Independent Connecticut Petroleum Association Inc (EIN 237106331) - 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

1950

Legal Domicile

Principal Officer

Christian A Herb

Phone

8606154130

Tax Period

2024-01-01 to 2024-12-31

Independent Connecticut Petroleum Association Inc, founded in 1950, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $236K, a strong 19% operating margin.

Mission

NFP Trade Organization of Fuel, Oil, Propane dealers and gas distributions

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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 $23,965

Program Service Revenue $1,158,171

Investment Income $28,220

Other Revenue $1,570

TOTAL REVENUE $1,211,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,817

Fundraising Expenses $0

Program Expenses $73,037

Other Expenses $577,544

TOTAL EXPENSES $976,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,211,926	$1,025,549	+0.2%
Expenses	$976,361	$921,018	+0.1%
Net Income	$235,565	$104,531	+1.3%

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

$191,269

Total Directors

$191,269

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christian A Herb	President	40.00	Officer Director	$165,753	$25,516	$191,269
Stephen H Sack Jr	Chair	2.00	Officer Director	$0	$0	$0
Michael Matarese	Vice Chair	2.00	Officer Director	$0	$0	$0
Fred Lord	Treasurer / Secretary	4.00	Officer Director	$0	$0	$0
Kate Childs	Immediate Past President	2.00	Officer Director	$0	$0	$0
Peter Aziz	Director	2.00	Director	$0	$0	$0
Rick Bologna	Director	2.00	Director	$0	$0	$0
John Bowman	Director	2.00	Director	$0	$0	$0
David Daniels	Director	2.00	Director	$0	$0	$0
Jamie Densmore	Director	2.00	Director	$0	$0	$0
Catherine Erasmus	Director	2.00	Director	$0	$0	$0
David Foster	Director	2.00	Director	$0	$0	$0
Roy Friedman	Director	2.00	Director	$0	$0	$0
Richard Gada Sr	Director	2.00	Director	$0	$0	$0
Samuel Gault	Director	2.00	Director	$0	$0	$0
Eric Gottier	Director	2.00	Director	$0	$0	$0
Jeff Jennings	Director	2.00	Director	$0	$0	$0
Richard Johnson	Director	2.00	Director	$0	$0	$0
John McCusker	Director	2.00	Director	$0	$0	$0
Matthew Mitchell	Director	2.00	Director	$0	$0	$0
George Perrelli	Director	2.00	Director	$0	$0	$0
Howard Peterson	Director	2.00	Director	$0	$0	$0
Sharon Peterson	Director	2.00	Director	$0	$0	$0
Peter Russell	Director	2.00	Director	$0	$0	$0
Paula Ryan	Director	2.00	Director	$0	$0	$0
Susan Santopietro	Director	2.00	Director	$0	$0	$0
Gary Sippin	Director	2.00	Director	$0	$0	$0
David Sousa	Director	2.00	Director	$0	$0	$0
Greg Stafstrom	Director	2.00	Director	$0	$0	$0
Jennifer Tracey-Carlo	Director	2.00	Director	$0	$0	$0
Frank Troiano	Director	2.00	Director	$0	$0	$0
Stephen Rosentel	Director	2.00	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	$1,211,926	$976,361	$1,684,520	$235,565
2023	$1,025,549	$921,018	$1,487,061	$104,531
2022	$884,447	$936,749	$1,465,781	$-52,302
2021	$1,081,773	$759,023	$1,487,163	$322,750
2020	$698,308	$653,507	$1,149,509	$44,801
2019	$773,280	$716,861	$1,060,411	$56,419
2018	$875,296	$820,340	$1,005,308	$54,956

Independent Connecticut Petroleum Association Inc