THE CONNECTICUT COMMUNITY FOUNDATION (EIN 066038074) - 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

1923

Legal Domicile

Principal Officer

KATHY TAYLOR

Phone

2037531315

Tax Period

2024-01-01 to 2024-12-31

THE CONNECTICUT COMMUNITY FOUNDATION, founded in 1923, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $26.1M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.6M, a strong 56% operating margin.

Mission

FOSTER EQUITABLE & INCLUSIVE COMMUNITY BY INSPIRING GENEROSITY, SUPPORTING ORGANIZATIONS & CULTIVATING EFFECTIVE LEADERS.

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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 $17,529,159

Program Service Revenue $0

Investment Income $8,150,643

Other Revenue $382,457

TOTAL REVENUE $26,062,259

Expense Breakdown

Grants Paid $8,586,297

Salaries & Benefits $1,933,403

Fundraising Expenses $429,551

Program Expenses $10,198,158

Other Expenses $929,454

TOTAL EXPENSES $11,449,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,062,259	$14,938,642	+0.7%
Expenses	$11,449,154	$10,017,142	+0.1%
Net Income	$14,613,105	$4,921,500	+2.0%

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

200

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

$272,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GIARDINA	CHAIR	1.00	Officer Director	$0	$0	$0
JEAN SOLOMON	TREASURER	1.00	Officer Director	$0	$0	$0
AVERY GADDIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHLEEN BROCHHAUSEN	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA CHAPMAN	TRUSTEE	1.00	Director	$0	$0	$0
TONY CIOCCA	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA ELECK BRUCE	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH FREW	TRUSTEE	1.00	Director	$0	$0	$0
SUBIRA GORDON	TRUSTEE	1.00	Director	$0	$0	$0
JAMES A HIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
JANIE MCDERMOTT	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA OCASIO	TRUSTEE	1.00	Director	$0	$0	$0
TOMAS OLIVO	TRUSTEE	1.00	Director	$0	$0	$0
ADRIENNE PARKMOND	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER REMPFER	TRUSTEE	1.00	Director	$0	$0	$0
JOANN REYNOLDS-BALANDA	TRUSTEE	1.00	Director	$0	$0	$0
SARAN WHITE	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN JONES	TRUSTEE (UNTIL 9/24)	1.00	Director	$0	$0	$0
STEPHEN SEWARD	TRUSTEE (UNTIL 6/24)	1.00	Director	$0	$0	$0
DEBORAH FOORD	TRUSTEE (UNTIL 6/24)	1.00	Director	$0	$0	$0
JULIE LOUGHRAN	PRESIDENT & CEO (UNTIL 06/24)	40.00	Officer	$119,899	$24,830	$144,729
KATHY TAYLOR	PRESIDENT & CEO (AS OF 06/24)	40.00	Officer	$100,586	$27,454	$128,040
BARBARA RYER	DIRECTOR OF FINANCE	40.00	Highest	$145,426	$22,176	$167,602
JOSH CAREY	GRANTS MANAGEMENT DIRECTOR	40.00	Highest	$113,565	$5,784	$119,349
WANDA CORREA	VICE PRESIDENT COMMUNITY IMPACT	40.00	Highest	$134,626	$39,947	$174,573
CYNTHIA MERRICK	DIRECTOR OF DEVELOPMENT	40.00	Highest	$102,512	$46,484	$148,996

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	$26,062,259	$11,449,154	$175,543,888	$14,613,105
2023	$14,938,642	$10,017,142	$150,828,054	$4,921,500
2022	$12,635,869	$10,244,892	$129,494,549	$2,390,977
2021	$11,174,882	$9,127,431	$154,014,275	$2,047,451
2020	$12,922,899	$8,116,368	$136,693,488	$4,806,531
2019	$11,363,510	$7,532,611	$121,215,805	$3,830,899
2018	$11,750,705	$7,420,503	$103,084,977	$4,330,202

THE CONNECTICUT COMMUNITY FOUNDATION