HARTFORD MARATHON FOUNDATION INC

EIN: 061415320 501(c)(3) Recreation & Sports

EAST HARTFORD, CT

Total Revenue
$2,926,832
Total Expenses
$2,834,734
Total Assets
$1,898,931
Net Assets
$1,406,959
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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
CT
Principal Officer
JOSH MILLER
Phone
8606528866
Tax Period
2023-01-01 to 2023-12-31

HARTFORD MARATHON FOUNDATION INC, founded in 1994, is a community nonprofit in the Recreation & Sports sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 3% surplus.

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE HEALTH AND FITNESS OPPORTUNITIES FOR THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $2,419,558 Revenue: $2,029,832

THE FOUNDATION PRODUCES THE HARTFORD MARATHON AND OVER 30 OTHER ATHLETIC EVENTS ANNUALLY. IN ADDITION, THE FOUNDATION PRODUCES FREE, RUNNING BASED, TRAINING PROGRAMS FOR SCHOOL CHILDREN THROUGHOUT...

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THE FOUNDATION PRODUCES THE HARTFORD MARATHON AND OVER 30 OTHER ATHLETIC EVENTS ANNUALLY. IN ADDITION, THE FOUNDATION PRODUCES FREE, RUNNING BASED, TRAINING PROGRAMS FOR SCHOOL CHILDREN THROUGHOUT CONNECTICUT.

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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 $777,643
Program Service Revenue $2,010,102
Investment Income $60,486
Other Revenue $78,601
TOTAL REVENUE $2,926,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $782,157
Fundraising Expenses $212,763
Program Expenses $2,419,558
Other Expenses $2,052,577
TOTAL EXPENSES $2,834,734

Year-over-Year Comparison

2023 2022 Change
Revenue $2,926,832 $2,630,130 +0.1%
Expenses $2,834,734 $2,717,105 +0.0%
Net Income $92,098 $-86,975 -2.1%
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

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Governance

Voting Members
17
Independent Members
16
Employees
10
Volunteers
2125

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
5
$119,154
Total Directors
17
$119,154
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH MILLER PRESIDENT 40.00
Officer Director
$119,154 $0 $119,154
RAYMOND HASSETT BOARD MEMBER 0.25
Director
$0 $0 $0
BRIAN FOLEY BOARD MEMBER 0.25
Director
$0 $0 $0
NICOLE MULE BOARD MEMBER 0.25
Director
$0 $0 $0
PATRICK STEIGMAN BOARD MEMBER 0.25
Director
$0 $0 $0
CHRISTOPHER A MONTROSS BOARD MEMBER 0.25
Director
$0 $0 $0
PETER HOLOWESKO BOARD MEMBER 0.25
Director
$0 $0 $0
IRVIN GIRARD BOARD MEMBER 0.25
Director
$0 $0 $0
CYNTHIA COSTANZO BOARD MEMBER 0.25
Director
$0 $0 $0
EARLE SMOLA BOARD MEMBER 0.25
Director
$0 $0 $0
ANDREW WORTHINGTON BOARD MEMBER 0.25
Director
$0 $0 $0
KATE HERNANDEZ BOARD MEMBER 0.25
Director
$0 $0 $0
KEVIN E VERGE BOARD MEMBER 0.25
Director
$0 $0 $0
PETER A GUTERMANN SECRETARY 0.50
Officer Director
$0 $0 $0
ROBERT M HAGGETT TREASURER 0.50
Officer Director
$0 $0 $0
SIVASENTHIL ARUMUGAM VICE CHAIRMA 0.50
Officer Director
$0 $0 $0
CHRISTINE ANDREWS CHAIRMAN 0.50
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 $2,926,832 $2,834,734 $1,898,931 $92,098
2022 $2,630,130 $2,717,105 $1,476,454 $-86,975
2021 $2,571,302 $2,157,533 $1,848,481 $413,769
2020 $1,246,227 $1,431,138 $1,348,377 $-184,911
2019 $3,067,147 $2,822,975 $1,428,459 $244,172
2018 $2,711,352 $2,698,927 $1,023,534 $12,425
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