BRADLEY HENRY BARNES AND LEILA BARNES MEMORIAL TRUST C/O MAIN STREET COMMUNITY

EIN: 066160463 501(c)(3)

BRISTOL, CT

Total Revenue
$888,518
Total Expenses
$1,197,100
Total Assets
$21,112,850
Net Assets
$21,070,629
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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
1973
Legal Domicile
CT
Principal Officer
SUSAN SADECKI
Phone
8605836363
Tax Period
2023-01-01 to 2023-12-31

BRADLEY HENRY BARNES AND LEILA BARNES MEMORIAL TRUST C/O MAIN STREET COMMUNITY, founded in 1973, is a small nonprofit that reported $889K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO SUPPORT THE CHARITABLE ACTIVITIES OF THE MAIN STREET COMMUNITY FOUNDATION BY IMPROVING THE HEALTH, MEDICAL CARE AND WELLNESS OF THE SOUTHINGTON, CT COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $258,329

GRANTS MADE IN RESPONSE TO GENERAL HEALTH

Program 2
Expenses: $683,796

GRANTS MADE IN RESPONSE TO MENTAL HEALTH

Program 3
Expenses: $75,604

GRANTS MADE IN RESPONSE TO FOOD, NUTRITION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $828,393
Other Revenue $60,125
TOTAL REVENUE $888,518

Expense Breakdown

Grants Paid $908,636
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,017,729
Other Expenses $288,464
TOTAL EXPENSES $1,197,100

Year-over-Year Comparison

2023 2022 Change
Revenue $888,518 $1,492,172 -0.4%
Expenses $1,197,100 $1,197,374 0.0%
Net Income $-308,582 $294,798 -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

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Governance

Voting Members
20
Independent Members
19
Employees
N/A
Volunteers
120

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
6
$187,703
Total Directors
20
$187,703
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN SADECKI PRESIDENT & CEO 2.00
Officer Director
$0 $8,798 $187,703
SCOTT FOURNIER CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
DANIEL J DAIGLE VICE CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM R MICARI TREASURER 1.00
Officer Director
$0 $0 $0
KATHRYN C REINHARD SECRETARY 1.00
Officer Director
$0 $0 $0
MARGUERITE P FLETCHER PAST CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
MEGAN E ALBANESE DIRECTOR 1.00
Director
$0 $0 $0
JARRE B BETTS DIRECTOR 1.00
Director
$0 $0 $0
KYLE S BIDDICK DIRECTOR 1.00
Director
$0 $0 $0
BRENT DAVENPORT DIRECTOR 1.00
Director
$0 $0 $0
VIRGINIA FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
ANDREA LANESE DIRECTOR 1.00
Director
$0 $0 $0
MARK MALLEY DIRECTOR 1.00
Director
$0 $0 $0
MARK MORIARTY DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER O'CONNOR DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE M PASSINI DIRECTOR 1.00
Director
$0 $0 $0
JOHN D SCARRITT DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL F SWEENEY DIRECTOR 1.00
Director
$0 $0 $0
ANDREA WASLEY DIRECTOR 1.00
Director
$0 $0 $0
REBECCA B ZAPPONE DIRECTOR 1.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $888,518 $1,197,100 $21,112,850 $-308,582
2022 $1,492,172 $1,197,374 $19,640,333 $294,798
2021 $2,009,119 $1,191,487 $23,979,035 $817,632
2020 $1,236,128 $1,142,873 $22,103,742 $93,255
2019 $969,342 $1,115,377 $21,126,645 $-146,035
2018 $1,496,835 $996,743 $18,407,708 $500,092
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