MAYNARD ROAD CORPORATION (EIN 205952774) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

ROBERT V CAPPELLETTI

Phone

2032350157

Tax Period

2023-01-01 to 2023-12-31

MAYNARD ROAD CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $796K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 242% operating deficit.

Mission

MRCS GOAL IS TO DEVELOP AFFORDABLE HOUSING WITH ALTERNATIVE ENERGY IMPROVEMENTS IN THE CITY OF MERIDEN AND SURROUNDING COMMUNITIES IN THE STATE OF CONNECTICUT.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $796,327

Investment Income $-72

Other Revenue $0

TOTAL REVENUE $796,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $480,087

Fundraising Expenses $0

Program Expenses $2,720,347

Other Expenses $2,240,260

TOTAL EXPENSES $2,720,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$796,255	$4,755,791	-0.8%
Expenses	$2,720,347	$1,037,756	+1.6%
Net Income	$-1,924,092	$3,718,035	-1.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT V CAPPELLETTI	SECRETARY	10.00	Officer Director	$0	$0	$0
SCOTT GRIFFTH	PRESIDENT	10.00	Officer Director	$0	$0	$0
CORNELIOUS IVERS	TREASURER	10.00	Officer Director	$0	$0	$0
LAWRENCE KENDZIOR	DIRECTOR	10.00	Director	$0	$0	$0
EMELY MORALES-VARONA	DIRECTOR	10.00	Director	$0	$0	$0
CARLOS RUIZ	VICE PRESIDENT	10.00	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
2023	$796,255	$2,720,347	$10,199,717	$-1,924,092
2022	$4,755,791	$1,037,756	$10,453,676	$3,718,035
2021	$904,902	$1,222,074	$6,938,782	$-317,172
2021	$280,441	$469,298	$6,787,087	$-188,857
2020	$1,255,032	$1,125,662	$7,447,387	$129,370
2019	$1,051,163	$914,615	$7,180,476	$136,548
2018	$2,957,431	$622,000	$7,214,268	$2,335,431

MAYNARD ROAD CORPORATION