PROJECT GENESIS

EIN: 061328903 501(c)(3) Employment

WILLIMANTIC, CT

Total Revenue
$8,574,440
Total Expenses
$7,738,350
Total Assets
$12,514,183
Net Assets
$12,002,403
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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
1991
Legal Domicile
CT
Principal Officer
KATHY RATHAN
Phone
8604561698
Tax Period
2024-07-01 to 2025-06-30

PROJECT GENESIS, founded in 1991, is a community nonprofit in the Employment sector that reported $8.6M in total revenue in fiscal year 2024. Expenses of $7.7M left a modest 10% surplus.

Mission

PROJECT GENESIS, INC. PROVIDES INDIVIDUALIZED SUPPORT AND TRAINING THROUGHOUT CONNECTICUT TO ADULTS AND STUDENTS WITH A RANGE OF DISABILITIES. WE BELIEVE THAT EACH PERSON WHO DESIRES TO LIVE AND WORK IN THEIR COMMUNITY CAN BE SUCCESSFUL, REGARDLESS OF THE OBSTACLES THEY FACE. OUR MISSION IS TO PROMOTE THE INDEPENDENCE OF PEOPLE WITH DISABILITIES BY EMPOWERING THEM TO ACHIEVE AND SUSTAIN THEIR FULL RANGE OF RIGHTS AND LIFE EXPERIENCES. OUR TEAM IS DEDICATED TO MEETING EACH CONSUMER'S UNIQUE NEEDS AND AMBITIONS, EMPOWERING THEM TO BECOME MORE ACTIVE, PRODUCTIVE, AND VALUED MEMBERS OF THEIR COMMUNITIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $66,530
Program Service Revenue $7,734,359
Investment Income $773,551
Other Revenue $0
TOTAL REVENUE $8,574,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,056,845
Fundraising Expenses $0
Program Expenses $6,672,027
Other Expenses $681,505
TOTAL EXPENSES $7,738,350

Year-over-Year Comparison

2024 2023 Change
Revenue $8,574,440 $8,221,992 +0.0%
Expenses $7,738,350 $7,594,551 +0.0%
Net Income $836,090 $627,441 +0.3%
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

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Governance

Voting Members
6
Independent Members
6
Employees
314
Volunteers
6

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
5
$332,019
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY J VIGGIANO VICE CHAIR 2.00
Officer Director
$0 $0 $0
ANTHONY P LEROUX CHAIR 2.00
Officer Director
$0 $0 $0
BRANDON ROTHSCHILD DIRECTOR 2.00
Director
$0 $0 $0
LAURA HITT DIRECTOR 2.00
Director
$0 $0 $0
TARA BEATTY SECRETARY 2.00
Officer Director
$0 $0 $0
TONYA RAYMENT DIRECTOR 2.00
Director
$0 $0 $0
DARYL BROWN CHIEF FINANCIAL OFFICER 40.00
Officer
$132,140 $20,175 $152,315
KATHY RATHAN CHIEF EXECUTIVE OFFICER 40.00
Officer
$172,831 $6,873 $179,704
CAROL SCOTT CHIEF HUMAN RESOURCE OFFICER 40.00
Highest
$143,628 $17,091 $160,719
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 $8,574,440 $7,738,350 $12,514,183 $836,090
2024 $8,221,992 $7,594,551 $11,405,719 $627,441
2023 $5,418,927 $7,602,279 $10,507,697 $-2,183,352
2022 $6,952,463 $7,875,942 $9,969,984 $-923,479
2021 $8,113,604 $7,599,447 $10,521,752 $514,157
2020 $7,626,073 $7,563,364 $9,105,675 $62,709
2019 $8,366,767 $7,713,812 $8,967,693 $652,955
2018 $8,091,085 $7,437,943 $8,240,182 $653,142
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