CONNECTICUT TECHNOLOGY COUNCIL INC

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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

1994

Legal Domicile

Principal Officer

GIOVANNI TOMASI

Phone

8602890878

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT TECHNOLOGY COUNCIL INC, founded in 1994, is a small nonprofit that reported $154K in total revenue in fiscal year 2023.

Mission

TO BUILD A TECHNOLOGY NETWORK TO PARTNER TECHNOLOGY RESOURCES FOR THE MUTUAL BENEFIT OF MEMBER INSTITUTIONS AND LEVERAGE MEMBERS' COLLECTIVE POWER TO CREATE A STATE INFRASTRUCTURE.

Program Service Accomplishments

Program 1

PROGRAM 1: WOMEN OF INNOVATION - NOW IN ITS SIXTEENTH SEASON, THIS POPULAR AWARDS PROGRAM GATHERS THE CONNECTICUT TECHNOLOGY COMMUNITY TO RECOGNIZE WOMEN IN THE WORKFORCE WHO ARE INNOVATORS,ROLE...

PROGRAM 1: WOMEN OF INNOVATION - NOW IN ITS SIXTEENTH SEASON, THIS POPULAR AWARDS PROGRAM GATHERS THE CONNECTICUT TECHNOLOGY COMMUNITY TO RECOGNIZE WOMEN IN THE WORKFORCE WHO ARE INNOVATORS,ROLE MODELS AND LEADERS IN THE TECHNOLOGY, SCIENCE AND ENGINEERING FIELDS. STUDENTS AT BOTH THE HIGH SCHOOL AND COLLEGE LEVEL ARE ALSO HONORED FOR THEIR STUDIES AND ACCOMPLISHMENTS.

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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 $0

Program Service Revenue $153,515

Investment Income $0

Other Revenue $0

TOTAL REVENUE $153,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $161,396

TOTAL EXPENSES $161,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,515	$151,891	+0.0%
Expenses	$161,396	$90,628	+0.8%
Net Income	$-7,881	$61,263	-1.1%

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

$76,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMON LITCHER	EXECUTIVE DI	40.00	Officer	$14,000	$0	$14,000
MILENA ERWIN	EXECUTIVE DI	40.00	Officer	$62,300	$0	$62,300
GIOVANNI TOMASI	CHAIR	0.25	Officer Director	$0	$0	$0
MATTHEW COHEN	VICE CHAIR	0.25	Officer Director	$0	$0	$0
SHERYL O'CONNOR	VICE CHAIR	0.25	Officer Director	$0	$0	$0
LEON PINTSOV	VICE CHAIR	0.25	Officer Director	$0	$0	$0
RICHARD HARRIS	SECRETARY	0.25	Officer Director	$0	$0	$0
SHERI YUSCHAK	TREASURY	0.25	Officer Director	$0	$0	$0
KEVIN BURNS	DIRECTOR	0.25	Director	$0	$0	$0
MARINA CUNNINGHAM	DIRECTOR	0.25	Director	$0	$0	$0
ADAM JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
GUERGANA RANGATCHEVA	DIRECTOR	0.25	Director	$0	$0	$0
JACQUELINE SCHEIB	DIRECTOR	0.25	Director	$0	$0	$0
STEVEN SCHWARTZ	DIRECTOR	0.25	Director	$0	$0	$0
NICOLE WAGNER	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTOPHER J ALLEN SR	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL BROODER	DIRECTOR	0.25	Director	$0	$0	$0
GLENN M CUNNINGHAM	DIRECTOR	0.25	Director	$0	$0	$0
JOHN EMRA	DIRECTOR	0.25	Director	$0	$0	$0
NANCY HANCOCK	DIRECTOR	0.25	Director	$0	$0	$0
RICK HUEBNER	DIRECTOR	0.25	Director	$0	$0	$0
KELLEY MCINTYRE	DIRECTOR	0.25	Director	$0	$0	$0
ERIC ROSOW	DIRECTOR	0.25	Director	$0	$0	$0
PAUL SAVAS	DIRECTOR	0.25	Director	$0	$0	$0
S PAMIR APLAY	DIRECTOR	0.25	Director	$0	$0	$0
AMY KUNDRAT	DIRECTOR	0.25	Director	$0	$0	$0
LAURA DINAN-HABER	DIRECTOR	0.25	Director	$0	$0	$0
PATRICIA FISHER	DIRECTOR	0.25	Director	$0	$0	$0
PETER HICKS	DIRECTOR	0.25	Director	$0	$0	$0
PAUL HUGHES	DIRECTOR	0.25	Director	$0	$0	$0
ALAN MENDELSON	DIRECTOR	0.25	Director	$0	$0	$0
RIGU GUPTA	DIRECTOR	0.25	Director	$0	$0	$0
ASHLEY KALINAUSKAS	DIRECTOR	0.25	Director	$0	$0	$0
CAROL THORNEY	VICE CHAIR	0.25	Director	$0	$0	$0
PHILIPP HECKER	DIRECTOR	0.25	Director	$0	$0	$0
ONYEKA OBIOCHA	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$153,515	$161,396	$57,981	$-7,881
2022	$151,891	$90,628	$70,077	$61,263
2021	$96,437	$133,606	$145,439	$-37,169
2020	$203,737	$120,323	$155,580	$83,414
2019	$440,201	$491,861	$103,226	$-51,660
2018	$712,662	$793,362	$114,940	$-80,700