THE CONNECTION FUND INC

EIN: 110017051 501(c)(3)

MIDDLETOWN, CT

Total Revenue
$11,518,507
Total Expenses
$11,894,126
Total Assets
$14,905,273
Net Assets
$5,237,915
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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
1989
Legal Domicile
CT
Principal Officer
LISA DEMATTEIS-LEPORE
Phone
8603435500
Tax Period
2023-07-01 to 2024-06-30

THE CONNECTION FUND INC, founded in 1989, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

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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 $275,650
Program Service Revenue $10,315,575
Investment Income $0
Other Revenue $927,282
TOTAL REVENUE $11,518,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,678,977
Fundraising Expenses $245,716
Program Expenses $5,478,616
Other Expenses $6,215,149
TOTAL EXPENSES $11,894,126

Year-over-Year Comparison

2023 2022 Change
Revenue $11,518,507 $9,700,607 +0.2%
Expenses $11,894,126 $10,469,497 +0.1%
Net Income $-375,619 $-768,890 -0.5%
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
5
Independent Members
4
Employees
63
Volunteers
45

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
$753,023
Total Directors
5
$427,960
Key Employees
2
$530,056
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY WALLACE CHAIR 1.50
Officer Director
$0 $0 $0
ELIZABETH BOBRICK SECRETARY 1.50
Officer Director
$0 $0 $0
LAWRENCE DAVIS TREASURER 1.50
Officer Director
$0 $0 $0
JOANN ZAMPARO VICE CHAIR 1.50
Officer Director
$0 $0 $0
LISA DEMATTEIS-LEPORE CEO 23.00
Officer Director
$384,768 $43,192 $427,960
STEPHEN ABSHIRE CFO 23.00
Officer
$273,863 $51,200 $325,063
BETH CONNOR CHIEF PROGRAM OFFICER 23.00
Key Emp
$251,856 $15,395 $267,251
KATHY SAVINO COO 4.00
Key Emp
$0 $14,966 $262,805
JESSICA SMITH DEPUTY CHIEF OF BUSINESS DEVELOPMENT 23.00
Highest
$165,404 $23,840 $189,244
SUSAN PHILLIPS DIRECTOR OF QUALITY, INFORMATION, RISK 23.00
Highest
$123,446 $20,728 $144,174
ALISON FRIAR DIRECTOR OF CLINICAL DEVELOPMENT 27.00
Highest
$0 $7,178 $130,837
JOHN GORCYNSKI DIRECTOR OF FINANCE 27.00
Highest
$125,208 $20,275 $145,483
TERESA FERRARO DIRECTOR OF CLINICAL OPERATIONS 27.00
Highest
$0 $36,127 $158,100
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 $11,518,507 $11,894,126 $14,905,273 $-375,619
2023 $9,700,607 $10,469,497 $9,420,992 $-768,890
2022 $10,125,331 $9,274,216 $18,253,775 $851,115
2021 $10,063,430 $9,247,766 $17,037,808 $815,664
2020 $9,615,110 $9,396,576 $14,517,288 $218,534
2019 $9,846,745 $9,667,454 $11,685,907 $179,291
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