HARTFORD CONSORTIUM FOR HIGHER EDUCATION (EIN 237288868) - 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

1972

Legal Domicile

Principal Officer

MARK OVERMYER-VELAZQUEZ

Phone

8607023801

Tax Period

2022-07-01 to 2023-06-30

HARTFORD CONSORTIUM FOR HIGHER EDUCATION, founded in 1972, is a small nonprofit that reported $326K in total revenue in fiscal year 2022. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $768K exceeded revenue, resulting in a 136% operating deficit.

Mission

THROUGH COLLABORATIVE ENDEAVORS AMONG HIGHER EDUCATION INSTITUTIONS, THE HARTFORD CONSORTIUM FOR HIGHER EDUCATION PROMOTES OPTIMAL SHARING OF COLLEGIAL RESOURCES, INFORMATION, EXPERTISE AND IDEAS; SERVES AS A CATALYST FOR INNOVATIVE EDUCATIONAL INITIATIVES THAT RESPOND TO A CHANGING EDUCATION ENVIRONMENT; ENCOURAGES EDUCATIONAL EXCELLENCE ACROSS THE LIFESPAN; AND ASSERTS THE ROLE OF HIGHER EDUCATION IN THE ECONOMIC, CULTURAL AND SOCIAL LIFE OF HARTFORD AND THE REGION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $322,528

Program Service Revenue $0

Investment Income $35

Other Revenue $3,060

TOTAL REVENUE $325,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,745

Fundraising Expenses $0

Program Expenses $378,114

Other Expenses $381,689

TOTAL EXPENSES $768,434

Year-over-Year Comparison

	2022	2021	Change
Revenue	$325,623	$891,717	-0.6%
Expenses	$768,434	$491,848	+0.6%
Net Income	$-442,811	$399,869	-2.1%

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

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

$42,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZULMA TORO	CHAIR	1.00	Officer Director	$0	$0	$0
JOEL LOHR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK OVERMYER-VELAZQUEZ	INCOMING CO-CHAIR / DIRECTOR	1.00	Officer Director	$0	$0	$0
JOANNE BERGER-SWEENEY	INCOMING CO-CHAIR / DIRECTOR	1.00	Officer Director	$0	$0	$0
RHONA FREE	DIRECTOR	1.00	Director	$0	$0	$0
DUNCAN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MARK SCHEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
GREG WOODWARD	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE ESPOSITO	DIRECTOR	1.00	Director	$0	$0	$0
GREGG HADDAD	COORDINATOR OF OPERATIONS	40.00	Officer	$42,308	$0	$42,308

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
2023	$325,623	$768,434	$261,199	$-442,811
2022	$891,717	$491,848	$725,521	$399,869
2021	$306,885	$432,494	$301,127	$-125,609
2020	$394,971	$595,645	$456,398	$-200,674
2019	$710,278	$647,279	$610,642	$62,999

HARTFORD CONSORTIUM FOR HIGHER EDUCATION