NORTHWEST CONNECTICUT COMMUNITY FOUNDATION INC (EIN 061565733) - 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

1999

Legal Domicile

Principal Officer

GUY ROVEZZI

Phone

8606261245

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST CONNECTICUT COMMUNITY FOUNDATION INC, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.6M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $7.0M left a modest 8% surplus.

Mission

To enrich the quality of life for residents of northwest Connecticut by inspiring local philanthropy, convening stakeholders in community welfare, strengthening the regional nonprofits network and fostering collaborative funding partnerships.

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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 $3,784,370

Program Service Revenue $7,500

Investment Income $3,516,866

Other Revenue $319,901

TOTAL REVENUE $7,628,637

Expense Breakdown

Grants Paid $5,069,043

Salaries & Benefits $1,293,171

Fundraising Expenses $324,249

Program Expenses $6,180,404

Other Expenses $634,706

TOTAL EXPENSES $6,996,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,628,637	$11,882,458	-0.4%
Expenses	$6,996,920	$6,799,763	+0.0%
Net Income	$631,717	$5,082,695	-0.9%

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

$248,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY ROVEZZI	President	35.00	Officer	$0	$32,318	$248,630
Mikhael Wilkinson	Sr VP of financeOP	35.00		$0	$9,375	$129,320
Nicole Easley	VP of Comm	5.00		$0	$21,735	$125,085
Bradford Hoar	VP philanthropic	35.00		$0	$21,870	$123,610
Leslie Friscia	CFO	5.00		$0	$14,307	$117,807
Julia Scharnberg	VP Comm Engage	35.00		$0	$3,300	$111,976
ANNE SUTHERLAND FUCHS	Director	1.00	Director	$0	$0	$0
Sandra Edelman	Director	0.00	Director	$0	$0	$0
DON MAYLAND	1st Vice Chair	2.00	Officer Director	$0	$0	$0
Adrian Selby	Chairman	2.00	Officer Director	$0	$0	$0
Mike McGill	Director	0.00	Director	$0	$0	$0
David Antoniazzi	Director	1.00	Director	$0	$0	$0
Elizabeth Brayboy	Treasurer	1.00	Director	$0	$0	$0
Patrique Fearon	Director	1.00	Director	$0	$0	$0
Jason Giordano	Director	1.00	Director	$0	$0	$0
BARBARA SPIEGEL	Director	1.00	Director	$0	$0	$0
Anthea Disney	Director	2.00	Officer Director	$0	$0	$0
Anne Ruwet	Director	1.00	Director	$0	$0	$0
Anita Baxter	Secretary	2.00	Officer Director	$0	$0	$0
Rod Pleasants	Director	1.00	Director	$0	$0	$0
Vincent Inconiglios	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
2025	No data	No data	No data	No data
2024	$7,628,637	$6,996,920	$154,484,336	$631,717
2023	$11,882,458	$6,799,763	$141,690,594	$5,082,695
2022	$15,274,377	$6,473,362	$124,859,463	$8,801,015
2021	$9,989,668	$6,347,974	$136,137,199	$3,641,694
2020	$8,121,452	$5,421,265	$122,635,352	$2,700,187
2019	$4,704,039	$6,812,808	$108,649,509	$-2,108,769
2018	$6,784,772	$4,135,992	$96,887,293	$2,648,780

NORTHWEST CONNECTICUT COMMUNITY FOUNDATION INC