Community Health Center Assoc of Connecticut Inc (EIN 223036666) - 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

1989

Legal Domicile

Phone

8606677820

Tax Period

2024-07-01 to 2025-06-30

Community Health Center Assoc of Connecticut Inc, founded in 1989, is a community nonprofit in the Health Care sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 3% surplus.

Mission

TO PROMOTE QUALITY HEALTH CARE AND SOCIAL SERVICES TO CONNECTICUT'S UNDERSERVED POPULATION AND TO PROVIDE TECHNICAL AND EDUCATIONAL ASSISTANCE TO COMMUNITY HEALTH CENTERS IN CONNECTICUT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,210,858

Program Service Revenue $843,222

Investment Income $48,769

Other Revenue $0

TOTAL REVENUE $5,102,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,695,025

Fundraising Expenses $0

Program Expenses $3,560,137

Other Expenses $3,230,862

TOTAL EXPENSES $4,925,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,102,849	$3,951,893	+0.3%
Expenses	$4,925,887	$3,977,803	+0.2%
Net Income	$176,962	$-25,910	-7.8%

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

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

$403,322

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS TORRES JD	Vice Chair	1.0	Officer Director	$0	$0	$0
JENNIFER GRANGER	TREASURER	1.0	Officer Director	$0	$0	$0
JOANNE BORDAUS	Chair	1.0	Officer Director	$0	$0	$0
KATIE CURRAN JD	Officer at Large	1.0	Officer Director	$0	$0	$0
SABRINA TROCCHI PHD MPA	Secretary	1.0	Officer Director	$0	$0	$0
DONALD THOMPSON	DIRECTOR	1.0	Director	$0	$0	$0
GREGORY STANTON	DIRECTOR	1.0	Director	$0	$0	$0
JEFFREY STEELE	DIRECTOR	1.0	Director	$0	$0	$0
KAREN DALEY	DIRECTOR	1.0	Director	$0	$0	$0
KENNETH WALLER FACHE	DIRECTOR	1.0	Director	$0	$0	$0
KIMBERLY L BEAUREGARD	DIRECTOR	1.0	Director	$0	$0	$0
MELISSA MEYERS	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL TAYLOR	DIRECTOR	1.0	Director	$0	$0	$0
MOLLIE MELBOURNE	Director	1.0	Director	$0	$0	$0
RICK MARKELLO	Director	1.0	Director	$0	$0	$0
SUZANNE LAGARDE MD	Director	1.0	Director	$0	$0	$0
DEBRA POLUN	Chief Strategy Officer	37.5	Officer	$147,508	$9,155	$156,663
SHAWN FRICK	Chief Executive Officer	37.5	Officer	$230,611	$16,048	$246,659

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	$5,102,849	$4,925,887	$2,620,387	$176,962
2024	$3,951,893	$3,977,803	$2,652,923	$-25,910
2023	$4,272,475	$4,334,663	$2,804,551	$-62,188
2022	$5,120,128	$4,804,603	$2,918,321	$315,525
2021	$7,064,326	$6,807,361	$2,737,067	$256,965
2020	$8,004,169	$8,046,609	$3,103,096	$-42,440
2019	$7,791,148	$7,586,734	$3,067,482	$204,414
2018	$8,024,251	$7,836,509	$2,601,322	$187,742

Community Health Center Assoc of Connecticut Inc