PLANNED LIFETIME ASSISTANCE NETWOR… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

KERRY TEDFORD-COLES

Phone

8605234951

Tax Period

2024-07-01 to 2025-06-30

PLANNED LIFETIME ASSISTANCE NETWORK OF CONNECTICUT INC, founded in 1993, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 7% surplus.

Mission

TO PROMOTE INDEPENDENCE AND ENHANCE THE QUALITY OF LIFE FOR THE ELDERLY, PEOPLE WITH DISABILITIES AND THEIR FAMILIES THROUGH THE MANAGEMENT OF SPECIAL NEEDS TRUSTS. TO PROVIDE SUPPLEMENTARY ASSISTANCE TO THE MOST NEEDY ELDERLY AND PEOPLE WITH DISABILITIES THROUGH THE ADMINISTRATION OF CHARITABLE TRUST FUNDS.

Program Service Accomplishments

Program 1

Expenses: $975,370 Revenue: $1,310,579

PLAN OF CT IS THE ONLY ORGANIZATION IN CONNECTICUT THAT ADMINISTERS A SPECIAL NEEDS POOLED TRUST. THIS TRUST HAS ALLOWED HUNDREDS OF CONNECTICUT RESIDENTS WITH DISABILITIES, MOSTLY THOSE OVER THE AGE OF 65, TO LIVE IN THEIR OWN HOME WITH ASSISTANCE RATHER THAN IN A NURSING HOME. THIS NOT ONLY ALLOWS PEOPLE WITH DISABILITIES TO LIVE IN THE COMMUNITY, IT RELIEVES AN ENORMOUS STRAIN ON THE MEDICAID SYSTEM. PLAN HAS ALSO DISTRIBUTED THOUSANDS OF DOLLARS FROM ITS CHARITABLE ACCOUNTS TO HELP CONNECTICUT RESIDENTS WITH DISABILITIES LIVE MORE INDEPENDENT AND ENRICHED LIVES. THE DISTRIBUTIONS HAVE MADE HOMES MORE ACCESSIBLE, PROVIDED EDUCATION AND SAFE ENVIRONMENTS FOR THOSE WHO NEED IT MOST. PLAN OF CT CONTINUES TO PROVIDE COMMUNITY EDUCATION ABOUT THE IMPORTANCE OF SPECIAL NEEDS TRUSTS IN THE DISABILITY COMMUNITY. WORKSHOPS, ONE-ONE MEETINGS AND SUPPORT GROUP PRESENTATIONS HAVE HELPED EDUCATE FAMILIES AND PROFESSIONALS ON HOW TO ENSURE ALL PEOPLE WITH DISABILITIES ARE PROVIDED WITH A FULL AND DIGNIFIED LIFE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,396

Program Service Revenue $1,310,579

Investment Income $53,457

Other Revenue $0

TOTAL REVENUE $1,385,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,002,285

Fundraising Expenses $0

Program Expenses $975,370

Other Expenses $286,584

TOTAL EXPENSES $1,288,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,385,432	$1,367,146	+0.0%
Expenses	$1,288,869	$1,310,585	0.0%
Net Income	$96,563	$56,561	+0.7%

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

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

$387,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY TEDFORD-COLES	EXECUTIVE DI	40.00	Officer	$249,147	$5,620	$254,767
TINA DADDONA	DIR OF FINAN	35.00	Officer	$128,856	$3,801	$132,657
STUART J HAWKINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMY ORLANDO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
GUERGANA RANGATCHEVA	TREASURER	1.00	Officer Director	$0	$0	$0
MARIALTA Z SPARAGNA	SECRETARY	1.00	Officer Director	$0	$0	$0
DOROTHY BARNAS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
JAMES FUNNELL	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA KANE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LEONE	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY RATNER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE M LEVINE	DIRECTOR	2.00	Director	$0	$0	$0
DONNA DUFFY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL BOHN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY TONUCCI	DIRECTOR	2.00	Director	$0	$0	$0
DR LAWRENCE HABER	DIRECTOR	2.00	Director	$0	$0	$0
DIANE COVELLO	DIRECTOR	1.00	Director	$0	$0	$0
BERNIE PELLETIER	DIRECTOR	1.00	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
2025	$1,385,432	$1,288,869	$2,384,812	$96,563
2024	$1,367,146	$1,310,585	$2,318,245	$56,561
2023	$1,271,269	$1,232,736	$2,319,770	$38,533
2022	$1,227,596	$1,126,552	$2,048,887	$101,044
2021	$1,222,487	$1,073,321	$2,069,852	$149,166
2020	$1,279,423	$1,108,913	$1,946,096	$170,510
2019	$1,167,401	$943,045	$1,710,426	$224,356
2018	$1,116,568	$825,456	$1,459,576	$291,112

PLANNED LIFETIME ASSISTANCE NETWORK OF CONNECTICUT INC