NEW HAVEN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHILDREN IN PLACEMENT INC, founded in 1987, is a small nonprofit that reported $522K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.
THE ORGANIZATION PROVIDES ADVOCACY, MONITORING, AND GUARDIAN AD LITEM SERVICES TO CHILDREN IN THE CONNECTICUT FOSTER CARE SYSTEM.
CHILDREN IN PLACEMENT TRAINED 7 NEW VOLUNTEERS, PROVIDED 4,389 VOLUNTEER HOURS, 183 CHILDREN WERE ASSISTED, 85 CHILDREN RECEIVED PERMANENT PLACEMENT IN A SAFE HOME.CHILDREN IN PLACEMENT RECRUITS...
CHILDREN IN PLACEMENT TRAINED 7 NEW VOLUNTEERS, PROVIDED 4,389 VOLUNTEER HOURS, 183 CHILDREN WERE ASSISTED, 85 CHILDREN RECEIVED PERMANENT PLACEMENT IN A SAFE HOME.CHILDREN IN PLACEMENT RECRUITS, TRAINS AND SUPERVISES AN ETHNICALLY AND RACIALLY DIVERSE POOL OF LOCAL VOLUNTEERS TO BECOME GUARDIANS AD LITEM ("GAL") IN CONNECTICUT COURTS. AFTER UNDERGOING RIGOROUS SCREENING AND CRIMINAL BACKGROUND AND SEX OFFENDER REGISTRY CHECKS, GAL VOLUNTEERS THEN COMPLETE 40 HOURS OF INTENSE TRAINING BEFORE THEIR CASE ASSIGNMENTS AND 12 HOURS OF INSERVICE TRAINING FOR EACH SUBSEQUENT YEAR. GALS ARE AUTHORIZED BY THE COURT TO INVESTIGATE THE NEEDS OF THE WHOLE CHILD, INCLUDING INTERVIEWING THE CHILD, BIOLOGICAL AND FOSTER PARENTS, EDUCATORS, HEALTH CARE PROVIDERS, THERAPISTS AND OTHERS WHO MAY BE INVOLVED IN THE CHILD'S LIFE.IN ADDITION, CIP OFFERS A TRANSITIONAL SUPPORT PROGRAM FOR YOUTH AT RISK. BY PAIRING A CONSISTENT ADULT WITH A YOUTH, TRUST IS EARNED, VALUED AND SKILLS ARE LEARNED TO BECOME THRIVING, CONTRIBUTING ADULTS.FOR THE YEAR ENDED JUNE 30, 2025, CHILDREN IN PLACEMENT RECEIVED DONATED SERVICES OF $131,670 BASED UPON TOTAL GAL VOLUNTEER HOURS OF 4,389 VALUED AT $30 PER HOUR. ALTHOUGH CHILDREN IN PLACEMENT RECOGNIZES THE VALUE OF THE SERVICES PROVIDED BY GALS IN OUR BOOKS AND FINANCIAL STATEMENTS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRACTICES, THE IN-KIND DONATED SERVICES ARE NOT REPORTED ON THE 990 AS EXPENSES OR INCOME.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $522,002 | $610,298 | -0.1% |
| Expenses | $525,726 | $531,359 | 0.0% |
| Net Income | $-3,724 | $78,939 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HOWARD E ALTMAN | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| FAYNE MASCARENHAS MS MBA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAITLIN MOORE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL LARSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY GORKINN | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROCHELLE HAKIM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE VACCA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRETT DUNNE | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| VLADIMIR-DUCARMEL JOSEPH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY DOWELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DA'JHON JETT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANET FREIMUTH | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$123,958 | $1,338 | $125,296 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $522,002 | $525,726 | $195,381 | $-3,724 |
| 2024 | $610,298 | $531,359 | $198,043 | $78,939 |
| 2023 | $520,751 | $580,631 | $132,567 | $-59,880 |
| 2022 | $528,345 | $475,368 | $180,343 | $52,977 |
| 2021 | $489,543 | $432,633 | $134,988 | $56,910 |
| 2020 | $442,855 | $422,582 | $155,710 | $20,273 |
| 2019 | $455,865 | $464,059 | $56,480 | $-8,194 |
Compare CHILDREN IN PLACEMENT INC with other nonprofits in Connecticut and across the country.