FAMILY INSTITUTE OF CONNECTICUT INC (EIN 061282690) - 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

1989

Legal Domicile

Principal Officer

PETER WOLFGANG

Phone

8605480066

Tax Period

2024-01-01 to 2024-12-31

FAMILY INSTITUTE OF CONNECTICUT INC, founded in 1989, is a small nonprofit in the Civil Rights & Advocacy sector that reported $720K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $692K left a modest 4% surplus.

Mission

RESEARCH AND EDUCATION THAT ADDRESSES FAMILY ISSUES AND VALUES

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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 $761,046

Program Service Revenue $0

Investment Income $0

Other Revenue $-41,474

TOTAL REVENUE $719,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $543,990

Fundraising Expenses $137,815

Program Expenses $471,659

Other Expenses $147,917

TOTAL EXPENSES $691,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$719,572	$622,322	+0.2%
Expenses	$691,907	$633,787	+0.1%
Net Income	$27,665	$-11,465	-3.4%

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

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

$286,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN VON KOHORN	CHAIRMAN	0.00	Officer Director	$0	$0	$0
RICHARD CAPORASO	TREASURER	0.00	Officer Director	$0	$0	$0
GARY JACKSON	BOARD MEMBER	0.00	Director	$0	$0	$0
PETER SCHWARTZ	BOARD MEMBER	0.00	Director	$0	$0	$0
ED MORGAN	BOARD MEMBER	0.00	Director	$0	$0	$0
OMAR KOUATLY	BOARD MEMBER	0.00	Director	$0	$0	$0
PETER WOLFGANG	EXECUTIVE DIRECTOR	40.00	Officer	$221,850	$64,429	$286,279

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	$719,572	$691,907	$178,076	$27,665
2023	$622,322	$633,787	$150,411	$-11,465
2022	$459,179	$536,831	$172,740	$-77,652
2021	$581,713	$488,287	$247,392	$93,426
2020	$526,039	$475,180	$192,605	$50,859
2019	$437,067	$432,326	$97,063	$4,741
2018	$413,103	$419,878	$92,307	$-6,775

FAMILY INSTITUTE OF CONNECTICUT INC