CONNECTICUT VOICES FOR CHILDREN 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

1995

Legal Domicile

Principal Officer

EMILY BYRNE

Phone

2034984240

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT VOICES FOR CHILDREN INC, founded in 1995, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 37% operating deficit.

Mission

WE PROVIDE TRUSTED, QUALITY RESEARCH, RECOMMENDATIONS AND ADVOCACY THAT ADVANCE PUBLIC POLICY AND INVESTMENTS TO IMPROVE THE WELL-BEING OF CONNECTICUT'S CHILDREN AND FAMILIES, SPECIFICALLY THOSE THAT HAVE BEEN HISTORICALLY DISADVANTAGED.

Program Service Accomplishments

Program 1

Expenses: $743,280 Revenue: $217,500

FISCAL AND ECONOMICS: BUDGETS ARE A CLEAR REFLECTION OF WHAT AND WHO WE VALUE. CT VOICES IDENTIFIES AND ADVOCATES FOR INVESTMENTS IN CHILDREN AND FAMILIES AS THE PRIMARY BUDGET PRIORITY, BUT WE ALSO CONDUCT RESEARCH AND WORK WITH STAKEHOLDERS AND PARTNERS IN COALITION TO ADVANCE ADVOCACY THAT SUPPORTS INCLUSIVE GROWTH AND A FAIR TAX SYSTEM WITHIN THE STATE.

Program 2

Expenses: $302,280 Revenue: $31,527

FAMILY ECONOMIC SECURITY: TODAY, THE STATE'S INCOME AND WEALTH DIVIDES ARE GREATER THAN EVER, BUT SO MUCH OF A CHILD'S WELL-BEING IS ROOTED IN FAMILY ECONOMIC SECURITY. CHILDREN CANNOT THRIVE UNLESS FAMILIES DO, WHICH IS WHY CT VOICES PRIORITIZES AFFORDABLE HOUSING, CRIMINAL JUSTICE, AND FAIR EMPLOYMENT, AS WELL AS THE INTERSECTIONAL ISSUES OF HEALTH, CHILD WELFARE, AND EDUCATION.

Program 3

Expenses: $2,059

EMERGING ISSUES: THE WORLD AND STATE ARE CHANGING RAPIDLY, AND WE RECOGNIZE THAT TO KEEP UP WITH THE PACE OF THESE CHANGES, WE MUST BE NIMBLE AND ADAPT, AND ADDRESS ISSUES AND EMERGENCIES WHEN THEY ARISE, WHICH IS WHY CT VOICES IDENTIFIES NEW, TIMELY ISSUES THAT ARE OF THE MOST EMERGENT IMPORT TO THE WELL-BEING OF THE STATE'S CHILDREN AND FAMILIES.

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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 $1,058,385

Program Service Revenue $6,229

Investment Income $7,528

Other Revenue $13,175

TOTAL REVENUE $1,085,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,084,161

Fundraising Expenses $110,364

Program Expenses $1,047,619

Other Expenses $406,288

TOTAL EXPENSES $1,490,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,085,317	$969,839	+0.1%
Expenses	$1,490,449	$1,624,385	-0.1%
Net Income	$-405,132	$-654,546	-0.4%

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

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

$159,883

Total Directors