THE CONNECTION FUND - LIBERTY INC (EIN 061436605) - 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

1996

Legal Domicile

Principal Officer

STEPHEN ABSHIRE

Phone

8603435500

Tax Period

2022-07-01 to 2023-06-30

THE CONNECTION FUND - LIBERTY INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $525K in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $629K exceeded revenue, resulting in a 20% operating deficit.

Mission

ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES ARE TO ACQUIRE, OWN, FINANCE, MORTGAGE, LEASE, AND OPERATE A CERTAIN IMPROVED PARCEL OF REAL PROPERTY LOCATED AT 601 MAIN STREET, MIDDLETOWN, CONNECTICUT, KNOWN AS LIBERTY COMMONS, ALONG WITH PROVIDING ELDERLY, HANDICAPPED AND DISABLED PERSONS HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PYSCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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 $423,695

Investment Income $98,364

Other Revenue $2,746

TOTAL REVENUE $524,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,708

Fundraising Expenses $0

Program Expenses $561,051

Other Expenses $430,242

TOTAL EXPENSES $628,950

Year-over-Year Comparison

	2022	2021	Change
Revenue	$524,805	$428,428	+0.2%
Expenses	$628,950	$608,595	+0.0%
Net Income	$-104,145	$-180,167	-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

N/A

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

$394,639

Total Directors

$652,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA DEMATTEIS-LEPORE	CEO	3.00	Officer Director	$0	$35,690	$394,639
BETH CONNOR	DIRECTOR	3.00	Director	$0	$36,223	$257,853
BETH HOGAN	DIRECTOR	3.00	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	$524,805	$628,950	$5,907,206	$-104,145
2022	$428,428	$608,595	$5,873,914	$-180,167
2021	$407,188	$588,991	$5,970,678	$-181,803
2020	$432,276	$553,232	$6,032,834	$-120,956
2019	$431,828	$553,742	$6,118,727	$-121,914

THE CONNECTION FUND - LIBERTY INC