GEOLOGICAL SOCIETY OF CT INC

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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

2009

Legal Domicile

Principal Officer

NICHOLAS HASTINGS

Phone

8606853139

Tax Period

2023-07-01 to 2024-06-30

GEOLOGICAL SOCIETY OF CT INC, founded in 2009, is a micro nonprofit in the Science & Technology sector that reported $16K in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 48% operating margin.

Mission

1. THE ADVANCEMENT OF THE SCIENCE AND PROFESSION OF GEOLOGY AND ITS RELATED BRANCHES BY ENCOURAGING EDUCATION, RESEARCH AND SERVICE THROUGH THE HOLDING OF MEETINGS, MAINTAINING COMMUNICATIONS, AND PROVIDING A COMMON UNION OF ITS MEMBERS; 2. CONTRIBUTION TO THE PUBLIC EDUCATION OF THE GEOLOGY OF CONNECTICUT AND TO PROMOTE THE PROPER USE AND PROTECTION OF ITS NATURAL RESOURCES; 3. THE ADVANCEMENT OF PROFESSIONAL CONDUCT BY THOSE ENGAGED IN THE COLLECTION, INTERPRETATION AND USE OF GEOLOGIC DATA.

Program Service Accomplishments

Program 1

Expenses: $3,400 Revenue: $5,344

EDUCATIONAL PROGRAMS, FIELD TRIPS AND OTHER EVENTS COVERING DEVELOPMENTS IN CONNECTICUT GEOLOGY AND GEOLOGICAL RESEARCH. MOST PROGRAMS ARE OPEN BOTH TO MEMBERS AND TO THE GENERAL PUBLIC.

Program 2

Expenses: $3,773

WEBSITE WITH NEWSLETTER AND PUBLICATION OF A GUIDEBOOK COVERING SIGNIFICANT CONNECTICUT GEOLOGICAL SITES.

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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 $10,864

Program Service Revenue $5,344

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,173

Other Expenses $8,397

TOTAL EXPENSES $8,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,208	$7,878	+1.1%
Expenses	$8,397	$5,905	+0.4%
Net Income	$7,811	$1,973	+3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS HASTINGS	PRESIDENT	N/A	Officer Director	$0	$0	$0
PHILLIP RESOR	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
CHRISTOPHER GEISS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MELISSA MOSTOWY	SECRETARY	N/A	Officer Director	$0	$0	$0
SHAWN POFF	TREASURER	N/A	Officer Director	$0	$0	$0
JEAN CRESPI	DIRECTOR	N/A	Director	$0	$0	$0
RALPH LEWIS	DIRECTOR	N/A	Director	$0	$0	$0
JANET STONE	DIRECTOR	N/A	Director	$0	$0	$0
MEGHAN SEREMET	DIRECTOR	N/A	Director	$0	$0	$0
PETER DRZEWIECKI	DIRECTOR	N/A	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	$16,208	$8,397	$14,097	$7,811
2023	$7,878	$5,905	$6,286	$1,973
2022	$4,733	$5,597	$4,313	$-864
2021	$2,550	$1,324	$4,355	$1,226
2020	$6,120	$7,393	$3,129	$-1,273
2019	$5,366	$8,830	$4,402	$-3,464