EASTCONN REGIONAL EDUCATIONAL SERVICE CENTER INCORPORATED (EIN 061023768) - 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

1980

Legal Domicile

Principal Officer

Eric Protulis

Phone

8604550707

Tax Period

2023-07-01 to 2024-06-30

EASTCONN REGIONAL EDUCATIONAL SERVICE CENTER INCORPORATED, founded in 1980, is a mid-sized nonprofit that reported $47.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $54.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

EASTCONN, in service to others, will empower all learners to achieve academic and personal excellence by advocating for innovative partnerships that can have a transformative impact on individuals, schools, and communities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,361,177

Program Service Revenue $25,112,883

Investment Income $84,597

Other Revenue $252,389

TOTAL REVENUE $47,811,046

Expense Breakdown

Grants Paid $3,721,982

Salaries & Benefits $35,773,187

Fundraising Expenses $0

Program Expenses $49,621,225

Other Expenses $14,806,760

TOTAL EXPENSES $54,301,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,811,046	$50,914,000	-0.1%
Expenses	$54,301,929	$52,744,550	+0.0%
Net Income	$-6,490,883	$-1,830,550	+2.5%

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

1409

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

$254,713

Total Directors

Key Employees

$1,116,588

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Protulis	Executive Director	40	Officer Highest	$223,727	$30,986	$254,713
Amy Margenlony	Director of Special Services	40	Key Emp Highest	$144,554	$33,259	$177,813
Andrew DePalma	Director of Information Technology	40	Highest	$133,461	$37,146	$170,607
Melanie Marcaccio	Director of HR	40	Key Emp	$129,966	$36,839	$166,805
Kristin Hempel	Director of Adult Education	40	Key Emp	$130,842	$33,257	$164,099
Diane Dugas	Director of Teaching and Learning	40	Key Emp Highest	$151,492	$11,309	$162,801
Patricia Proctor	CFO	40	Key Emp Highest	$158,543	$1,025	$159,568
Diane Gozemba	Director of Early Childhood Programs	40	Key Emp	$132,746	$20,658	$153,404
Kimberly Bush	Director of Transportation	40	Key Emp	$96,959	$35,139	$132,098
Justin Phaiah	Director, Chair	5	Officer Director	$0	$0	$0
Sonia Greene	Director, Vice Chair	5	Officer Director	$0	$0	$0
Katherine Paulhus	Director, Treasurer	5	Officer Director	$0	$0	$0
Amy Blank	Director	1	Director	$0	$0	$0
Jennifer Beausoleil	Director	1	Director	$0	$0	$0
Terry Cote	Director	1	Director	$0	$0	$0
Maryellen Donnelly	Director	1	Director	$0	$0	$0
Sara Kelley	Director	1	Director	$0	$0	$0
Michael Morrill	Director	1	Director	$0	$0	$0
Barbara Riley	Director	1	Director	$0	$0	$0
Sarah Haynes	Director	1	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
2024	$47,811,046	$54,301,929	$22,883,611	$-6,490,883

EASTCONN REGIONAL EDUCATIONAL SERVICE CENTER INCORPORATED