GREATER HARTFORD LEGAL AID FOUNDATION (EIN 223240216) - 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

1993

Legal Domicile

Principal Officer

PATRICK M FAHEY

Phone

8605415000

Tax Period

2024-01-01 to 2024-12-31

GREATER HARTFORD LEGAL AID FOUNDATION, founded in 1993, is a small nonprofit in the Civil Rights & Advocacy sector that reported $502K in total revenue in fiscal year 2024. The organization ran a surplus of $425K, a strong 85% operating margin.

Mission

SOLICITATION OF FUNDS FOR GREATER HARTFORD LEGAL AID, INC.

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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 $455,848

Program Service Revenue $0

Investment Income $22,350

Other Revenue $23,579

TOTAL REVENUE $501,777

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,000

Other Expenses $1,568

TOTAL EXPENSES $76,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$501,777	$492,348	+0.0%
Expenses	$76,568	$351,498	-0.8%
Net Income	$425,209	$140,850	+2.0%

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

N/A

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

Total Directors

$223,969

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY OSBORNE	PRESIDENT	1.00	Officer Director	$0	$0	$0
GAIL GOTTEHRER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICK M FAHEY	TREASURER	1.00	Officer Director	$0	$0	$0
RICARDO ANZALDUA	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
JAMEY BELL	EX OFFICIO - GHLA ED	1.50	Director	$0	$45,028	$223,969
DAVID JONES	EX OFFICIO - GHLA PRESIDEN	1.00	Director	$0	$0	$0
GEORGE A DAGON JR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN E GOLDMAN	SECRETARY	1.00	Director	$0	$0	$0
KEVIN J GREENE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL M IANNACCONE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN A KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK E KOVITCH	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE KRONHOLM	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE HOBEN	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH K SCULLY	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP M SMALL	DIRECTOR	1.00	Director	$0	$0	$0
KERRY J TOMASEVICH	DIRECTOR	1.00	Director	$0	$0	$0
LISA A ZACCARDELLI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES RUEL	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
2024	$501,777	$76,568	$1,319,565	$425,209
2023	$492,348	$351,498	$894,094	$140,850
2022	$447,936	$200,645	$753,244	$247,291
2021	$361,381	$225,720	$505,953	$135,661
2020	$376,263	$45,918	$370,292	$330,345
2019	$460,264	$433,366	$39,947	$26,898
2018	$391,562	$397,396	$13,049	$-5,834

GREATER HARTFORD LEGAL AID FOUNDATION