UNITED WAY OF NORTHWEST CONNECTICUT INC (EIN 066009309) - 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

1942

Legal Domicile

Principal Officer

CATHY COYLE

Phone

8604894131

Tax Period

2024-01-01 to 2024-12-31

UNITED WAY OF NORTHWEST CONNECTICUT INC, founded in 1942, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $152K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $172K exceeded revenue, resulting in a 13% operating deficit.

Mission

UNITED WAY OF NORTHWEST CONNECICUT INC. FULFILLS ITS MISSION BY BOTH PROVIDING DIRECT COMMUNITY PROGRAMS AND FUNDING PARTNER NONPROFIT ORGANIZATIONS. OUR PROGRAMS SUPPORT LOCAL NEEDS INCLUDING ALICE INITIATIVES, EMERGENCY ASSISTANCE, EDUCATION SUPPORT, VOLUNTEER ENGAGEMENT, AND OTHER TARGETED SERVICES. IN ADDITION, WE ALLOCATE RESOURCES TO QUALIFIED HUMAN SERVICES AGENCIES THROUGHOUT NORTHWEST CONNECTICUT.

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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 $129,516

Program Service Revenue $24,114

Investment Income $1,394

Other Revenue $-3,110

TOTAL REVENUE $151,914

Expense Breakdown

Grants Paid $47,007

Salaries & Benefits $49,127

Fundraising Expenses $30,248

Program Expenses $120,950

Other Expenses $75,559

TOTAL EXPENSES $171,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,914	$188,175	-0.2%
Expenses	$171,693	$143,069	+0.2%
Net Income	$-19,779	$45,106	-1.4%

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

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

$44,635

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA FERRIS	Executive Dir.	40.00	Officer	$44,635	$0	$44,635
JIM HUTCHISON	Director	1.00	Director	$0	$0	$0
JASON HEALY	2nd Vice Chair	1.00	Officer Director	$0	$0	$0
CATHY COYLE	President	2.00	Officer Director	$0	$0	$0
ALAN COLAVECCHIO	Director	1.00	Director	$0	$0	$0
KRISTINA FRANKLIN	Secretary	1.00	Officer Director	$0	$0	$0
GLORIA HALL	Director	1.00	Director	$0	$0	$0
JOHN LAVIERI	Director	1.00	Director	$0	$0	$0
GABRIEL SOUSA	Director	1.00	Director	$0	$0	$0
ROBERT TEITTINEN	Director	1.00	Director	$0	$0	$0
GREGG COGSWELL	Director	1.00	Director	$0	$0	$0
JACQUE WILLIAMS	Director	1.00	Director	$0	$0	$0
KEVIN SULLIVAN	Treasurer	2.00	Officer Director	$0	$0	$0
RISTA MALANCA	Director	1.00	Director	$0	$0	$0
GREG TONON	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
2024	$151,914	$171,693	$653,684	$-19,779
2023	$188,175	$143,069	$599,504	$45,106
2022	$369,737	$395,274	$523,251	$-25,537
2021	$673,838	$470,726	$653,825	$203,112
2020	$685,729	$631,151	$677,572	$54,578
2019	$687,547	$749,452	$814,611	$-61,905
2018	$939,597	$966,596	$871,810	$-26,999

UNITED WAY OF NORTHWEST CONNECTICUT INC