WALLINGFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY HEALTH NETWORK OF CONNECTICUT FOUNDATION INC, founded in 2003, is a micro nonprofit that reported $36K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $231K exceeded revenue, resulting in a 536% operating deficit.
THE ORGANIZATION'S MISSION IS TO ADVANCE, SUPPORT AND PROMOTE PROGRAMS AND ACTIVITIES THAT FUNDAMENTALLY IMPROVE THE HEALTH STATUS OF THE PEOPLE OF CONNECTICUT. THEY SUPPORT NON-PROFIT ACTIVITIES OF COMMUNITY HEALTH CENTERS AND OTHER NON-PROFIT ORGANIZATIONS THAT PROMOTE HEALTH CARE TO FAMILIES IN CONNECTICUT. IN 2023, THE ORGANIZATION'S BOARD OF DIRECTORS AND IT'S MEMBER'S BOARD OF DIRECTORS APPROVED TO DISSOLVE THE ORGANIZATION. THE CONNECTICUT SECRETARY OF STATE CERTIFIED THE DISSOLUTION EFFECTIVE OCTOBER 31, 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $36,378 | $119,430 | -0.7% |
| Expenses | $231,370 | $80,692 | +1.9% |
| Net Income | $-194,992 | $38,738 | -6.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LAWRENCE MAGRAS MD | DIRECTOR | 2.00 |
Director
|
$0 | $49,974 | $597,194 |
| RONALD COURSEY | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SYLVIA B KELLY MPA | SECRETARY | 2.00 |
Officer
Director
|
$0 | $16,001 | $731,222 |
| MARIAN EVANS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| IBRAHIM BENITEZ | TREASURER | 2.00 |
Officer
|
$0 | $52,799 | $518,681 |
| ROBIN SPARKS | OUGOING EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $41,622 | $140,384 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $36,378 | $231,370 | No data | $-194,992 |
| 2022 | $119,430 | $80,692 | $269,388 | $38,738 |
| 2021 | $92,928 | $92,356 | $260,263 | $572 |
| 2020 | $80,764 | $78,399 | $228,366 | $2,365 |
| 2019 | $144,710 | $128,786 | $241,172 | $15,924 |
| 2018 | $167,138 | $157,627 | $267,987 | $9,511 |
Compare COMMUNITY HEALTH NETWORK OF CONNECTICUT FOUNDATION INC with other nonprofits in Connecticut and across the country.