Connecticut Minority Supplier Development Council (EIN 061025890) - 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

1985

Legal Domicile

Principal Officer

Peter F Hurst Jr

Phone

2032889744

Tax Period

2023-01-01 to 2023-12-31

Connecticut Minority Supplier Development Council, founded in 1985, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $443K, a strong 20% operating margin.

Mission

Assisting minority owned companies in establishing and promoting their business by fostering business relationships between minority suppliers and major purchasers.

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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 $1,857,709

Program Service Revenue $191,550

Investment Income $39,914

Other Revenue $111,485

TOTAL REVENUE $2,200,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,319,644

Fundraising Expenses $107,202

Program Expenses $1,379,047

Other Expenses $438,192

TOTAL EXPENSES $1,757,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,200,658	$1,831,252	+0.2%
Expenses	$1,757,836	$1,417,207	+0.2%
Net Income	$442,822	$414,045	+0.1%

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

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

$301,090

Total Directors

$301,090

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter F Hurst Jr	President & CEO	40.0	Officer Director	$255,000	$46,090	$301,090
James Linehan	Chairman	1.0	Officer Director	$0	$0	$0
Francisco Vasquez	Director	1.0	Director	$0	$0	$0
Marc Hamm	Director	1.0	Director	$0	$0	$0
April Cimorelli	Director	1.0	Director	$0	$0	$0
Ruth Johnson	Vice Chair	1.0	Officer Director	$0	$0	$0
Andreas Arnold	Director	1.0	Director	$0	$0	$0
Arvin Chaudhary	Director	1.0	Director	$0	$0	$0
Ramesh Wadhwani	Director	1.0	Director	$0	$0	$0
Sean Cogdell	Treasurer	1.0	Officer Director	$0	$0	$0
Monette Knapik	Director	1.0	Director	$0	$0	$0
Inga Lee Puentes	Director	1.0	Director	$0	$0	$0
Anthony Samuels	Director	1.0	Director	$0	$0	$0
Jo-Ann Schlick	Director	1.0	Director	$0	$0	$0
Michael White	Director	1.0	Director	$0	$0	$0
Ramon Peralta	Director	1.0	Director	$0	$0	$0
Jerry Epps	Director	1.0	Director	$0	$0	$0
Saken Khokhar	Director	1.0	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	No data	No data	No data	No data
2023	$2,200,658	$1,757,836	$2,500,695	$442,822
2022	$1,831,252	$1,417,207	$2,034,113	$414,045
2021	$1,411,834	$986,401	$1,812,694	$425,433
2020	$1,175,638	$812,197	$1,433,918	$363,441
2019	$1,014,635	$851,784	$930,613	$162,851
2018	$1,087,646	$1,054,431	$672,605	$33,215

Connecticut Minority Supplier Development Council