CONNECTICUT ASSOCIATION OF REALTOR… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

MICHAEL BARBARO

Phone

8602906601

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT ASSOCIATION OF REALTORS FOUNDATION INC, founded in 2008, is a small nonprofit in the Education sector that reported $311K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $356K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO BE GOOD NEIGHBORS TO OUR MEMBERS, OUR COMMUNITIES, AND THE WORLD

Program Service Accomplishments

Program 1

Expenses: $273,826 Revenue: $0

ASSISTANCE AWARDS: SOLICITED AND DISTRIBUTED FUNDS TO ORGANIZATIONS THAT ASSIST MEMBERS OF THE COMMUNITY (COALITION TO END HOMELESSNESS, ANIMAL SHELTERS, REALTORS RELIEF FUND)

Program 2

Expenses: $58,000 Revenue: $0

GATES SCHOLARSHIP FUND: SCHOLARSHIP FUND ESTABLISHED TO AWARD FINANCIAL ASSISTANCE TO CHILDREN OF CONNECTICUT REALTORS - PROCEDURES ATTACHED.

Program 3

Expenses: $19,709

OPIOID GRANTS/DONATIONS: FOUNDATION PURCHASED MATTRESSES TO DONATE TO OPIOID REHAB, RECOVERY AND TREATMENT CENTERS INDICATING NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $293,768

Program Service Revenue $0

Investment Income $17,213

Other Revenue $0

TOTAL REVENUE $310,981

Expense Breakdown

Grants Paid $351,535

Salaries & Benefits $0

Fundraising Expenses $3,797

Program Expenses $351,535

Other Expenses $4,843

TOTAL EXPENSES $356,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,981	$216,457	+0.4%
Expenses	$356,378	$166,419	+1.1%
Net Income	$-45,397	$50,038	-1.9%

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

N/A

Volunteers

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

$1,500

Total Directors

$363,212

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARO MICHAEL	CHAIR	5.00	Officer Director	$0	$0	$750
BREEN JOANNE	TREASURER	5.00	Officer Director	$0	$0	$750
BUTTS CYNTHIA	EX-OFFICIO MEMBER	5.00	Director	$0	$26,686	$353,293
KEUNE DAN	SECRETARY	5.00	Officer Director	$0	$0	$0
SARTIRANA DAVID	TRUSTEE	2.00	Director	$0	$0	$0
ST PETER LINDA	TRUSTEE	2.00	Director	$0	$0	$0
BLACKWOOD DOUGLAS	TRUSTEE	2.00	Director	$0	$0	$0
FELENSTEIN TAMMY TAIVF LLC	TRUSTEE	2.00	Director	$0	$0	$8,419
GRASSO MARY BETH	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTIANSEN CAROL	TRUSTEE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$310,981	$356,378	$258,941	$-45,397
2022	$216,457	$166,419	$294,941	$50,038
2021	$147,591	$175,255	$244,903	$-27,664
2020	$753,117	$753,825	$272,567	$-708

CONNECTICUT ASSOCIATION OF REALTORS FOUNDATION INC