THE SAUGATUCK COOPERATIVE INC C/O THE PROPERTY GROUP OF CT (EIN 061462004) - 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

BARBARA RECKER

Phone

2032261570

Tax Period

2023-07-01 to 2024-06-30

THE SAUGATUCK COOPERATIVE INC C/O THE PROPERTY GROUP OF CT, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $435K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $3.0M represent 84 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING ON A HOMEOWNER BASIS FOR THE LOW INCOMEAND NEEDY ELDERLY

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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 $0

Program Service Revenue $407,985

Investment Income $27,268

Other Revenue $0

TOTAL REVENUE $435,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,445

Fundraising Expenses $0

Program Expenses $466,466

Other Expenses $425,021

TOTAL EXPENSES $466,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$435,253	$536,380	-0.2%
Expenses	$466,466	$481,536	0.0%
Net Income	$-31,213	$54,844	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA RECKER	PRESIDENT	3.00	Officer Director	$0	$0	$0
KATHLEEN RABINOWITZ	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CAROLYN OLSEN	TREASURER	3.00	Officer Director	$0	$0	$0
GEORGE COLLICH	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE MUELLER	DIRECTOR	2.00	Director	$0	$0	$0
JEAN TANGUAY	DIRECTOR	2.00	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
2024	$435,253	$466,466	$3,080,756	$-31,213
2023	$536,380	$481,536	$3,090,016	$54,844
2022	$301,229	$435,877	$3,031,099	$-134,648
2021	$298,973	$421,570	$3,163,321	$-122,597
2020	$358,615	$396,269	$3,288,224	$-37,654
2019	$330,719	$438,974	$3,327,387	$-108,255
2018	$369,376	$391,268	$3,441,237	$-21,892

THE SAUGATUCK COOPERATIVE INC C/O THE PROPERTY GROUP OF CT