CONNECTICUT BAR FOUNDATION (EIN 066079763) - 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

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

TO FUND LEGAL SERVICES FOR THE POOR AND DEVELOP PROGRAMS TO ENHANCE UNDERSTANDING OF THE LAW 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 (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

CONNECTICUT BAR FOUNDATION