SOUTHEASTERN CONNECTICUT ENTERPRISE REGION CORP

EIN: 222973506 501(c)(3)

GROTON, CT

Total Revenue
$3,307,605
Total Expenses
$2,321,724
Total Assets
$9,839,274
Net Assets
$9,214,431
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CT
Principal Officer
KEVIN BROWN
Phone
8604374659
Tax Period
2024-07-01 to 2025-06-30

SOUTHEASTERN CONNECTICUT ENTERPRISE REGION CORP, founded in 1987, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. The organization ran a surplus of $986K, a strong 30% operating margin.

Mission

VISION: SECTER IS THE LEAD REGIONAL ECONOMIC DEVELOPMENT RESOURCE, STIMULATING GROWTH AND PROSPERITY IN SOUTHEASTERN CONNECTICUT MISSION: MAKING SOUTHEASTERN CONNECTICUT STRONGER AND MORE VIBRANT BY 2030 VALUES: SECTER BELIEVES: -IN SUPPORTING AND MAKING OUR CLIENTS AND COMMUNITIES SUCCESSFUL -OUR BOARD AND STAFF ARE REFLECTIVE OF THE CLIENTS WE SERVE -IN VALUING OUR EMPLOYEES AND REWARDING INTEGRITY, TEAMWORK INNOVATION, AND EXCELLENCE -IN COLLABORATING WITH AND BEING RESPONSIVE TO CLIENTS AND PARTNERS -IN BEING ACCOUNTABLE FISCALLY AND PROFESSIONALLY TO ALL STAKEHOLDERS -IN ADVOCATING FOR OUR CLIENTS, OUR SERVICES, AND OUR COMMUNITY -IN DIVERSITY AND INCLUSIVENESS

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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 $2,637,915
Program Service Revenue $108,539
Investment Income $368,017
Other Revenue $193,134
TOTAL REVENUE $3,307,605

Expense Breakdown

Grants Paid $465,210
Salaries & Benefits $1,383,767
Fundraising Expenses $0
Program Expenses $2,056,534
Other Expenses $472,747
TOTAL EXPENSES $2,321,724

Year-over-Year Comparison

2024 2023 Change
Revenue $3,307,605 $3,420,333 0.0%
Expenses $2,321,724 $2,827,788 -0.2%
Net Income $985,881 $592,545 +0.7%
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
30
Independent Members
30
Employees
13
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
6
$0
Total Directors
29
$0
Key Employees
1
$168,621
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN BROWN CHAIR 1.00
Officer Director
$0 $0 $0
JOHN GODIN 1ST VICE CHA 1.00
Officer Director
$0 $0 $0
AMEANDA KENNEDY 2ND VICE CHA 1.00
Officer Director
$0 $0 $0
CATHERINE YOUNG SECRETARY 1.00
Officer Director
$0 $0 $0
SANDRA ALLYN-GAUTHIER TREASURER 1.00
Officer Director
$0 $0 $0
ANGELA ADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
FRED ALLYN III BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD BALESTRACCI BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES BELLANO BOARD MEMBER 1.00
Director
$0 $0 $0
ELSIE BISSET BOARD MEMBER 1.00
Director
$0 $0 $0
MOLLY BRUNO BOARD MEMBER 1.00
Director
$0 $0 $0
LATOYA CLUFF BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY CHEESEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNON CHRISTIAN BOARD MEMBER 1.00
Director
$0 $0 $0
TRACY ESPY BOARD MEMBER 1.00
Director
$0 $0 $0
BRUCE FLAX BOARD MEMBER 1.00
Director
$0 $0 $0
GARY GOESCHEL II BOARD MEMBER 1.00
Director
$0 $0 $0
ROSS GIONFRIDDO BOARD MEMBER 1.00
Director
$0 $0 $0
AYANTI GRANT BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA HANNA BOARD MEMBER 1.00
Director
$0 $0 $0
MARK LIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL NOGELO BOARD MEMBER 1.00
Director
$0 $0 $0
CLAYTON POTTER BOARD MEMBER 1.00
Director
$0 $0 $0
FELIX REYES BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE SAVIN BOARD MEMBER 1.00
Director
$0 $0 $0
ANNEMARIA SEIFERT BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY VINCENT BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SCHILL BOARD MEMBER 1.00
Director
$0 $0 $0
SEAN NUGENT IMMEDIATE PA 1.00
Officer Director
$0 $0 $0
PAUL WHITESCARVER EXECUTIVE DI 40.00
Key Emp
$151,911 $16,710 $168,621
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 $3,307,605 $2,321,724 $9,839,274 $985,881
2024 $3,420,333 $2,827,788 $8,374,310 $592,545
2023 $1,855,907 $2,261,698 $8,711,019 $-405,791
2022 $2,397,817 $1,654,286 $8,675,526 $743,531
2021 $2,659,837 $1,574,256 $7,847,183 $1,085,581
2020 $1,281,194 $1,259,744 $6,925,212 $21,450
2019 $1,140,421 $1,111,072 $6,753,780 $29,349
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