WESTERN CONNECTICUT STATE UNIVERSITY ALUMNI ASSOCIATION INC (EIN 061242941) - 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

1988

Legal Domicile

Principal Officer

CATHERINE KOST

Phone

2038379090

Tax Period

2023-01-01 to 2023-12-31

WESTERN CONNECTICUT STATE UNIVERSITY ALUMNI ASSOCIATION INC, founded in 1988, is a small nonprofit in the Education sector that reported $110K in total revenue in fiscal year 2023. Expenses of $121K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO ESTABLISH & MAINTAIN A MUTUALLY BENEFICIAL RELATIONSHIP WITH WESTERN CONN. STATE UNIVERSITY

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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 $27,907

Program Service Revenue $55,940

Investment Income $15,337

Other Revenue $10,437

TOTAL REVENUE $109,621

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,724

Other Expenses $102,112

TOTAL EXPENSES $121,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,621	$105,689	+0.0%
Expenses	$121,112	$95,787	+0.3%
Net Income	$-11,491	$9,902	-2.2%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT DIGILLO JR	DIRECTOR	1.00	Director	$0	$0	$0
DIANA WELLMAN	TREASURER (FORMER)	6.00	Officer Director	$0	$0	$0
MARK GEGENY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM CRUCITTI	EXECUTIVE DIRECTOR	1.00	Director	$0	$0	$0
SHARON FUSCO	LIFE MEMBER	1.00	Director	$0	$0	$0
RAY LUBUS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELAINE SALEM	LIFE MEMBER	1.00	Director	$0	$0	$0
KAY SCHREIBER	LIFE MEMBER	1.00	Director	$0	$0	$0
JOHN WRENN JR	LIFE MEMBER	1.00	Director	$0	$0	$0
LINDA WRENN	DIRECTOR	1.00	Director	$0	$0	$0
LOIS CRUCITTI	SECRETARY	1.00	Director	$0	$0	$0
DAVID A ZAVARELLI	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET SCHULENBERG	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS CLEMONS	DIRECTOR	1.00	Director	$0	$0	$0
KEVON ANDREES	DIRECTOR	1.00	Director	$0	$0	$0
RUTH MEMARD	DIRECTOR	1.00	Director	$0	$0	$0
IBRAHIM NOCCIOLI	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE KOST	TREASURER	2.00	Officer	$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	$109,621	$121,112	$427,833	$-11,491
2022	$105,689	$95,787	$417,291	$9,902
2021	$123,188	$90,159	$473,631	$33,029
2020	$52,579	$53,531	$428,730	$-952
2019	$112,313	$107,229	$414,996	$5,084
2018	$114,308	$106,984	$389,070	$7,324

WESTERN CONNECTICUT STATE UNIVERSITY ALUMNI ASSOCIATION INC