THE CARING COMMUNITY OF CONNECTICUT INC

EIN: 222583035 501(c)(3)

COLCHESTER, CT

Total Revenue
$20,719,390
Total Expenses
$20,709,204
Total Assets
$10,253,564
Net Assets
$-641,773
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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
1984
Legal Domicile
CT
Principal Officer
MICHELLE GRANT
Phone
8602674463
Tax Period
2022-07-01 to 2023-06-30

THE CARING COMMUNITY OF CONNECTICUT INC, founded in 1984, is a mid-sized nonprofit that reported $20.7M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE INDEPENDENT LIVING FACILITIES AND VOCATIONAL DAY TREATMENT SERVICES FOR DEVELOPMENTALLY DISABLED ADULTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $153,270
Program Service Revenue $20,554,107
Investment Income $12,013
Other Revenue $0
TOTAL REVENUE $20,719,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,746,962
Fundraising Expenses $0
Program Expenses $19,414,004
Other Expenses $2,962,242
TOTAL EXPENSES $20,709,204

Year-over-Year Comparison

2022 2021 Change
Revenue $20,719,390 $19,086,153 +0.1%
Expenses $20,709,204 $19,150,950 +0.1%
Net Income $10,186 $-64,797 -1.2%
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
7
Employees
100
Volunteers
7

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
5
$433,622
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICE SHERIFF CHAIRPERSON 1.00
Officer Director
$0 $0 $0
DEBRA HARRISON BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE CASTELLANO BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH AUGUST BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH BAZINET BOARD MEMBER 1.00
Director
$0 $0 $0
LENORE BEEBE BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN KANE BOARD MEMBER 1.00
Director
$0 $0 $0
ANWARI DAISY NAYEEM VICE PRESIDENT 40.00
Officer
$152,723 $4,199 $156,922
GLENN MEADOWS II SECRETARY 40.00
Officer
$120,739 $8,690 $129,429
MICHELLE GRANT TREASURER/DIR OF FINANCE 40.00
Officer
$108,102 $2,705 $110,807
WESLEY MARTINS PRESIDENT/EXECUTIVE DIR 40.00
Officer
$36,464 $0 $36,464
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 No data No data No data No data
2024 No data No data No data No data
2023 $20,719,390 $20,709,204 $10,253,564 $10,186
2022 $19,086,153 $19,150,950 $8,242,039 $-64,797
2021 $17,596,342 $17,723,805 $8,501,598 $-127,463
2020 $18,020,320 $18,003,332 $8,501,598 $16,988
2019 $16,067,942 $16,087,855 $7,149,543 $-19,913
2018 $14,896,862 $14,921,239 $6,831,136 $-24,377
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