CW GROUP INC

EIN: 222784283 501(c)(3)

NEW BRITAIN, CT

Total Revenue
$216,900
Total Expenses
$373,107
Total Assets
$2,576,740
Net Assets
$2,564,833
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
CT
Principal Officer
WILLIAM GREEN
Phone
8602297700
Tax Period
2022-07-01 to 2023-06-30

CW GROUP INC, founded in 1986, is a small nonprofit that reported $217K in total revenue in fiscal year 2022. Expenses of $373K exceeded revenue, resulting in a 72% operating deficit.

Mission

TO SUPPORT, BENEFIT, AND PROMOTE THE WELFARE, PROGRAMS, AND ACTIVITIES OF CW RESOURCES, INC., WHICH IS A 501 (C)(3) ORGANIZATION THAT PROVIDES INTEGRATED VOCATIONAL TRAINING AND EMPLOYMENT OPPORTUNITIES FOR THOSE INDIVIDUALS WHO ARE PHYSICALLY, DEVELOPMENTALLY, EMOTIONALLY, AND/OR SOCIO-ECONOMICALLY CHALLENGED.

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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 $0
Program Service Revenue $216,900
Investment Income $0
Other Revenue $0
TOTAL REVENUE $216,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $373,107
Other Expenses $373,107
TOTAL EXPENSES $373,107

Year-over-Year Comparison

2022 2021 Change
Revenue $216,900 $208,800 +0.0%
Expenses $373,107 $383,366 0.0%
Net Income $-156,207 $-174,566 -0.1%
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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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
22

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
8
$1,582,826
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERRY BERTHIAUME TREASURER 0.50
Officer Director
$0 $0 $0
CHET CAMARATA BOARD MEMBER 0.50
Director
$0 $0 $0
WAYNE CARINI BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT CRETELLA BOARD MEMBER 0.50
Director
$0 $0 $0
PAUL D'ADDABBO BOARD MEMBER 0.50
Director
$0 $0 $0
RAYMOND DECORMIER OUTGOING BOARD MEMBER 0.50
Director
$0 $0 $0
ELIZABETH FLYNN-ANGELONE VICE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
LARRY GALLUPE BOARD MEMBER 0.50
Director
$0 $0 $0
JANIS JERMAN BOARD MEMBER 0.50
Director
$0 $0 $0
KENNY JONES BOARD MEMBER 0.50
Director
$0 $0 $0
DENNIS KERN BOARD MEMBER 0.50
Director
$0 $0 $0
JOSEPH LAFFIN BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT LAUNDY BOARD MEMBER 0.50
Director
$0 $0 $0
GEORGIAN LUSSIER BOARD MEMBER 0.50
Director
$0 $0 $0
DOUG MALICK BOARD MEMBER 0.50
Director
$0 $0 $0
STEPHEN NIMS CHAIRPERSON 0.50
Officer Director
$0 $0 $0
ROBERT PRIMMER BOARD MEMBER 0.50
Director
$0 $0 $0
WILLIAM SCHUCH BOARD MEMBER 0.50
Director
$0 $0 $0
ROLLIN SCHUSTER BOARD MEMBER/OUTGOING CHAIRPERSON 0.50
Officer Director
$0 $0 $0
STEVE TILLONA BOARD MEMBER 0.50
Director
$0 $0 $0
JEANNETTE VARKAL BOARD MEMBER 0.50
Director
$0 $0 $0
DEBORAH WEBER SECRETARY 0.50
Officer Director
$0 $0 $0
LORI WILLIAMSON BOARD MEMBER 0.50
Director
$0 $0 $0
RON BUCCILLI OUTGOING PRESIDENT/CHIEF STRATEGY OFFICER 1.00
Officer
$0 $26,853 $762,204
WILLIAM GREEN PRESIDENT & CEO 1.00
Officer
$0 $50,814 $509,250
MARTA JONES CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $45,726 $311,372
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 $216,900 $373,107 $2,576,740 $-156,207
2022 $208,800 $383,366 $2,976,983 $-174,566
2021 $208,800 $362,383 $3,154,790 $-153,583
2020 $229,343 $362,735 $3,299,187 $-133,392
2019 $228,114 $322,518 $3,432,579 $-94,404
2018 $231,742 $351,015 $3,532,382 $-119,273
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