CONNECTICUT HOSPITAL ASSOCIATION TRUST (EIN 066322583) - 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

1988

Legal Domicile

Principal Officer

JENNIFER JACKSON

Phone

2032657611

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT HOSPITAL ASSOCIATION TRUST, founded in 1988, is a micro nonprofit in the Health Care sector that reported $21K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $216K exceeded revenue, resulting in a 913% operating deficit.

Mission

PROVIDES NO-INTEREST LOANS, FINANCIAL AND TECHNICAL ASSISTANCE TO CT NON-PROFIT HOSPITALS.

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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 $19,715

Investment Income $1,600

Other Revenue $0

TOTAL REVENUE $21,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,937

Other Expenses $215,937

TOTAL EXPENSES $215,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,315	$137,180	-0.8%
Expenses	$215,937	$173,741	+0.2%
Net Income	$-194,622	$-36,561	+4.3%

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

N/A

Volunteers

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

Total Directors

$1,002,707

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER D JACKSON	TRUSTEE	1.00	Director	$0	$79,135	$940,207
ROBERT SANDLER	TRUSTEE	1.00	Director	$0	$0	$62,500
RONALD J AROUJO	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$21,315	$215,937	$3,945,936	$-194,622
2022	$137,180	$173,741	$4,090,234	$-36,561
2021	$134,186	$216,189	$4,078,054	$-82,003
2020	$690,986	$238,208	$3,987,851	$452,778
2019	$163,298	$231,799	$4,094,320	$-68,501
2018	$171,019	$226,089	$4,056,021	$-55,070

CONNECTICUT HOSPITAL ASSOCIATION TRUST