CONNECTICUT ASSOCIATION OF REALTORS FOUNDATION INC

EIN: 264102992 501(c)(3) Education

EAST HARTFORD, CT

Total Revenue
$310,981
Total Expenses
$356,378
Total Assets
$258,941
Net Assets
$249,544
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CT
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 MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES AND TO FUND SCHOLARSHIPS FOR PERSONS ATTENDING, OR PLANNING TO ATTEND, AN INSTITUTION OF HIGHER EDUCATION AND TO PROVIDE AWARDS FOR ACADEMIC PERFORMANCE. TO BE GOOD NEIGHBORS TO OUR MEMBERS, OUR COMMUNITIES, AND THE WORLD

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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 (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

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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
9
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$1,500
Total Directors
10
$363,212
Key Employees
0
$0
Highest Compensated
0
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
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