TORRINGTON COMMUNITY HOUSING (EIN 061618332) - 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

2001

Legal Domicile

Principal Officer

CLAUDIA SWEENEY

Phone

8604823581

Tax Period

2023-01-01 to 2023-12-31

TORRINGTON COMMUNITY HOUSING, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $275K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $353K exceeded revenue, resulting in a 28% operating deficit.

Mission

DEVELOP AFFORDABLE HOUSING BY PROVIDING ACCESS TO ALTERNATIVE FUNDING SOURCES

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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 $0

Program Service Revenue $258,617

Investment Income $15,118

Other Revenue $1,174

TOTAL REVENUE $274,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $352,702

Other Expenses $352,702

TOTAL EXPENSES $352,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,909	$252,123	+0.1%
Expenses	$352,702	$335,437	+0.1%
Net Income	$-77,793	$-83,314	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO LAMONICA	DIRECTOR/VIC	1.00	Officer Director	$0	$0	$0
JAMES PESCATORE	DIRECTOR/SEC	1.00	Officer Director	$0	$0	$0
SAMUEL SLAIBY	DIRECTOR	1.00	Officer Director	$0	$0	$0
CLAUDIA SWEENEY	BUSINESS MAN	N/A	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	$274,909	$352,702	$2,630,777	$-77,793
2022	$252,123	$335,437	$2,831,385	$-83,314
2021	$340,691	$407,571	$2,873,473	$-66,880
2020	$300,736	$418,981	$2,942,579	$-118,245
2019	$343,212	$405,093	$3,035,367	$-61,881

TORRINGTON COMMUNITY HOUSING