TROUT BROOK REALTY ADVISORS INC

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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

Phone

8609530002

Tax Period

2023-01-01 to 2023-12-31

TROUT BROOK REALTY ADVISORS INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 33% operating margin.

Mission

To create, preserve, revitalize and pursue affordable housing and community development opportunities that serve a diverse mix of households, to entertain, through partnerships or through consultative services, affordable housing activity throughout the State of Connecticut, to seek to promote a viable and dynamic community through leadership and collaborative activities, and to focus on maintaining and managing quality housing and providing residential services that afford our residents the opportunity to achieve personal growth and financial independence.

Program Service Accomplishments

Program 1

Expenses: $1,931,073 Revenue: $651,417

OPERATE 137 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY, known as AE Plant

Program 2

Expenses: $881,672 Revenue: $745,335

OPERATE 47 UNITS OF LOW AND MODERATE INCOME HOUSING, KNOWN AS THE GOODWIN

Program 3

Expenses: $514,062 Revenue: $141,492

OPERATE 40 UNITS OF ELDERLY LOW INCOME HOUSING, KNOWN AS Elm Grove

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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 $3,410,639

Program Service Revenue $2,239,809

Investment Income $77,391

Other Revenue $178,250

TOTAL REVENUE $5,906,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,904

Fundraising Expenses $0

Program Expenses $3,530,522

Other Expenses $3,314,662

TOTAL EXPENSES $3,960,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,906,089	$4,521,494	+0.3%
Expenses	$3,960,566	$4,121,708	0.0%
Net Income	$1,945,523	$399,786	+3.9%

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

$189,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL CORRADO	CEO & Treasurer	8.00	Officer	$0	$27,209	$189,509
MARK D'ADDABBO	Vice President	2.00	Director	$0	$0	$0
RANDY KABAKOFF	President	2.00	Director	$0	$0	$0
LEE MULVIHILL REYNOLDS	Secretary	2.00	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
2024	No data	No data	No data	No data
2023	$5,906,089	$3,960,566	$38,467,744	$1,945,523
2022	$4,521,494	$4,121,708	$37,087,282	$399,786
2021	$4,287,874	$3,980,176	$35,554,371	$307,698
2020	$3,823,305	$3,835,663	$37,815,902	$-12,358
2019	$4,667,203	$3,925,482	$37,605,681	$741,721
2018	$6,842,389	$3,668,369	$38,406,409	$3,174,020