COMMUNITY FOUNDATION OF GREATER NEW BRITAIN (EIN 066036461) - 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

1941

Legal Domicile

Principal Officer

DAVID OBEDZINSKI

Phone

8602296018

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION OF GREATER NEW BRITAIN, founded in 1941, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2024. Revenue surged 393% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.9M, a strong 73% operating margin.

Mission

INSPIRE PHILANTHROPY, MANAGE PERMANENT CHARITABLE ASSETS, AND ADDRESS KEY COMMUNITY ISSUES.

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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 $13,622,671

Program Service Revenue $0

Investment Income $1,342,290

Other Revenue $29,363

TOTAL REVENUE $14,994,324

Expense Breakdown

Grants Paid $2,424,207

Salaries & Benefits $918,865

Fundraising Expenses $83,880

Program Expenses $3,306,327

Other Expenses $756,203

TOTAL EXPENSES $4,099,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,994,324	$3,040,968	+3.9%
Expenses	$4,099,275	$3,262,474	+0.3%
Net Income	$10,895,049	$-221,506	-50.2%

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

108

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

$385,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM SALINA	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
JESSICA HERNANDEZ	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JOHN COOKLEY	TREASURER	4.00	Officer Director	$0	$0	$0
ZACHARY ALEXANDER	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
JANIS JERMAN	DIRECTOR	2.00	Director	$0	$0	$0
DR CAMELIA LAWRENCE	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 ZULMA TORO	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	$191,000	$34,027	$225,027
ROBERT TROJANOWSKI	CHIEF FINANCIAL OFFICER	40.00	Officer	$137,079	$23,473	$160,552
JOELINE WRUCK	DIRECTOR OF GRANTS AND INITIATIVES	40.00	Highest	$103,363	$29,052	$132,415
KAYLAH MILLIGAN	DIRECTOR OF PHILANTHROPY	40.00	Highest	$101,250	$13,531	$114,781

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	$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