$47,252,784	$-626,311
2024	$25,424,738	$26,424,129	$44,389,808	$-999,391
2023	$25,539,522	$22,863,984	$42,721,900	$2,675,538
2022	$19,908,575	$20,909,866	$40,131,461	$-1,001,291
2021	$18,180,923	$18,008,426	$42,376,965	$172,497
2020	$7,365,105	$7,233,637	$9,831,758	$131,468
2019	$6,752,189	$6,741,720	$8,958,456	$10,469
2018	$6,223,259	$6,491,147	$9,061,758	$-267,888