THE COMMUNITY FOUNDATION OF EASTERN CONNECTICUT INC (EIN 061080097) - 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

1982

Legal Domicile

Principal Officer

MARYAM ELAHI

Phone

8604423572

Tax Period

2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION OF EASTERN CONNECTICUT INC, founded in 1982, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $17.3M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.4M, a strong 43% operating margin.

Mission

COMMUNITY FOUNDATION ADVANCING AND LEVERAGING PHILANTHROPY TO CREATE A THRIVING AND EQUITABLE REGION.

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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 $10,489,234

Program Service Revenue $0

Investment Income $6,794,099

Other Revenue $0

TOTAL REVENUE $17,283,333

Expense Breakdown

Grants Paid $8,017,737

Salaries & Benefits $1,154,931

Fundraising Expenses $335,635

Program Expenses $8,779,060

Other Expenses $695,388

TOTAL EXPENSES $9,868,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,283,333	$10,396,872	+0.7%
Expenses	$9,868,056	$8,802,564	+0.1%
Net Income	$7,415,277	$1,594,308	+3.7%

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

100

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

$425,513

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET O'SHEA	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
NICHOLAS FORTSON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
LEE-ANN GOMES	TREASURER	4.00	Officer Director	$0	$0	$0
CAROL WILLIAMS	SECRETARY	4.00	Officer Director	$0	$0	$0
JOE DELONG	TRUSTEE	4.00	Director	$0	$0	$0
HARRY FERGUSON	TRUSTEE	4.00	Director	$0	$0	$0
SANDRA HALE	TRUSTEE	4.00	Director	$0	$0	$0
LEAH HARTMAN	TRUSTEE	4.00	Director	$0	$0	$0
IZASKUN LARRANETA	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL RAUH	TRUSTEE	4.00	Director	$0	$0	$0
BARBARA SAHAGAN	TRUSTEE	4.00	Director	$0	$0	$0
LEAH SCHAD	TRUSTEE	4.00	Director	$0	$0	$0
MARYAM ELAHI	PRESIDENT & CEO	40.00	Officer	$230,730	$50,924	$281,654
JANET GRANT	CFO	40.00	Officer	$127,061	$16,798	$143,859
JENNIFER O'BRIEN	PROGRAM DIRECTOR	40.00	Highest	$113,456	$23,829	$137,285
LAUREN PARDA	DIRECTOR OF DEVELOPMENT	40.00	Highest	$105,825	$23,888	$129,713

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	$17,283,333	$9,868,056	$121,799,726	$7,415,277
2022	$10,396,872	$8,802,564	$106,532,387	$1,594,308
2021	$10,480,728	$10,944,649	$123,416,332	$-463,921
2020	$12,199,583	$10,558,201	$114,066,639	$1,641,382
2020	$12,199,583	$10,558,201	$114,066,639	$1,641,382
2019	$8,178,198	$7,542,529	$99,818,189	$635,669
2018	$11,702,279	$8,309,034	$84,520,858	$3,393,245

THE COMMUNITY FOUNDATION OF EASTERN CONNECTICUT INC