VINFEN CORPORATION OF CONNECTICUT INC (EIN 061569439) - 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

Principal Officer

JEAN YANG

Phone

6174411800

Tax Period

2023-07-01 to 2024-06-30

VINFEN CORPORATION OF CONNECTICUT INC, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $28.3M in total revenue in fiscal year 2023.

Mission

VINFEN TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUAL, FAMILIES, ORGANIZATIONS AND COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE.

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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 $1,023

Program Service Revenue $28,201,527

Investment Income $0

Other Revenue $50,271

TOTAL REVENUE $28,252,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,535,532

Fundraising Expenses $0

Program Expenses $24,957,696

Other Expenses $5,885,944

TOTAL EXPENSES $28,421,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,252,821	$26,384,808	+0.1%
Expenses	$28,421,476	$26,395,039	+0.1%
Net Income	$-168,655	$-10,231	+15.5%

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

530

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

$1,157,297

Total Directors

$590,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN YANG	DIRECTOR, PRESIDENT & CEO	5.00	Officer Director	$0	$11,279	$590,040
PADMAJA RAMAN	DIRECTOR	0.20	Director	$0	$0	$0
PAUL ZINTL	DIRECTOR	0.20	Director	$0	$0	$0
PHILIP A MASON	DIRECTOR, CHAIR	0.20	Officer Director	$0	$0	$0
C ALLEN ASHLEY	DIRECTOR, CLERK	0.20	Officer Director	$0	$0	$0
ANNETTE KOVAMEES	TREASURER (AS OF 9/21/23)	5.00	Officer	$0	$36,936	$327,021
LURLEEN GANNON	ASSISTANT CLERK	0.50	Officer	$0	$6,959	$240,236
ROBERT CRANE	EXECUTIVE DIRECTOR	40.00	Highest	$157,673	$23,036	$180,709
MARICRUZ ORTIZ	DIRECTOR OF SERVICE	40.00	Highest	$103,027	$36,353	$139,380
MARITA MCDERMOTT	DIRECTOR OF SERVICE	40.00	Highest	$102,655	$36,596	$139,251
BARBARA CHAPMAN	LEAD STAFF	40.00	Highest	$112,131	$29,976	$142,107
RICHARD F SULLIVAN	FORMER TREASURER & CLERK	0.00		$0	$8,097	$131,130

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	$28,252,821	$28,421,476	$19,497,315	$-168,655
2023	$26,384,808	$26,395,039	$16,242,937	$-10,231
2022	$22,578,358	$22,624,372	$11,182,359	$-46,014
2021	$22,014,754	$21,770,186	$14,372,435	$244,568
2020	$20,744,316	$21,609,101	$9,969,833	$-864,785
2019	$19,972,833	$20,181,592	$12,855,864	$-208,759
2018	$18,395,797	$18,464,928	$5,968,166	$-69,131

VINFEN CORPORATION OF CONNECTICUT INC