THE CONNECTICUT INSTITUTE FOR THE … - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

BARRY M SIMON

Phone

8602422274

Tax Period

2024-07-01 to 2025-06-30

THE CONNECTICUT INSTITUTE FOR THE BLIND INC, founded in 1980, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 9% surplus.

Mission

OAK HILL'S VISION IS THAT PEOPLE WITH DISABILITIES WILL BE ABLE TO ACHIEVE THEIR FULL POTENTIAL, ENGAGE IN THEIR COMMUNITY AND IN MEANINGFUL RELATIONSHIPS, AND SATISFY AND FULFILL THEIR PHYSICAL, INTELLECTUAL, EMOTIONAL, SOCIAL AND SPIRITUAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $24,196 Revenue: $21,354

OAK HILL INDUSTRIES, INC.: PROVIDES WORK ACTIVITY PROGRAMS TO INCREASE THE INDEPENDENCE AND SELF-SUFFICIENCY OF PEOPLE WITH DEVELOPMENTAL DISABILITIES.

Program 2

Expenses: $1,794,450 Revenue: $1,143,875

ALL OTHER PROGRAMS: OPERATES 22 GROUP HOMES (HUD SECTION 811 & 202) FOR PERSONS WITH DISABILITIES WHICH HAVE A TOTAL OF 133 SINGLE BEDROOM UNITS FOR OCCUPANCY WITH LEASE TERMS OF ONE YEAR.

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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 $790,308

Program Service Revenue $1,165,229

Investment Income $36,654

Other Revenue $0

TOTAL REVENUE $1,992,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,071

Fundraising Expenses $0

Program Expenses $1,818,646

Other Expenses $1,722,091

TOTAL EXPENSES $1,819,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,992,191	$1,906,172	+0.0%
Expenses	$1,819,162	$1,720,832	+0.1%
Net Income	$173,029	$185,340	-0.1%

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

$871,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY M SIMON	PRESIDENT &	1.00	Officer	$0	$73,517	$388,947
CHRISTINE D LEIBY	TREASURER &	1.00	Officer	$0	$47,125	$265,273
GAYLE WINTJEN	SECRETARY &	1.00	Officer	$0	$54,365	$217,642
MICHAEL HANNAH	CHAIR	0.50	Officer Director	$0	$0	$0
SALVATORE CARRABBA	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SPENCER CAIN	IMMEDIATE PA	0.50	Director	$0	$0	$0
GARY WALLACE	DIRECTOR	0.50	Director	$0	$0	$0
WILEY MULLINS	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT EARLEY	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW ZEWINSKI	DIRECTOR	0.50	Director	$0	$0	$0
DAVE PORTEUS	DIRECTOR	0.50	Director	$0	$0	$0
GREGORY THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
KAREN NEAG	DIRECTOR	0.50	Director	$0	$0	$0
JAMES MANAFORT	DIRECTOR	0.50	Director	$0	$0	$0
BETH CHUDNOW	DIRECTOR	0.50	Director	$0	$0	$0
HILLARY GLASS	DIRECTOR	0.50	Director	$0	$0	$0
HANNAH LEMEK	DIRECTOR	0.50	Director	$0	$0	$0
LORNA SEDOR	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE GASKELL	DIRECTOR	0.50	Director	$0	$0	$0
PHIL HARRIAU	DIRECTOR	0.50	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	$1,992,191	$1,819,162	$4,179,241	$173,029
2024	No data	No data	No data	No data
2023	$1,776,695	$1,629,388	$4,249,842	$147,307
2022	$1,621,877	$1,538,846	$4,390,999	$83,031
2021	$1,778,853	$1,461,928	$4,605,610	$316,925
2020	$1,535,139	$1,489,839	$4,606,713	$45,300
2019	$1,591,763	$1,540,559	$4,823,548	$51,204
2018	$1,329,272	$1,494,305	$5,026,709	$-165,033

THE CONNECTICUT INSTITUTE FOR THE BLIND INC