CONNECTICUT BROADCASTERS ASSOCIATION INC

EIN: 066069238

LITCHFIELD, CT

Total Revenue
$128,584
Total Expenses
$208,246
Total Assets
$1,057,658
Net Assets
$1,057,658
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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
1954
Legal Domicile
CT
Principal Officer
JENNIFER PARSONS CO WZBG
Phone
8603052038
Tax Period
2025-01-01 to 2025-12-31

CONNECTICUT BROADCASTERS ASSOCIATION INC, founded in 1954, is a small nonprofit that reported $129K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $208K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO ADVANCE THE BEST INTERESTS OF THE BROADCAST INDUSTRY IN THE STATE OF 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $42,738
Program Service Revenue $35,250
Investment Income $50,596
Other Revenue $0
TOTAL REVENUE $128,584

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,730
Fundraising Expenses $0
Program Expenses $208,246
Other Expenses $118,516
TOTAL EXPENSES $208,246

Year-over-Year Comparison

2025 2024 Change
Revenue $128,584 $186,586 -0.3%
Expenses $208,246 $236,951 -0.1%
Net Income $-79,662 $-50,365 +0.6%
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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Governance

Voting Members
14
Independent Members
13
Employees
2
Volunteers
N/A

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
2
$0
Total Directors
14
$80,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER PARSONS CO WZBG PRESIDENT 40.00
Director
$80,000 $0 $80,000
EILEEN ARMAS DIRECTOR N/A
Director
$0 $0 $0
JOE COSS TREASURER/DI N/A
Officer Director
$0 $0 $0
BRAD DANCER DIRECTOR N/A
Director
$0 $0 $0
KLARN DEPALMA DIRECTOR N/A
Director
$0 $0 $0
KAITLIN DECKER DIRECTOR N/A
Director
$0 $0 $0
RICH GRAZIANO DIRECTOR N/A
Director
$0 $0 $0
HANK GUERRERO DIRECTOR N/A
Director
$0 $0 $0
DARYLL HUCKABY DIRECTOR N/A
Director
$0 $0 $0
DAVID HUGHES DIRECTOR N/A
Director
$0 $0 $0
KATHLEEN BROWNE CO INFINITY DIRECTOR N/A
Director
$0 $0 $0
KRISTIN OKESSON CHAIR N/A
Officer Director
$0 $0 $0
STEPHANIE PERL DIRECTOR N/A
Director
$0 $0 $0
GREG THOMAS DIRECTOR N/A
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
2025 $128,584 $208,246 $1,057,658 $-79,662
2024 $186,586 $236,951 $1,112,668 $-50,365
2023 $13,391 $288,930 $1,162,457 $-275,539
2022 $505,099 $268,730 $1,367,755 $236,369
2021 $338,127 $292,507 $1,220,625 $45,620
2020 $352,520 $280,980 $1,176,699 $71,540
2019 $405,135 $332,260 $1,091,689 $72,875
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