AREA CONGREGATIONS TOGETHER INC (EIN 222653859) - 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

1984

Legal Domicile

Principal Officer

SUSAN AGAMY

Phone

2032250453

Tax Period

2023-10-01 to 2024-09-30

AREA CONGREGATIONS TOGETHER INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 11% surplus.

Mission

TO PROVIDE FOOD, SHELTER AND SUPPORT SERVICES TO PEOPLE IN NEED IN THE LOWER NAUGATUCK VALLEY AND TO FOSTER AND INFLUENCE LONG-TERM SOLUTIONS TO THESE NEEDS.

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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 $1,273,370

Program Service Revenue $5,080

Investment Income $124

Other Revenue $0

TOTAL REVENUE $1,278,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,916

Fundraising Expenses $38,526

Program Expenses $960,084

Other Expenses $673,418

TOTAL EXPENSES $1,139,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,278,574	$984,914	+0.3%
Expenses	$1,139,334	$1,075,110	+0.1%
Net Income	$139,240	$-90,196	-2.5%

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

225

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

$109,671

Total Directors

$109,671

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN J AGAMY	EXECUTIVE DIRECTOR / SECRE	40.00	Officer Director	$76,511	$33,160	$109,671
NICHOLAS DAPAZ CPA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT CAPONI	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE DELEON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM FOLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA HENLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
FELICITY MEDINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
WIN OPPEL	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM PURCELL	BOARD MEMBER	1.00	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	$1,278,574	$1,139,334	$3,686,367	$139,240
2023	$984,914	$1,075,110	$3,567,614	$-90,196
2022	$926,260	$981,360	$3,682,577	$-55,100
2021	$863,740	$910,974	$3,826,739	$-47,234
2020	$1,058,118	$948,793	$3,965,564	$109,325
2019	$940,185	$1,028,559	$3,973,245	$-88,374
2018	$982,686	$1,085,093	$4,156,554	$-102,407

AREA CONGREGATIONS TOGETHER INC