CCARC FOUNDATION INC

EIN: 260149896 501(c)(3) Philanthropy & Grantmaking

NEW BRITAIN, CT

Total Revenue
$90,568
Total Expenses
$42,740
Total Assets
$3,539,690
Net Assets
$3,289,375
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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
2006
Legal Domicile
CT
Principal Officer
LINDA IOVANNA
Phone
8602296665
Tax Period
2024-07-01 to 2025-06-30

CCARC FOUNDATION INC, founded in 2006, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $91K in total revenue in fiscal year 2024. Revenue surged 357% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 53% operating margin.

Mission

OUR MISSION IS TO SUPPORT THE PROGRAMS AND GOALS OF CCARC, INC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $428
Program Service Revenue $0
Investment Income $90,140
Other Revenue $0
TOTAL REVENUE $90,568

Expense Breakdown

Grants Paid $3,770
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,770
Other Expenses $38,970
TOTAL EXPENSES $42,740

Year-over-Year Comparison

2024 2023 Change
Revenue $90,568 $19,808 +3.6%
Expenses $42,740 $424,024 -0.9%
Net Income $47,828 $-404,216 -1.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
7
$383,821
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREAS KAPETANOPOULOS DIRECTOR 1.00
Director
$0 $0 $0
BRIAN CUTLER DIRECTOR 1.00
Director
$0 $0 $0
CATHY VACCHELLI DIRECTOR 1.00
Director
$0 $0 $0
CHARLES BOOS OUTGOING DIRECTOR 1.00
Director
$0 $0 $0
DONNA RUTOLA OUTGOING DIRECTOR 1.00
Director
$0 $0 $0
GREGORY STAFSTROM DIRECTOR 1.00
Director
$0 $0 $0
JACK ISSAC PRESIDENT 1.00
Officer Director
$0 $0 $0
LINDSLEY WELLMAN DIRECTOR 1.00
Director
$0 $0 $0
LYNN RICCI DIRECTOR 1.00
Director
$0 $0 $0
MARY JEAN AGOSTINI SECRETARY 1.00
Officer Director
$0 $0 $0
MELISSA GAGNE IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL CARRIER TREASURER 1.00
Officer Director
$0 $0 $0
PAUL DOMINOV DIRECTOR 1.00
Director
$0 $0 $0
PAUL SALINA DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BOOS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LINDA IOVANNA CEO 2.00
Officer
$0 $32,826 $255,145
ZAIDA SOTO BAHAMONDE SENIOR VICE PRESIDENT FINANCE 4.00
Officer
$0 $15,355 $128,676
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 $90,568 $42,740 $3,539,690 $47,828
2024 No data No data No data No data
2023 $43,262 $27,260 $3,154,612 $16,002
2022 $127,901 $26,449 $2,930,704 $101,452
2021 $136,899 $69,751 $1,775,313 $67,148
2020 $140,711 $53,604 $1,486,210 $87,107
2019 $126,521 $56,439 $1,469,400 $70,082
2018 $53,926 $16,386 $1,367,525 $37,540
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