METROHARTFORD ALLIANCE INC (EIN 061614518) - 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

2002

Legal Domicile

Principal Officer

DAVID GRIGGS

Phone

8605254451

Tax Period

2024-01-01 to 2024-12-31

METROHARTFORD ALLIANCE INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $4.9M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $1.6M, a strong 32% operating margin.

Mission

TO HELP HARTFORD COMPETE AGGRESSIVELY AND SUCCESSFULLY FOR JOBS, TALENT AND CAPITAL.

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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 $4,704,636

Program Service Revenue $249,869

Investment Income $0

Other Revenue $-7,719

TOTAL REVENUE $4,946,786

Expense Breakdown

Grants Paid $1,995,425

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,392,764

TOTAL EXPENSES $3,388,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,946,786	$5,912,005	-0.2%
Expenses	$3,388,189	$3,924,423	-0.1%
Net Income	$1,558,597	$1,987,582	-0.2%

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

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

$519,803

Total Directors

Key Employees

$418,448

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY BESSETTE	BOARD CHAIR	1.00	Director	$0	$0	$0
HEATHER SUMMERER	CHAIR OF GOVERNANCE	1.00	Director	$0	$0	$0
DAVE FRENCH	CHAIR OF FINANCE	1.00	Director	$0	$0	$0
MAYOR ARUNAN ARULAMPALAM	AT LARGE	1.00	Director	$0	$0	$0
BIMAL PATEL	AT LARGE	1.00	Director	$0	$0	$0
BARRY SIMON	DIRECTOR	1.00	Director	$0	$0	$0
DAN O'KEEFE	DIRECTOR	1.00	Director	$0	$0	$0
DAN O'SHEA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FAY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GLIDDEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
ERIN STEWART	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
JAY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JESSE IMSE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TURGEON	DIRECTOR	1.00	Director	$0	$0	$0
GREG REILLY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GIANNI	DIRECTOR	1.00	Director	$0	$0	$0
KEITH HUBERT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KENNY	DIRECTOR	1.00	Director	$0	$0	$0
MARK MEADOR	DIRECTOR	1.00	Director	$0	$0	$0
MARK OVERMYER-VELAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN GUAY	DIRECTOR	1.00	Director	$0	$0	$0
MATT FLEURY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
MAX KOTHARI	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BRANT	DIRECTOR	1.00	Director	$0	$0	$0
PETER SOUZA	DIRECTOR	1.00	Director	$0	$0	$0
RHONA FREE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN KULASEKARARAJ	DIRECTOR	1.00	Director	$0	$0	$0
SAM CALIGIURI	DIRECTOR	1.00	Director	$0	$0	$0
SANDY CLOUD	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE POWELL-STAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DIBELLA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GRIGGS	PRESIDENT & CEO	40.00	Officer	$0	$37,566	$350,273
ANNE BURNS	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$17,337	$169,530
SUSAN WINKLER	VICE PRESIDENT	40.00	Key Emp	$0	$23,332	$184,617
EUGENE GODDARD	CHIEF BUSINESS INVESTMENT	40.00	Key Emp	$0	$30,986	$233,831
JULIO CONCEPCION	EXECUTIVE DIRECTOR	40.00	Highest	$0	$14,886	$126,206
KATE BAUMANN	CHIEF INVESTOR RELATIONS O	40.00	Highest	$0	$17,294	$164,771

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	$4,946,786	$3,388,189	$14,660,383	$1,558,597
2023	$5,912,005	$3,924,423	$10,330,077	$1,987,582
2022	$6,555,675	$4,141,017	$9,078,446	$2,414,658
2021	$3,681,272	$2,095,881	$6,195,662	$1,585,391
2020	$5,233,034	$3,213,501	$4,474,002	$2,019,533
2019	$5,450,497	$5,730,758	$3,075,342	$-280,261
2018	$4,389,652	$4,939,548	$3,104,791	$-549,896

METROHARTFORD ALLIANCE INC