KLEIN MEMORIAL AUDITORIUM FOUNDATIONINC (EIN 061474233) - 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

THOMAS ERRICHETTI

Phone

8004240160

Tax Period

2024-07-01 to 2025-06-30

KLEIN MEMORIAL AUDITORIUM FOUNDATIONINC, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 59% operating margin.

Mission

TO OPERATE THE KLEIN MEMORIAL AUDITORIUM FOR THE PURPOSE OF ENRICHING THE CULTURAL, EDUCATIONAL, AND SOCIAL LIFE OF THE BRIDGEPORT CONNECTICUT COMMUNITY

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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 $2,236,298

Program Service Revenue $753,963

Investment Income $32,258

Other Revenue $137,497

TOTAL REVENUE $3,160,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $486,371

Fundraising Expenses $101,383

Program Expenses $1,087,467

Other Expenses $820,369

TOTAL EXPENSES $1,306,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,160,016	$1,206,423	+1.6%
Expenses	$1,306,740	$1,254,187	+0.0%
Net Income	$1,853,276	$-47,764	-39.8%

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

$96,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ERRICHETTI	TREASURER	6.00	Officer Director	$0	$0	$0
JAMES RULMYR	CHAIR	4.00	Officer Director	$0	$0	$0
TRISH SWAIN	VICE CHAIR	4.00	Officer Director	$0	$0	$0
BOB FILOTEI	BOARD MEMBER	2.00	Director	$0	$0	$0
STANTON LESSER	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES O'DONNELL	BOARD MEMBER	6.00	Director	$0	$0	$0
PETER PENCZER	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB SCHNEIDER	BOARD MEMBER	2.00	Director	$0	$0	$0
REINE BOYER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTIN SCHWARTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
FLORISCA CARTER	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDYE KAYE	BOARD MEMBER	2.00	Director	$0	$0	$0
JEREMY BOSSIO	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURENCE CASO	EXECUTIVE DIRECTOR	40.00	Officer	$96,731	$0	$96,731

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	$3,160,016	$1,306,740	$5,144,749	$1,853,276
2024	$1,206,423	$1,254,187	$2,483,612	$-47,764
2023	$1,211,699	$1,145,051	$2,577,731	$66,648
2022	$1,405,120	$1,065,966	$2,422,433	$339,154
2021	$948,841	$739,984	$2,305,960	$208,857
2020	$713,530	$805,107	$2,202,933	$-91,577
2019	$1,551,526	$937,403	$2,260,420	$614,123
2018	$1,398,281	$881,885	$1,394,206	$516,396

KLEIN MEMORIAL AUDITORIUM FOUNDATIONINC