CONNECTICUT BAR FOUNDATION

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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

1952

Legal Domicile

Principal Officer

ANGELA SCHLINGHEYDE

Phone

8607222494

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT BAR FOUNDATION, founded in 1952, is a mid-sized nonprofit in the Crime & Legal sector that reported $43.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $15.1M, a strong 35% operating margin.

Mission

THE CONNECTICUT BAR FOUNDATION IS A NON-PROFIT ORGANIZATION ESTABLISHED IN 1952. THE CBF'S MISSION IS TO FACILITATE SYSTEMIC CHANGE THAT ADVANCES CIVIL JUSTICE FOR ALL, REGARDLESS OF POWER OR RESOURCES, TO ACHIEVE A MORE JUST AND EQUITABLE SOCIETY. THE CBF WORKS TO DO THIS BY STEWARDING FUNDING, VOLUNTEERS, PROGRAMMING, DATA, INNOVATION, AND COLLABORATION TO LEAD AND PARTNER IN INTEGRATED APPROACHES TO IMPROVING THE ADMINISTRATION OF CIVIL JUSTICE. SPECIFICALLY, THE CBF ADMINISTERS SEVERAL GRANT PROGRAMS THAT FUND THE DELIVERY OF LEGAL SERVICES FOR CONNECTICUT RESIDENTS WHO CANNOT AFFORD AN ATTORNEY, INCLUDING THE INTEREST ON LAWYERS' TRUST ACCOUNTS AND THE INTEREST ON TRUST ACCOUNTS (IOLTA/IOTA) PROGRAMS, THE JUDICIAL BRANCH GRANTS-IN-AID, THE COURT FEES GRANTS-IN-AID, AND THE STATE'S RIGHT TO COUNSEL PROGRAM. THE FOUNDATION ALSO FUNDS SCHOLARSHIPS, BASED ON FINANCIAL NEED, FOR CONNECTICUT STUDENTS ATTENDING LAW SCHOOLS IN THE STATE.

Program Service Accomplishments

Program 1

Expenses: $6,947,694 Revenue: $21,653,960

THE REVENUE OF THE IOLTA/IOTA PROGRAM IS DERIVED FROM INTEREST EARNED ON LAWYERS' TRUST ACCOUNTS AND INTEREST ON TRUST ACCOUNTS, MADE AVAILABLE BY PARTICIPATING ATTORNEYS THROUGH ELIGIBLE FINANCIAL INSTITUTION REMITTANCES OF INTEREST EARNED ON THESE ACCOUNTS. THE PURPOSE OF THE PROGRAM IS TO MAKE FUNDS AVAILABLE TO PROVIDE FOR THE DELIVERY OF CIVIL LEGAL SERVICES TO LOW-INCOME INDIVIDUALS AND FOR LAW SCHOOL SCHOLARSHIPS BASED ON FINANCIAL NEED.

Program 2

Expenses: $14,510,808

COURT FEES GRANTS-IN-AID AND JUDICIAL BRANCH GRANT FOR CIVIL LEGAL REPRESENTATION - UNDER THE COURT FEES GRANTS-IN-AID PROGRAM, THE JUDICIAL BRANCE TRANSFERS THE REVENUE FROM DESIGNATED COURT FILING FEES TO THE CBF, WHICH DISTRIBUTES THE FUNDS TO CURRENT IOLTA/IOTA GRANTEES FOR THE PURPOSE OF FUNDING THE DELIVERY OF LEGAL SERVICES TO CONNECTICUT'S LOW-INCOME POPULATION. JUDICIAL BRANCH GRANT-IN-AID IS ADDITIONAL FUNDING PROVIDED TO CBF TO SUPPLEMENT THE COURT FEES AND IOLTA/IOTA PROGRAMS.

