East Hartford, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Connecticut Center for Advanced Technology Inc, founded in 2004, is a mid-sized nonprofit in the Employment sector that reported $18.3M in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $16.8M left a modest 8% surplus.
To lead the advancement of applied technologies, power the workforce of the future and inspire change.
To provide assistance to Connecticuts small and medium size manufacturing companies to compete in the aerospace & defense markets and to adopt technologies and practices needed to fully participate...
To provide assistance to Connecticuts small and medium size manufacturing companies to compete in the aerospace & defense markets and to adopt technologies and practices needed to fully participate in the next generation aerospace & defense supply base.
To implement education and workforce initiatives that link academic development with current and future technology-based businesses.
To develop strategies for the assessment and development of renewable energy such as distributed generation, hydrogen fuel cells and other energy improvement programs.
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 | $18,320,884 | $10,021,083 | +0.8% |
| Expenses | $16,828,780 | $10,483,557 | +0.6% |
| Net Income | $1,492,104 | $-462,474 | -4.2% |
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 |
|---|---|---|---|---|---|---|
| Kevin Flanagan | Chairman of the Board | 0.50 |
Director
|
$0 | $0 | $0 |
| Craig Douglas | Vice Chairman of the Board | 0.50 |
Director
|
$0 | $0 | $0 |
| Michelle Allinson | Member of the Board | 0.50 |
Director
|
$0 | $0 | $0 |
| Adrian Cosma | Member of the Board | 0.50 |
Director
|
$0 | $0 | $0 |
| Rodney Powell | Member of the Board | 0.50 |
Director
|
$0 | $0 | $0 |
| Teri Prive | Member of the Board | 0.50 |
Director
|
$0 | $0 | $0 |
| Ron Angelo | President & CEO | 65.00 |
Officer
|
$293,586 | $14,764 | $308,350 |
| John A Glidden | Chief Financial Officer/Secretary | 45.00 |
Officer
|
$218,238 | $29,439 | $247,677 |
| Jacquelynn K Garofano | Chief Technology Officer | 40.00 |
Officer
|
$161,260 | $17,382 | $178,642 |
| Joseph B Wysocki | Director of Manufacturing Technology | 40.00 |
Highest
|
$156,940 | $21,303 | $178,243 |
| Henry Babiec | Senior Manufacturing Applications Engineer | 40.00 |
Highest
|
$124,487 | $13,319 | $137,806 |
| Cheryl Stephenson | Controller | 40.00 |
Highest
|
$123,735 | $12,937 | $136,672 |
| Jeffrey Crandall | Senior Manager of Additive Technologies | 40.00 |
Highest
|
$123,816 | $7,143 | $130,959 |
| Paul Striebel | Program & Procurement Manager | 40.00 |
Highest
|
$121,659 | $18,120 | $139,779 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $18,320,884 | $16,828,780 | $21,896,534 | $1,492,104 |
| 2022 | $10,021,083 | $10,483,557 | $16,233,195 | $-462,474 |
| 2021 | $9,054,771 | $9,629,248 | $11,814,125 | $-574,477 |
| 2020 | $7,709,680 | $7,898,916 | $15,450,479 | $-189,236 |
| 2019 | $8,743,444 | $8,622,350 | $8,937,073 | $121,094 |
| 2018 | $7,868,111 | $8,264,573 | $7,520,407 | $-396,462 |
Compare Connecticut Center for Advanced Technology Inc with other nonprofits in Connecticut and across the country.