SPECIAL OLYMPICS CONNECTICUT INC (EIN 237099756) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

MICHAEL B MASON

Phone

2032301201

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS CONNECTICUT INC, founded in 1987, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $6.8M left a modest 14% surplus.

Mission

YEAR ROUND SPORTS TRAINING AND COMPETITION STATEWIDE FOR PERSONS WITH INTELLECTUAL DISABILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,457,506

Program Service Revenue $200,010

Investment Income $234,782

Other Revenue $-78,373

TOTAL REVENUE $7,813,925

Expense Breakdown

Grants Paid $823,600

Salaries & Benefits $2,863,646

Fundraising Expenses $1,405,673

Program Expenses $4,563,185

Other Expenses $3,064,798

TOTAL EXPENSES $6,752,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,813,925	$5,296,107	+0.5%
Expenses	$6,752,044	$5,485,945	+0.2%
Net Income	$1,061,881	$-189,838	-6.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

8890

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

$425,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATHEW S NECCI ESQ	BOARD CHAIR, STRATEGIC PLAN TASK FORCE CHAIR, BOAR	2.00	Officer Director	$0	$0	$0
CHARLES MCLAUGHLIN	VICE CHAIR, CO-BOARD MGMT CHAIR, PROGRAM COMM., CO	2.00	Officer Director	$0	$0	$0
KEITH JOHNSON	FINANCE CHAIR, TREASURER, VIF TASK FORCE, BUILDING	2.00	Officer Director	$0	$0	$0
DONALD L BOWNE	DEVELOPMENT COMMITTEE CHAIR, BUILDING TASK FORCE	2.00	Director	$0	$0	$0
EUGINE CARO JR	CO-PROGRAM COMMITTEE CHAIR	2.00	Director	$0	$0	$0
ROBERT S GALVID MD	HEALTH & WELLNESS COMMITTEE CHAIR	2.00	Director	$0	$0	$0
NICHOLAS SEMINARA	BOARD SECRETARY, DEI TASK FORCE, STRTEGIC PLAN TAS	2.00	Officer Director	$0	$0	$0
CLAUDETTE BEAMON	HUMAN RESOURCE CHAIR, DEI COMM., BOARD MGMT COMM.,	2.00	Director	$0	$0	$0
KATHLEEN HAYES	DEI COMMITTEE CHAIR, HUMAN RESOURCE COMM., BUILDIN	2.00	Director	$0	$0	$0
DAVID BREMER	DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
JOHN BRODY	DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
KIT GEIS	DEVELOPMENT COMMITTEE, BUILDING TASK FORCE	2.00	Director	$0	$0	$0
BRETT GLASER	DEI COMMITTEE, CIAC UNIFIED SCHOOLS BOARD OF CONTR	2.00	Director	$0	$0	$0
JASON GUYOT	DEVELOPMENT COMMITTEE, BUILDING TASK FORCE	2.00	Director	$0	$0	$0
KRISTI KAHN	AUDIT/FINANCE COMMITTEE	2.00	Director	$0	$0	$0
LISA KOVLAKAS	DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
KIMBERLY MALAN	PROGRAM COMMITTEE	2.00	Director	$0	$0	$0
TAHJ MCCALL	PROGRAM COMMITTEE	2.00	Director	$0	$0	$0
CHIEF PAUL MELANSON	DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
AMY OLDENBURG	DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
JOSH PANDOLFI	DEVELOPMENT COMMITTEE	2.00	Director	$0	$0	$0
MICHAEL PENDELL	PROGRAM COMMITTEE	2.00	Director	$0	$0	$0
SEAN RABINOWITZ	DEVELOPMENT COMM., BUILDING TASK FORCE, CIAC UNIFI	2.00	Director	$0	$0	$0
MICHELLE REPASS	PROGRAM COMMITTEE	2.00	Director	$0	$0	$0
COLETT RUBIO	BOARD MGMT COMM., VIF TASK FORCE, DEI COMMITTEE	2.00	Director	$0	$0	$0
PETER SCOTELLA	BOARD MGMT COMM., DEI COMMITTEE, COMMITTEE TASK FO	2.00	Director	$0	$0	$0
RONALD SMITH	AUDIT/FINANCE COMMITTEE	2.00	Director	$0	$0	$0
JENNIFER STREET	PROGRAM COMMITTEE	2.00	Director	$0	$0	$0
TIZZIANA WEBER	PROGRAM COMMITTEE	2.00	Director	$0	$0	$0
MICHAEL B MASON	PRESIDENT & CEO	40.00	Officer	$215,098	$30,656	$245,754
AMBER TENCIC	CFO & CHIEF DIVERSITY OFFICER	40.00	Officer	$150,072	$29,324	$179,396
CHRISTY MILLER	SENIOR DIRECTOR, DONAR IMPACT	40.00	Highest	$121,463	$12,594	$134,057

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	$7,813,925	$6,752,044	$15,742,590	$1,061,881
2023	$5,296,107	$5,485,945	$11,805,113	$-189,838
2022	$5,384,310	$5,280,107	$11,412,303	$104,203
2021	$6,428,679	$3,571,159	$12,177,475	$2,857,520
2020	$4,665,015	$4,138,387	$10,434,437	$526,628
2019	$5,793,393	$5,589,880	$9,445,972	$203,513
2018	$4,919,158	$4,951,024	$8,662,282	$-31,866

SPECIAL OLYMPICS CONNECTICUT INC