LUTHER RIDGE AT MIDDLETOWN INC

EIN: 200216017 501(c)(3)

MIDDLETOWN, CT

Total Revenue
$1,116,723
Total Expenses
$1,491,408
Total Assets
$1,141,019
Net Assets
$-1,137,375
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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
2003
Legal Domicile
CT
Principal Officer
ANGELA BOVILL
Phone
7819970900
Tax Period
2024-07-01 to 2025-06-30

LUTHER RIDGE AT MIDDLETOWN INC, founded in 2003, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 34% operating deficit.

Mission

WE ARE CALLED TO STRENGTHEN COMMUNITIES BY EMPOWERING PEOPLE TO RESPOND TO LIFE'S CHALLENGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,102,048
Investment Income $0
Other Revenue $14,675
TOTAL REVENUE $1,116,723

Expense Breakdown

Grants Paid $0
Salaries & Benefits $728,857
Fundraising Expenses $0
Program Expenses $894,533
Other Expenses $762,551
TOTAL EXPENSES $1,491,408

Year-over-Year Comparison

2024 2023 Change
Revenue $1,116,723 $1,120,115 0.0%
Expenses $1,491,408 $1,513,022 0.0%
Net Income $-374,685 $-392,907 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

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Governance

Voting Members
7
Independent Members
6
Employees
49
Volunteers
6

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
12
$2,059,178
Total Directors
8
$998,878
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA BOVILL PRESIDENT & CEO 1.00
Officer Director
$0 $42,601 $753,028
KRISTINE HANSCOM EXECUTIVE VP/CFO/COO 1.00
Officer
$0 $29,353 $352,561
CHRISTINE TAPPAN CHIEF OF STRATEGIC ADVANCEMENT 1.00
Officer Director
$0 $377 $245,850
BRENNA SCHNEIDER CHIEF OR SOCIAL INNOVATION 1.00
Officer
$0 $17,539 $200,183
PAUL HALSTEAD CHIEF TECHNOLOGY OFFICER 1.00
Officer
$0 $23,581 $207,162
NICHOLAS RUSSO SR. DIR. OF TREASURY 1.00
Officer
$0 $4,334 $149,050
CATHERINE PISARZ DIRECTOR 40.00
Highest
$107,593 $255 $107,848
TARA BROWNE CLERK/EXECUTIVE ASSISTANT 1.00
Officer
$0 $6,881 $82,463
NICHOLAS SOUSA ASST. CLERK/EXECUTIVE ASSISTANT 1.00
Officer
$0 $8,522 $68,881
KEITH ROBERTSON DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM MAYO DIRECTOR/PAST PRESIDENT 0.50
Director
$0 $0 $0
FREDERICK JENOURE CHAIR 0.50
Officer Director
$0 $0 $0
THE REV ROSS GOODMAN VICE CHAIR 0.50
Officer Director
$0 $0 $0
ASHISH COWLAGI SECRETARY 0.50
Officer Director
$0 $0 $0
ALEXANDER BARTHOLOMEW FINANCIAL SECRETARY 0.50
Officer 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 $1,116,723 $1,491,408 $1,141,019 $-374,685
2024 $1,120,115 $1,513,022 $1,008,274 $-392,907
2023 $1,146,690 $1,309,274 $1,046,506 $-162,584
2022 $1,390,948 $1,272,331 $965,780 $118,617
2021 $1,093,233 $1,364,261 $1,014,793 $-271,028
2020 $946,798 $1,241,625 $796,607 $-294,827
2019 $913,910 $1,156,076 $715,253 $-242,166
2018 $966,602 $1,226,035 $738,541 $-259,433
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