ADVANCING CONNECTICUT TOGETHER INC (EIN 223014883) - 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

JOHN P MERZ

Phone

8602472437

Tax Period

2023-01-01 to 2023-12-31

ADVANCING CONNECTICUT TOGETHER INC, founded in 1985, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $13.5M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $13.0M left a modest 4% surplus.

Mission

TO ADDRESS THE ROOT CAUSES OF POVERTY, ADDICTION AND HEALTH INEQUITIES THROUGH STRENGTH-BASED SERVICES AND ADVOCACY TO ENSURE ALL PEOPLE IN CONNECTICUT HAVE EQUITABLE RESOURCES NECESSARY TO ACHIEVE MULTI-GENERATIONAL HEALTH, WEALTH AND HAPPINESS.

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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 $13,306,158

Program Service Revenue $0

Investment Income $1,896

Other Revenue $207,606

TOTAL REVENUE $13,515,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,845,513

Fundraising Expenses $61,180

Program Expenses $12,144,266

Other Expenses $10,179,357

TOTAL EXPENSES $13,024,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,515,660	$10,033,477	+0.3%
Expenses	$13,024,870	$9,964,515	+0.3%
Net Income	$490,790	$68,962	+6.1%

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

$161,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLYANN DAY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CANNON	TREASURER	1.00	Officer Director	$0	$0	$0
CATHERINE BUTLER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA MAIGNAN	DIRECTOR	1.00	Director	$0	$0	$0
LORRIE WESOLY	DIRECTOR	1.00	Director	$0	$0	$0
LILLIAN ASSIGNON	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE COOKE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
EMILY WOOD	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN HERNANDEZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA MCKENNA	DIRECTOR	1.00	Director	$0	$0	$0
TERENCE FLOYD	DIRECTOR	1.00	Director	$0	$0	$0
Y'ISIAH LOPES	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MEANS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN P MERZ	CEO	40.00	Officer	$145,611	$15,636	$161,247

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	No data	No data	No data	No data
2023	$13,515,660	$13,024,870	$6,458,848	$490,790
2022	$10,033,477	$9,964,515	$5,699,852	$68,962
2021	$11,859,189	$11,518,203	$3,122,975	$340,986
2020	$8,604,892	$8,441,335	$2,473,011	$163,557
2019	$6,524,451	$6,432,267	$2,346,423	$92,184
2018	$5,316,188	$5,212,271	$2,206,528	$103,917

ADVANCING CONNECTICUT TOGETHER INC