South Central CT Regional Economic Dev Corp (EIN 061455545) - 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

Principal Officer

Virginia Kozlowski

Phone

2038213682

Tax Period

2022-07-01 to 2023-06-30

South Central CT Regional Economic Dev Corp, founded in 1995, is a small nonprofit that reported $410K in total revenue in fiscal year 2022. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $379K left a modest 7% surplus.

Mission

To Promote Economic Development in the South Central Region of 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $409,755

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $409,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,682

Fundraising Expenses $0

Program Expenses $298,104

Other Expenses $329,741

TOTAL EXPENSES $379,423

Year-over-Year Comparison

	2022	2021	Change
Revenue	$409,755	$235,860	+0.7%
Expenses	$379,423	$273,849	+0.4%
Net Income	$30,332	$-37,989	-1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mayor Justin Elicker	Director	1.00	Officer Director	$0	$0	$0
Shelly Saczynski	Director	0.00	Director	$0	$0	$0
First Selectman Jamie Cosgrove	Director	0.00	Director	$0	$0	$0
First Selectman Michael Freda	Director	0.00	Director	$0	$0	$0
John Emra	Director	0.00	Director	$0	$0	$0
Vin Petrini	Director	0.00	Director	$0	$0	$0
Albert Carbone	Director	0.00	Director	$0	$0	$0
Joe Ferraiolo	Director	0.00	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	$409,755	$379,423	$1,645,283	$30,332
2022	$235,860	$273,849	$1,610,396	$-37,989
2021	$257,037	$265,157	$1,660,692	$-8,120
2020	$362,459	$251,152	$1,718,411	$111,307
2019	$415,556	$289,151	$1,648,561	$126,405
2018	$439,630	$398,633	$1,541,265	$40,997

South Central CT Regional Economic Dev Corp