ABILIS COMMUNITY FOUNDATION INC (EIN 061331293) - 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

1991

Legal Domicile

Principal Officer

HERALD RITCH

Phone

2035311880

Tax Period

2023-07-01 to 2024-06-30

ABILIS COMMUNITY FOUNDATION INC, founded in 1991, is a micro nonprofit in the Human Services sector that reported $33K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 614% operating deficit.

Mission

TO SOLICIT AND DISTRIBUTE FUNDS FOR SERVICES TO PEOPLE WITH DISABILITIES IN FAIRFIELD COUNTY, CONNECTICUT BY SUPPORTING QUALIFIED 501(C)(3) ORGANIZATIONS IN THOSE AREAS.

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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 $12,500

Program Service Revenue $84,621

Investment Income $-63,744

Other Revenue $111

TOTAL REVENUE $33,488

Expense Breakdown

Grants Paid $137,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,983

Other Expenses $101,557

TOTAL EXPENSES $239,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,488	$207,142	-0.8%
Expenses	$239,057	$286,848	-0.2%
Net Income	$-205,569	$-79,706	+1.6%

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
KEN CORBA	DIRECTOR	0.25	Director	$0	$0	$0
LOUIS PAGLIA	DIRECTOR	0.25	Director	$0	$0	$0
LAWRENCE HILIBRAND	DIRECTOR	0.25	Director	$0	$0	$0
HERALD RITCH	PRESIDENT	0.25	Officer Director	$0	$0	$0
DEAN ALLEN	TREASURER	0.25	Officer 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	No data	No data	No data	No data
2024	$33,488	$239,057	$7,135,977	$-205,569
2023	$207,142	$286,848	$6,511,578	$-79,706
2022	$509,786	$148,291	$6,075,468	$361,495
2021	$510,129	$255,421	$7,157,370	$254,708
2020	$263,854	$344,591	$5,524,251	$-80,737
2019	$412,008	$209,699	$5,650,382	$202,309
2018	$729,114	$270,705	$5,483,875	$458,409

ABILIS COMMUNITY FOUNDATION INC