CONNECTICUT CHILDREN'S FOUNDATION INC (EIN 222619869) - 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

1985

Legal Domicile

Principal Officer

JAMES E SHMERLING DHA FACHE

Phone

8605459000

Tax Period

2023-10-01 to 2024-09-30

CONNECTICUT CHILDREN'S FOUNDATION INC, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $37.7M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $85.6M exceeded revenue, resulting in a 127% operating deficit.

Mission

TO SUPPORT CONNECTICUT CHILDREN'S MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

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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 $25,295,500

Program Service Revenue $0

Investment Income $12,446,652

Other Revenue $0

TOTAL REVENUE $37,742,152

Expense Breakdown

Grants Paid $79,777,989

Salaries & Benefits $4,523,690

Fundraising Expenses $4,462,227

Program Expenses $79,777,989

Other Expenses $1,293,600

TOTAL EXPENSES $85,595,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,742,152	$29,360,318	+0.3%
Expenses	$85,595,279	$6,820,741	+11.5%
Net Income	$-47,853,127	$22,539,577	-3.1%

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

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

$3,238,237

Total Directors

$2,251,920

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E SHMERLINGDHAFACHE	Director - President/CEO	55.0	Officer Director	$0	$46,672	$2,007,783
Bridgett Feagin MBA	Treasurer - EVP/CFO	55.0	Officer	$0	$138,590	$986,317
David Kinahan	Former Officer	55.0		$587,341	$58,180	$645,521
Alison K Auciello	SVP Development	55.0	Highest	$283,343	$31,878	$315,221
Paulanne Jushkevich	Director - President CCMC FDN	55.0	Officer Director	$190,139	$53,998	$244,137
Mana Zarinejad	VP Corp & FDN Rel.(term 10/23)	55.0	Highest	$209,278	$25,854	$235,132
Lauren E McGill	VP, Foundation Ops & Giving	55.0	Highest	$191,188	$17,089	$208,277
Dianna L Pategas	VP Stewardship Donor Relations	55.0	Highest	$167,228	$33,967	$201,195
Anthony A Cernera	Associate VP Dev, Fairfield	55.0	Highest	$160,900	$13,453	$174,353
Shari G Cantor	Chairman - Director	1.0	Officer Director	$0	$0	$0
Christine E Bromberg Esq	Vice Chairman - Director	1.0	Officer Director	$0	$0	$0
John Sodipo	Secretary - Director	1.0	Officer Director	$0	$0	$0
Geno Auriemma	Director	1.0	Director	$0	$0	$0
Lauren Casazza	Director	1.0	Director	$0	$0	$0
James W Fanelli CFP	Director	1.0	Director	$0	$0	$0
Michael Fish	Director	1.0	Director	$0	$0	$0
Lou George	Director	1.0	Director	$0	$0	$0
Karen Hess	Director	1.0	Director	$0	$0	$0
Daryl L Jackson	Director	1.0	Director	$0	$0	$0
Joseph K Labieniec	Director	1.0	Director	$0	$0	$0
Joyce A Lagnese Esq	Director	1.0	Director	$0	$0	$0
Russell Lallier	Director	1.0	Director	$0	$0	$0
Jane Owen	Director	1.0	Director	$0	$0	$0
Jonathan Rubin	Director; Ex-Officio	1.0	Director	$0	$0	$0
Matthew A Somberg	Director	1.0	Director	$0	$0	$0
Margaret Jakubowski	Director (Term 04/2024)	1.0	Director	$0	$0	$0
David Roth	Dir ; Ex-Off (Term 12/31/2023)	1.0	Director	$0	$0	$0
Andy Skylar	Director (03/2024)	1.0	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
2024	$37,742,152	$85,595,279	$201,502,584	$-47,853,127
2023	$29,360,318	$6,820,741	$232,514,528	$22,539,577
2022	$27,836,852	$6,177,561	$192,846,429	$21,659,291
2021	$23,151,101	$12,486,928	$208,742,176	$10,664,173
2020	$15,711,316	$17,672,237	$138,683,817	$-1,960,921
2019	$20,393,261	$16,020,020	$137,704,062	$4,373,241
2018	$26,229,049	$14,942,909	$144,951,908	$11,286,140

CONNECTICUT CHILDREN'S FOUNDATION INC