Care & Share of East Lyme Inc (EIN 061494526) - 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

2000

Legal Domicile

Phone

8607398502

Tax Period

2023-01-01 to 2023-12-31

Care & Share of East Lyme Inc, founded in 2000, is a small nonprofit in the Human Services sector that reported $397K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

Established to provide various support and emergency services to residents of East Lyme/Niantic and Salem, depending on needs and resources available including a year-round food pantry, emergency assistance, camperships, scholarships, and holiday food baskets/gifts.

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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 $390,630

Program Service Revenue $0

Investment Income $6,852

Other Revenue $0

TOTAL REVENUE $397,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $388,482

Other Expenses $414,941

TOTAL EXPENSES $414,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,482	$331,418	+0.2%
Expenses	$414,941	$346,659	+0.2%
Net Income	$-17,459	$-15,241	+0.1%

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

100

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
Patricia Payne	President	1.00	Officer Director	$0	$0	$0
Sandy Teixeira	Vice President	1.00	Officer Director	$0	$0	$0
Shelly Roy	Secretary	1.00	Officer Director	$0	$0	$0
Sharon Kittel	Treasurer	1.00	Officer Director	$0	$0	$0
Jeanne Bonin	Director	1.00	Director	$0	$0	$0
Hugh McKinney	Executive Dir.	1.00	Director	$0	$0	$0
Debbie Delorimiere	Director	1.00	Director	$0	$0	$0
Tom Mirsky	Director	1.00	Director	$0	$0	$0
Susan Richardson	Director	1.00	Director	$0	$0	$0
Renee Lyall	Secretary	1.00	Officer 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	No data	No data	No data	No data
2023	$397,482	$414,941	$325,644	$-17,459
2022	$331,418	$346,659	$339,887	$-15,241
2021	$360,201	$237,597	$361,523	$122,604
2020	$233,427	$118,053	$234,226	$115,374

Care & Share of East Lyme Inc