NEW CANAAN GROUP HOME INC (EIN 061509098) - 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

NANCY REICHART

Phone

2039723867

Tax Period

2022-07-01 to 2023-06-30

NEW CANAAN GROUP HOME INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $577K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Net assets of $1.8M represent 38 months of operating reserves.

Mission

TO PROVIDE A SIX UNIT FACILITY FOR LOW AND MODERATE INCOME DEVELOPMENTALLY DISABLED INDIVIDUALS IN NEW CANAAN, CT TO LIVE IN

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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 (2022)

Revenue Breakdown

Contributions & Grants $566,543

Program Service Revenue $92,020

Investment Income $-82,015

Other Revenue $0

TOTAL REVENUE $576,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,319

Fundraising Expenses $288

Program Expenses $606,352

Other Expenses $223,178

TOTAL EXPENSES $616,497

Year-over-Year Comparison

	2022	2021	Change
Revenue	$576,548	$636,146	-0.1%
Expenses	$616,497	$606,344	+0.0%
Net Income	$-39,949	$29,802	-2.3%

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

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
NANCY REICHART	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLINE VANESS MCINERNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLAS DUBIAGO	TREASURER	2.00	Officer Director	$0	$0	$0
KATHLEEN A SULLIVAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN WHITCOMB	DIRECTOR	1.00	Director	$0	$0	$0
GERALD LIONE	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK FALLON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE M FARENGA	DIRECTOR	1.00	Director	$0	$0	$0
REV DR RAYMOND SCOT HERR	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FARENGA	DIRECTOR	1.00	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
2023	$576,548	$616,497	$2,443,859	$-39,949
2022	$636,146	$606,344	$2,153,348	$29,802
2021	$948,060	$567,156	$2,198,264	$380,904
2019	$524,630	$566,645	$1,877,839	$-42,015
2018	$593,029	$493,171	$1,853,369	$99,858

NEW CANAAN GROUP HOME INC