CTC FOUNDATION

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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

1998

Legal Domicile

Principal Officer

Edward J Sheehan Jr

Phone

8142692459

Tax Period

2021-07-01 to 2022-06-17

CTC FOUNDATION, founded in 1998, is a small nonprofit that reported $103K in total revenue in fiscal year 2021. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 38% operating deficit.

Mission

The CTC Foundation (the Foundation) was established by Concurrent Technologies Corporation (CTC) with the objective to draw expertise and multi-faceted capabilities to tangibly enhance the lives of people. The Foundation's grant making is in support of CTC's mission.

Program Service Accomplishments

Program 1

Expenses: $126,453 Revenue: $102,581

The Foundation's expenses consist of grants and other expenditures made pursuant to the Foundation's organizational objective. These monetary contributions advance education, the arts, historical...

The Foundation's expenses consist of grants and other expenditures made pursuant to the Foundation's organizational objective. These monetary contributions advance education, the arts, historical preservation, disabled community awareness, and general philanthropy.

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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 (2021)

Revenue Breakdown

Contributions & Grants $102,581

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $102,581

Expense Breakdown

Grants Paid $122,284

Salaries & Benefits $8,340

Fundraising Expenses $1,251

Program Expenses $126,453

Other Expenses $11,334

TOTAL EXPENSES $141,958

Year-over-Year Comparison

	2021	2020	Change
Revenue	$102,581	$149,073	-0.3%
Expenses	$141,958	$156,801	-0.1%
Net Income	$-39,377	$-7,728	+4.1%

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

$823,952

Total Directors

$667,159

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward J Sheehan Jr	Vice-Chair/President	0.20	Officer Director	$0	$25,653	$648,812
Conway B Jones	Chairman	0.20	Officer Director	$0	$0	$18,347
Mike Kane	Director	0.20	Director	$0	$0	$0
Robert A Johnson Esq	Secretary/Director	0.20	Officer Director	$0	$0	$0
Jo A O'Saben	Treasurer	0.20	Officer	$0	$19,328	$156,793

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
2022	$102,581	$141,958	No data	$-39,377
2021	$149,073	$156,801	$8,775	$-7,728
2020	$148,472	$199,238	$4,953	$-50,766
2019	$161,989	$218,583	$12,977	$-56,594