Connecticut Chiropractic Physicians Association Incorporated (EIN 237033112) - 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

Dr Nick Karapasas

Phone

8602570404

Tax Period

2024-10-01 to 2025-09-30

Connecticut Chiropractic Physicians Association Incorporated, founded in 1993, is a small nonprofit in the Diseases & Disorders sector that reported $198K in total revenue in fiscal year 2024. Expenses of $192K left a modest 3% surplus.

Mission

To advance patient centered Chiropractic, promote the highest standards of ethics and patient care for the profession and serve the needs of the membership, thereby contributing to the health and welfare of CT residents.

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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 $139,244

Program Service Revenue $59,206

Investment Income $21

Other Revenue $0

TOTAL REVENUE $198,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $192,083

TOTAL EXPENSES $192,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,471	$196,104	+0.0%
Expenses	$192,083	$203,433	-0.1%
Net Income	$6,388	$-7,329	-1.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Lachowski DC	Director At Large	001.00	Director	$0	$0	$0
Cheryl Fitch Vincent DC	Director	000.25	Director	$0	$0	$0
Armand Gagliardi DC	Director	000.25	Director	$0	$0	$0
Jonathan Charlestin DC	Director	000.25	Director	$0	$0	$0
Richard Beck DC	Director	000.25	Director	$0	$0	$0
Mathew DiMond DC	Past President	000.25	Officer	$0	$0	$0
Nick Karapasas DC	President	006.00	Officer	$0	$0	$0
Robert McKnight DC	1st Vice President	000.50	Officer	$0	$0	$0
Matthew Thompson DC	2nd Vice President	000.25	Officer	$0	$0	$0
James Lehman DC	Treasurer	001.00	Officer	$0	$0	$0
Matthew Pagano DC	Compliance Officer	002.00	Officer	$0	$0	$0
Robert Cote DC	Secretary	000.25	Officer	$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	$198,471	$192,083	$97,584	$6,388
2024	$196,104	$203,433	$84,365	$-7,329
2023	$188,458	$199,092	$94,594	$-10,634
2022	$186,365	$178,118	$95,067	$8,247
2021	$176,259	$190,036	$88,077	$-13,777
2020	$188,123	$181,892	$119,688	$6,231
2019	$284,838	$174,281	$109,184	$110,557

Connecticut Chiropractic Physicians Association Incorporated