Connecticut Mental Health Center F… - Form 990 Financial Data

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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

Phone

2037646331

Tax Period

2023-01-01 to 2023-12-31

Connecticut Mental Health Center Foundation Inc is a micro nonprofit in the Health Care sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 34% operating deficit.

Mission

To support the principles and purposes of the Connecticut Mental Health Center(CMHC), a chartered facility of the Connecticut Department of Mental Health.

Program Service Accomplishments

Program 1

Expenses: $41,198

Support several CT Mental Health Center programs including patient activity fund, hispanic peer support and outreach and engagement.

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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 $45,228

Program Service Revenue $0

Investment Income $2,023

Other Revenue $0

TOTAL REVENUE $47,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,223

Program Expenses $41,198

Other Expenses $63,497

TOTAL EXPENSES $63,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,251	$59,889	-0.2%
Expenses	$63,497	$66,089	0.0%
Net Income	$-16,246	$-6,200	+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
David Tate Ph D	Trustee	0.00	Director	$0	$0	$0
Todd Murphy	Secretary	0.00	Officer Director	$0	$0	$0
Chris Philip Onofrio	Trustee	0.00	Director	$0	$0	$0
Raymond Sanchez Jr MD	Trustee	0.00	Director	$0	$0	$0
Laura Goldblum	President	1.00	Officer Director	$0	$0	$0
Rebecca Allen	Trustee	0.00	Director	$0	$0	$0
Daniel Koenigsberg	Trustee	0.00	Director	$0	$0	$0
Deborah Fried	Trustee	0.00	Director	$0	$0	$0
Allan Atherton	Trustee	0.00	Director	$0	$0	$0
Esperanza Diaz MD	Trustee	0.00	Director	$0	$0	$0
Kyle W Pedersen MAR	Director	1.00	Director	$0	$0	$0
Herb Hardy Jr	Treasurer	1.00	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
2024	No data	No data	No data	No data
2023	$47,251	$63,497	$604,476	$-16,246
2022	$59,889	$66,089	$579,150	$-6,200
2021	$78,930	$62,373	$659,693	$16,557
2020	$10,512	$67,081	$622,598	$-56,569
2019	$56,357	$76,906	$616,192	$-20,549
2018	$91,290	$89,774	$577,625	$1,516

Connecticut Mental Health Center Foundation Inc