BUSINESSINDUSTRY FOUNDATION OF MIDDLESEX COUNTY INC

EIN: 222793181 501(c)(3) Employment

MIDDLETOWN, CT

Total Revenue
$718,595
Total Expenses
$720,425
Total Assets
$1,077,559
Net Assets
$626,943
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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
1986
Legal Domicile
CT
Principal Officer
JOHANNA BOND
Phone
8603476924
Tax Period
2024-07-01 to 2025-06-30

BUSINESSINDUSTRY FOUNDATION OF MIDDLESEX COUNTY INC, founded in 1986, is a small nonprofit in the Employment sector that reported $719K in total revenue in fiscal year 2024.

Mission

CONDUCTING PROGRAMS TO BENEFIT THE BUSINESS COMMUNITY IN MIDDLESEX COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $700,899
Program Service Revenue $0
Investment Income $17,696
Other Revenue $0
TOTAL REVENUE $718,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,938
Fundraising Expenses $0
Program Expenses $707,387
Other Expenses $592,487
TOTAL EXPENSES $720,425

Year-over-Year Comparison

2024 2023 Change
Revenue $718,595 $669,505 +0.1%
Expenses $720,425 $656,490 +0.1%
Net Income $-1,830 $13,015 -1.1%
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

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Governance

Voting Members
17
Independent Members
17
Employees
83
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
7
$234,396
Total Directors
17
$316,773
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARLENE BRIGGS PRESIDENT 1.00
Officer Director
$0 $0 $0
JAY POLKE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
THERESA OPALACZ CHAIRWOMAN 1.00
Officer Director
$0 $0 $0
ANTHONY SALVATORE VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOHANNA BOND SECRETARY 9.00
Officer Director
$0 $20,195 $234,396
KELLY SMITH ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
RICK MORIN TREASURER 1.00
Officer Director
$0 $0 $0
LYNN BALDONI DIRECTOR 1.00
Director
$0 $0 $0
HARRY BURR DIRECTOR 1.00
Director
$0 $0 $0
STEVE CISKOWSKI CONTROLLER 9.00
Director
$0 $3,367 $82,377
AMANDA CALVE DIRECTOR 1.00
Director
$0 $0 $0
DIANE ARNOLD DIRECTOR 1.00
Director
$0 $0 $0
LAKISHA HYATT DIRECTOR 1.00
Director
$0 $0 $0
FAITH JACKSON DIRECTOR 1.00
Director
$0 $0 $0
MARYELLEN SHUCKEROW DIRECTOR 1.00
Director
$0 $0 $0
GARY WALLACE DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN VAUGHAN DIRECTOR 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
2025 $718,595 $720,425 $1,077,559 $-1,830
2024 $669,505 $656,490 $1,029,475 $13,015
2023 $782,497 $701,529 $908,895 $80,968
2022 $795,908 $757,018 $945,515 $38,890
2021 $781,486 $782,520 $753,972 $-1,034
2020 $699,970 $736,070 $748,191 $-36,100
2019 $677,736 $643,434 $769,523 $34,302
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