CONNECTICUT WORKFORCE DEVELOPMENT COUNCIL INC (EIN 061475225) - 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

1991

Legal Domicile

Principal Officer

WILLIAM VILLANO

Phone

2036241493

Tax Period

2020-07-01 to 2021-06-30

CONNECTICUT WORKFORCE DEVELOPMENT COUNCIL INC, founded in 1991, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2020. Revenue surged 102% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE EMPLOYMENT AND TRAINING TO HELP DISLOCATED WORKERS, LOW-INCOME ADULTS, YOUNG ADULTS, AND YOUTH PREPARE FOR AND FIND EMPLOYMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,262,645

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,262,645

Expense Breakdown

Grants Paid $1,380,204

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,466,839

Other Expenses $86,635

TOTAL EXPENSES $1,466,839

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,262,645	$626,000	+1.0%
Expenses	$1,466,839	$689,111	+1.1%
Net Income	$-204,194	$-63,111	+2.2%

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

N/A

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
WILLIAM VILLANO	CHAIR	2.00	Officer Director	$0	$0	$0
JOE M CARBONE	DIRECTOR	2.00	Director	$0	$0	$0
ALEX JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
CATHY AWWAD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BEAUREGARD	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
2021	$1,262,645	$1,466,839	$29,178	$-204,194

CONNECTICUT WORKFORCE DEVELOPMENT COUNCIL INC