Program 3

Expenses: $6,257,994

RIGHT TO COUNSEL, EVICTION/TRO- THE CBF IS THE ADMINISTRATOR OF THE RIGHT TO COUNSEL (RTC) IN EVICTION DEFENSE AND TEMPORARY RESTRAINING ORDER GRANT PROGRAMS. THE RTC EVICTION DEFENSE PROGRAM FUNDS LEGAL AID ORGANIZATIONS THAT PROVIDE ACCESS TO FREE LEGAL HELP FOR INCOME-ELIGIBLE TENANTS FACING EVICTION OR LOSS OF THEIR HOUSING SUBSIDY. THE RTC TEMPORARY RESTRAINING ORDER PROGRAM FUNDS LEGAL AID ORGANIZATIONS THAT PROVIDE LEGAL REPRESENTATION FOR INCOME-ELIGIBLE INDIVIDUALS WHO ARE INTERESTED IN APPLYING FOR TEMPORARY RESTRAINING ORDERS IN THE JUDICIAL DISTRICTS OF FAIRFIELD, HARTFORD, NEW HAVEN, STAMFORD-NORWALK, AND WATERBURY.

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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 $21,628,701

Program Service Revenue $21,653,960

Investment Income $36,238

Other Revenue $0

TOTAL REVENUE $43,318,899

Expense Breakdown

Grants Paid $26,644,970

Salaries & Benefits $993,546

Fundraising Expenses $0

Program Expenses $27,972,622

Other Expenses $613,488

TOTAL EXPENSES $28,252,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,318,899	$38,897,629	+0.1%
Expenses	$28,252,004	$23,909,178	+0.2%
Net Income	$15,066,895	$14,988,451	+0.0%

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

313

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

$317,519

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON BARRY F ARMATA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER G BROWN	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA WOODIN CHAVEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ART T COREY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN DEMEOLA	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY A DIEMAND	DIRECTOR	1.00	Officer Director	$0	$0	$0
HEATHER GERKEN	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD J HEATH	DIRECTOR	1.00	Director	$0	$0	$0
JOETTE KATZ	DIRECTOR	1.00	Director	$0	$0	$0
ANIKA SINGH LEMAR	VICE PRESIDE	1.00	Director	$0	$0	$0
STEPHEN L LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
ISABELLA M SQUICCIARINI	DIRECTOR	1.00	Director	$0	$0	$0
YAMUNA MENON	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET MIDDLETON	DIRECTOR	1.00	Director	$0	$0	$0
EBONI S NELSON	DIRECTOR	1.00	Director	$0	$0	$0
HON CESAR A NOBLE	DIRECTOR	1.00	Director	$0	$0	$0
MOY N OGILVIE	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT P PACE	DIRECTOR	1.00	Director	$0	$0	$0
SONIA PEDRAZA	DIRECTOR	1.00	Director	$0	$0	$0
FRANKLIN E PERRY	DIRECTOR	1.00	Director	$0	$0	$0
HON ROBERT A RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
NAMITA SHAH	DIRECTOR	1.00	Director	$0	$0	$0
KEITH J SORESSI	SECRETARY	1.00	Officer Director	$0	$0	$0
CALVIN K WOO	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD KNOTEK	DIRECTOR	1.00	Director	$0	$0	$0
HON CECIL J THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA SCHLINGHEYDE	EXECUTIVE DI	40.00	Officer	$168,000	$16,681	$184,681
BRUCE HILTUNEN	CFO	25.00	Officer	$132,838	$0	$132,838

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	$43,318,899	$28,252,004	$54,667,020	$15,066,895
2023	$38,897,629	$23,909,178	$38,223,904	$14,988,451
2022	$27,745,120	$22,854,880	$21,395,002	$4,890,240
2021	$17,157,685	$15,531,730	$15,826,247	$1,625,955
2020	$15,421,672	$15,577,376	$13,303,696	$-155,704
2019	$20,128,343	$18,034,030	$13,203,454	$2,094,313
2018	$18,403,523	$18,862,666	$11,435,661	$-459,143