Connecticut Assisted Living Association (EIN 061432143) - 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

Phone

2035303779

Tax Period

2023-01-01 to 2023-12-31

Connecticut Assisted Living Association, founded in 1995, is a small nonprofit that reported $801K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $758K left a modest 5% surplus.

Mission

Assisted Living Advocacy

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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 $429,282

Program Service Revenue $372,202

Investment Income $7

Other Revenue $0

TOTAL REVENUE $801,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,931

Fundraising Expenses $0

Other Expenses $500,936

TOTAL EXPENSES $757,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$801,491	$714,290	+0.1%
Expenses	$757,867	N/A	N/A
Net Income	$43,624	$714,290	-0.9%

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

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

Total Directors

$204,062

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Christie	Chairperson	2.00	Officer	$0	$0	$0
Carlena Rhea	1st Vice Chair	2.00	Officer	$0	$0	$0
Heather Berchem	2nd Vice Chair	2.00	Officer	$0	$0	$0
George C Prouty Ju	3rd Vice Chair	2.00	Officer	$0	$0	$0
Kathleen Dess	Secretary	2.00	Officer	$0	$0	$0
Danita Alberti	Treasury	2.00	Officer	$0	$0	$0
Lori Pisani	Immediate Past Chairperson	2.00	Officer	$0	$0	$0
Eileen Duggan	Director	1.00	Director	$0	$0	$0
Greg Hancock	Director	1.00	Director	$0	$0	$0
Bonnie Pollard Johnson	Director	1.00	Director	$0	$0	$0
Trish Keaney	Director	1.00	Director	$0	$0	$0
Ashley O'Brien	Dirctor	1.00	Director	$0	$0	$0
Michael O'Brien	Director	1.00	Director	$0	$0	$0
Stephen Woodward	Director	1.00	Director	$0	$0	$0
Christopher Carter	President	40.00	Director Highest	$204,062	$0	$204,062

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	$801,491	$757,867	$480,961	$43,624
2022	$714,290	$624,364	$448,691	$89,926
2021	$570,468	$548,197	$371,003	$22,271
2020	$540,455	$489,159	$352,048	$51,296
2019	$546,918	$569,751	$283,592	$-22,833
2018	$551,663	$515,487	$344,699	$36,176

Connecticut Assisted Living Association