PLAINVILLE, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE PETIT FAMILY FOUNDATION INC, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $976K in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. Net assets of $5.2M represent 64 months of operating reserves.
THE PETIT FAMILY FOUNDATION HONORS THE MEMORIES OF JENNIFER HAWKE-PETIT, HAYLEY ELIZABETH PETIT, AND MICHAELA ROSE PETIT BY CONTINUING THE KINDNESS, IDEALISM AND ACTIVISM THAT DEFINED THEIR LIVES. THE FOUNDATION'S FUNDS ARE GIVEN TO FOSTER THE EDUCATION OF YOUNG PEOPLE, ESPECIALLY WOMEN IN THE SCIENCES; TO IMPROVE THE LIVES OF THOSE AFFECTED BY CHRONIC ILLNESS; AND TO SUPPORT EFFORTS TO PROTECT AND HELP THOSE AFFECTED BY VIOLENCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $976,441 | $507,442 | +0.9% |
| Expenses | $975,579 | $972,739 | +0.0% |
| Net Income | $862 | $-465,297 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILLIAM A PETIT JR | PRESIDENT | 40.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHANNA PETIT CHAPMAN | VICE PRESIDE | 7.00 |
Officer
Director
|
$0 | $0 | $0 |
| RONALD A BUCCHI | TREASURER | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| BERNARD J LIDESTRI | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH O IERNA | EMERITUS | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD A BUCCHI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL R CHAMBRELLO | DEVELOPMENT | 5.00 |
Director
|
$0 | $0 | $0 |
| JOHN F ST PIERRE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AM PORTIA CORBETT | EMERITUS | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK A THOMPSON | EMERITUS | 1.00 |
Director
|
$0 | $0 | $0 |
| M BURCH TRACY FORD | EMERITUS | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES J RITCHIE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAYME V IERNA | GRANT CHAIR | 5.00 |
Director
|
$0 | $0 | $0 |
| GARRETT GETLIN SNIDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GLENN F PETIT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM A PETIT SR | EMERITUS | 1.00 |
Director
|
$0 | $0 | $0 |
| MAGDALENA G JOHNDROW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TARA A BUCCHI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATE TERRICCIANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| R JAMES WASZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANFORD CLOUD JR ESQ | EMERITUS | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $976,441 | $975,579 | $5,225,585 | $862 |
| 2023 | $507,442 | $972,739 | $4,873,160 | $-465,297 |
| 2022 | $944,431 | $940,011 | $4,809,725 | $4,420 |
| 2021 | $1,546,285 | $715,732 | $5,961,624 | $830,553 |
| 2020 | $390,061 | $568,115 | $4,046,487 | $-178,054 |
| 2019 | $512,592 | $570,246 | $4,464,461 | $-57,654 |
| 2018 | $567,943 | $538,878 | $4,462,596 | $29,065 |
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