COMMUNITY HEALTH NETWORK OF CONNECTICUT FOUNDATION INC

EIN: 200395748 501(c)(3)

WALLINGFORD, CT

Total Revenue
$36,378
Total Expenses
$231,370
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CT
Principal Officer
SYLVIA B KELLY MPA
Phone
2039494100
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

OUR MISSION IS TO ADVANCE, SUPPORT AND PROMOTE PROGRAMS AND ACTIVITIES THAT FUNDAMENTALLY IMPROVE THE HEALTH STATUS OF THE PEOPLE OF CONNECTICUT.

Program Service Accomplishments

Program 1
Expenses: $178,953

OUR MISSION IS TO ADVANCE, SUPPORT AND PROMOTE PROGRAMS AND ACTIVITIES THAT FUNDAMENTALLY IMPROVE THE HEALTH STATUS OF THE PEOPLE OF CONNECTICUT.

Program 2
Expenses: $32,795 Revenue: $5,000

THE COOKING MATTERS PROGRAM TEACHES FAMILIES HOW TO PREPARE HEALTHY, TASTY MEALS ON A LIMITED BUDGET.

Program 3

KHAIR (PRONOUNCED "CARE") SERVES AT-RISK YOUTH BY OFFERING ONE-ON-ONE MENTORING RELATIONSHIPS AND A RANGE OF WORKSHOPS DESIGNED TO TEACH IMPORTANT LIFE SKILLS AND BOLSTER SELF-CONFIDENCE.

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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 $60,778
Program Service Revenue $5,000
Investment Income $0
Other Revenue $-29,400
TOTAL REVENUE $36,378

Expense Breakdown

Grants Paid $178,953
Salaries & Benefits $26,326
Fundraising Expenses $984
Program Expenses $211,748
Other Expenses $26,091
TOTAL EXPENSES $231,370

Year-over-Year Comparison

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%
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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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
29

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
4
$1,390,287
Total Directors
4
$1,328,416
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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
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