FOUNDATION FOR FAIR CONTRACTING OF CONNECTICUT INC

EIN: 061338042

WEATHERSFIELD, CT

Total Revenue
$346,452
Total Expenses
$369,283
Total Assets
$500,057
Net Assets
$500,057
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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
1992
Legal Domicile
CT
Principal Officer
JOHN NIMMONS
Phone
8606677727
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR FAIR CONTRACTING OF CONNECTICUT INC, founded in 1992, is a small nonprofit that reported $346K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

AIDING THE SECRETARY OF LABOR AND INDUSTRY IN BEING INFORMED ON COMPLIANCE BY CONTRACTORS FOR A FAIR AND EQUITABLE BIDDING PROCESS ON PUBLIC WORKS PROJECTS WITHIN THE STATE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $339,258
Investment Income $7,194
Other Revenue $0
TOTAL REVENUE $346,452

Expense Breakdown

Grants Paid $0
Salaries & Benefits $281,305
Fundraising Expenses $0
Other Expenses $87,978
TOTAL EXPENSES $369,283

Year-over-Year Comparison

2023 2022 Change
Revenue $346,452 $409,033 -0.2%
Expenses $369,283 $343,854 +0.1%
Net Income $-22,831 $65,179 -1.4%
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

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Governance

Voting Members
24
Independent Members
24
Employees
2
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
0
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN DALY CO-CHAIR 2.00
Director
$0 $0 $0
JOHN NIMMONS SEC. TREASURER 4.00
Director
$0 $0 $0
KEITH BROTHERS BOARD MEMBER 1.00
Director
$0 $0 $0
JASON WERTHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH SORENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL O'SULLIVAN BOARD MEMBER 1.00
Director
$0 $0 $0
GERRY MARIOTTI BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL THOMPSON CO-CHAIR 2.00
Director
$0 $0 $0
MICHAEL ROSARIO BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTEN BRAINERD BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL NEALY BOARD MEMBER 1.00
Director
$0 $0 $0
DAN MCINERNEY BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MOCONYI BOARD MEMBER 1.00
Director
$0 $0 $0
NATE BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
MARK CANINO BOARD MEMBER 1.00
Director
$0 $0 $0
DON SCOOPO BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE COLUMBO BOARD MEMBER 1.00
Director
$0 $0 $0
BRET WELLS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID DEROEHN BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE RODERICK BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN GUERTIN BOARD MEMBER 1.00
Director
$0 $0 $0
TED GRABOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN DEROSA BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN SEIDMAN BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY A GLASSMAN EMPLOYEE 40.00
Highest
$118,122 $43,417 $161,539
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 $346,452 $369,283 $500,057 $-22,831
2022 $409,033 $343,854 $501,472 $65,179
2021 $317,317 $329,485 $437,646 $-12,168
2020 $432,724 $313,008 $449,814 $119,716
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