CONNECTICUT RETAIL MERCHANTS ASSOCIATION (EIN 066079119) - 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

1955

Legal Domicile

Principal Officer

TIMOTHY PHELAN

Phone

8605271044

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT RETAIL MERCHANTS ASSOCIATION, founded in 1955, is a small nonprofit that reported $312K in total revenue in fiscal year 2023.

Mission

TO KEEP MEMBERS INFORMED OF NEW LEGISLATION PERTAINING TO THE OPERATIONS OF THEIR BUSINESSES AS RETAILERS IN CONNECTICUT AND OTHERWISE INFORM AND PROMOTE THE INTERESTS OF RETAIL MERCHANTS IN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $305,114

Investment Income $0

Other Revenue $6,624

TOTAL REVENUE $311,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,027

Fundraising Expenses $0

Other Expenses $149,420

TOTAL EXPENSES $304,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,738	$325,102	0.0%
Expenses	$304,447	$276,305	+0.1%
Net Income	$7,291	$48,797	-0.9%

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

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

$154,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIGAIL JEWETT	CHAIR	3.00	Officer Director	$0	$0	$0
CHARLES MILLER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MIKE GOMAN	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
DON JONES	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BLOZY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DIRECTOR	DIRECTOR	1.00	Director	$0	$0	$0
PAT MADDEN	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN MCCANN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CALIO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA FISHER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW CAMPION	DIRECTOR	1.00	Director	$0	$0	$0
DENEVAN O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
TONY AITORO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MARCUS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MUNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAN RUBINO	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY G PHELAN	PRESIDENT	40.00	Officer	$154,900	$0	$154,900

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	No data	No data	No data	No data
2023	$311,738	$304,447	$108,621	$7,291
2022	$325,102	$276,305	$106,107	$48,797
2021	$435,611	$406,995	$152,381	$28,616
2020	$286,080	$267,345	$121,870	$18,735
2019	$296,442	$297,870	$187,043	$-1,428
2018	$270,998	$294,460	$182,386	$-23,462

CONNECTICUT RETAIL MERCHANTS ASSOCIATION