South Central CT Regional Economic Dev Corp

EIN: 061455545

New Haven, CT

Total Revenue
$409,755
Total Expenses
$379,423
Total Assets
$1,645,283
Net Assets
$1,370,023
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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
CT
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

None

Program Service Accomplishments

Program 1
Expenses: $298,104

The Organization promotes economic development in the south central region of Connecticut including the towns and cities of Bethany, Branford, East Haven, Guilford, Hamden, Madison, Meriden, Milford...

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The Organization promotes economic development in the south central region of Connecticut including the towns and cities of Bethany, Branford, East Haven, Guilford, Hamden, Madison, Meriden, Milford, New Haven, North Branford, North Haven, Orange, Wallingford, West Haven, and Woodbridge.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
1
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
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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