CENTER FOR ADVOCACY RESEARCH & EDUCATION OF CONNECTICUT INC (EIN 061445680) - 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

1997

Legal Domicile

Principal Officer

SCOTT WELLS

Phone

8605235318

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR ADVOCACY RESEARCH & EDUCATION OF CONNECTICUT INC, founded in 1997, is a small nonprofit in the Employment sector that reported $122K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $321K exceeded revenue, resulting in a 163% operating deficit.

Mission

EDUCATIONAL AND VOCATIONAL TRAINING FOR YOUTH AND DISABLED

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,335

Program Service Revenue $4,681

Investment Income $32,970

Other Revenue $371

TOTAL REVENUE $122,357

Expense Breakdown

Grants Paid $39,513

Salaries & Benefits $113,044

Fundraising Expenses $0

Program Expenses $210,623

Other Expenses $168,881

TOTAL EXPENSES $321,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,357	$416,202	-0.7%
Expenses	$321,438	$304,844	+0.1%
Net Income	$-199,081	$111,358	-2.8%

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

$96,000

Total Directors

$96,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIN HOUSEWORTH	SECTY, TREASURER, VP, ED	20.00	Officer Director	$96,000	$0	$96,000
PETER HOUSEWORTH	VP	0.25	Officer Director	$0	$0	$0
SCOTT WELLS	PRESIDENT, CEO	3.00	Officer Director	$0	$0	$0
JILLIAN WELLS	VP	0.25	Officer Director	$0	$0	$0
WILLIAM WELLS	VP	0.25	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
2025	No data	No data	No data	No data
2024	$122,357	$321,438	$7,807,454	$-199,081
2023	$416,202	$304,844	$6,948,567	$111,358
2022	$777,910	$279,016	$6,079,896	$498,894
2021	$564,521	$284,134	$8,247,261	$280,387
2020	$252,562	$275,409	$7,647,738	$-22,847
2019	$220,002	$275,206	$6,211,865	$-55,204
2018	$664,926	$295,366	$5,198,398	$369,560

CENTER FOR ADVOCACY RESEARCH & EDUCATION OF CONNECTICUT INC