COMMUNITY FOUNDATION OF GREATER NE… - Form 990 Financial Data

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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

1941

Legal Domicile

Principal Officer

KAYLAH MILLIGAN

Phone

8602296018

Tax Period

2025-01-01 to 2025-12-31

COMMUNITY FOUNDATION OF GREATER NEW BRITAIN, founded in 1941, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2025. The organization ran a surplus of $10.1M, a strong 69% operating margin.

Mission

TO INSPIRE PHILANTHROPY, MANAGE PERMANENT CHARITABLE ASSETS, AND PARTNER TO ADDRESS KEY COMMUNITY ISSUES THROUGH STRATEGIC LEADERSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,549,384

COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S HEALTH & HUMAN SERVICE AND COMMUNITY & ECONOMIC DEVELOPMENT AREAS OF INTEREST.

Program 2

Expenses: $250,275

FIRST YEARS FIRST EARLY CHILDHOOD DEVELOPMENT INITIATIVE GRANTS, COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S EDUCATION AREA OF INTEREST...

Program 3

Expenses: $1,257,925

COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S ARTS, CULTURE & HERITAGE AREA OF INTEREST.

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,233,662

Program Service Revenue $0

Investment Income $2,289,731

Other Revenue $38,267

TOTAL REVENUE $14,561,660

Expense Breakdown

Grants Paid $2,489,650

Salaries & Benefits $1,005,959

Fundraising Expenses $78,488

Program Expenses $3,596,514

Other Expenses $987,807

TOTAL EXPENSES $4,483,416

Year-over-Year Comparison

	2025	2024	Change
Revenue	$14,561,660	$14,994,324	0.0%
Expenses	$4,483,416	$4,099,275	+0.1%
Net Income	$10,078,244	$10,895,049	-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

Volunteers

104

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

$391,818

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANIS C JERMAN	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
ZACHARY V ALEXANDER	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JOHN COOKLEY	TREASURER	4.00	Officer Director	$0	$0	$0
JESSICA HERNANDEZ	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY FITZPATRICK	DIRECTOR	2.00	Director	$0	$0	$0
JERRELL HARGRAVES	DIRECTOR	2.00	Director	$0	$0	$0
NINA JANKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
PAUL QUISTBERG	DIRECTOR	2.00	Director	$0	$0	$0
NANCY RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
PASTOR THOMAS MILLS	DIRECTOR	2.00	Director	$0	$0	$0
DR FAWATIH MOHAMED-ABOUH	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD DIGHELLO	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM OSTAPCHUK	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER FARLEY	DIRECTOR	2.00	Director	$0	$0	$0
DR VIOLET SIMS	DIRECTOR	2.00	Director	$0	$0	$0
DR NICOLE SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID OBEDZINSKI	PRESIDENT AND SECRETARY	40.00	Officer	$204,750	$37,118	$241,868
ROBERT TROJANOWSKI	CHIEF FINANCIAL OFFICER	40.00	Officer	$133,340	$16,610	$149,950
JOELINE WRUCK	DIRECTOR OF GRANTS AND INI	40.00	Highest	$107,850	$32,450	$140,300
KAYLAH MILLIGAN	DIRECTOR OF PHILANTHROPY	40.00	Highest	$106,250	$14,512	$120,762

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	$14,561,660	$4,483,416	$91,017,562	$10,078,244
2024	$14,994,324	$4,099,275	$72,424,122	$10,895,049
2023	$3,040,968	$3,262,474	$56,739,687	$-221,506
2022	$2,837,690	$3,293,702	$51,582,187	$-456,012
2021	$6,176,335	$2,940,304	$61,043,792	$3,236,031
2020	$3,830,390	$2,880,076	$55,154,829	$950,314
2019	$2,541,515	$2,818,558	$49,501,822	$-277,043
2018	$3,931,778	$2,799,826	$42,745,557	$1,131,952

COMMUNITY FOUNDATION OF GREATER NEW BRITAIN