CAS PROPERTIES INC (EIN 061391233) - 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

1995

Legal Domicile

Principal Officer

Glenn Lungarini

Phone

2032501111

Tax Period

2022-07-01 to 2023-06-30

CAS PROPERTIES INC, founded in 1995, is a small nonprofit that reported $101K in total revenue in fiscal year 2022. Expenses of $121K exceeded revenue, resulting in a 20% operating deficit.

Mission

Benefit, perform the function of, carry out the purpose of, and to uphold, promote, and further the welfare programs and activities of the Connecticut Schools Corporation and its 501(c)(3) subsidiary organizations.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $26

Other Revenue $101,000

TOTAL REVENUE $101,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $121,364

Other Expenses $119,864

TOTAL EXPENSES $121,364

Year-over-Year Comparison

	2022	2021	Change
Revenue	$101,026	$101,076	0.0%
Expenses	$121,364	$119,181	+0.0%
Net Income	$-20,338	$-18,105	+0.1%

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

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

$287,258

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn Lungarini	Executive Direc	2.00	Officer	$0	$30,483	$287,258
Carl Johnson	President	2.00	Officer Director	$0	$0	$0
JIm Wygonik	Vice President	2.00	Officer Director	$0	$0	$0
Gary Franklin	Secretary	2.00	Officer Director	$0	$0	$0
Dane Brown	Director	1.00	Director	$0	$0	$0
Sarhanna Smith	Treasurer	2.00	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	No data	No data	No data	No data
2023	$101,026	$121,364	$616,895	$-20,338
2022	$101,076	$119,181	$639,110	$-18,105
2021	$101,222	$104,949	$656,144	$-3,727
2020	$101,789	$118,684	$671,144	$-16,895
2019	$101,896	$125,241	$802,522	$-23,345
2018	$101,793	$114,829	$792,790	$-13,036

CAS PROPERTIES INC