CRITERION INSTITUTE

EIN: 273458737 501(c)(3)

HADDAM, CT

Total Revenue
$2,239,651
Total Expenses
$1,831,523
Total Assets
$714,359
Net Assets
$424,694
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CT
Principal Officer
JOY ANDERSON
Phone
8603453520
Tax Period
2022-01-01 to 2022-12-31

CRITERION INSTITUTE, founded in 2010, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $408K, a strong 18% operating margin.

Mission

BROADEN WHAT MATTERS IN OUR ECONOMIC DECISIONS BY EXPANDING WHO HAS POWER AND INFLUENCE IN THE WORK OF REINVENTING THE ECONOMY THROUGH RESEARCH, TRAINING, AND INSTITUTIONAL ENGAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $839,137 Revenue: $474,114

CRITERION SEEKS PARTNERSHIPS WITH INSTITUTIONS WHERE THERE IS ALIGNMENT OF GOALS, WHERE LEARNINGS IS MUTUAL, AND WHERE EACH ORGANIZATION ADVANCES ITS MISSION. THIS WAY OF RELATING DISRUPTS...

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CRITERION SEEKS PARTNERSHIPS WITH INSTITUTIONS WHERE THERE IS ALIGNMENT OF GOALS, WHERE LEARNINGS IS MUTUAL, AND WHERE EACH ORGANIZATION ADVANCES ITS MISSION. THIS WAY OF RELATING DISRUPTS TRADITIONAL POWER DYNAMICS AND PATTERNS OF CONTROL EVEN IN ENGAGEMENT WITH ORGANIZATIONS MUCH LARGER THAN CRITERION, WE OWN AND EXERCISE OUR OWN POWER IN TURN WE SEEK TO EMBOLDEN LARGE INSTITUTIONS TO USE THEIR POWER TO ENGAGE SYSTEMS OF FINANCE IN ORDER TO CREATE SOCIAL CHANGE.

Program 2
Expenses: $306,351 Revenue: $73,375

OUR TRAINING EVENTS ARE INVITING, PARTICIPATORY, PRACTICAL AND ENGAGING. WE TEND TO TEACH NOT FROM A CASE STUDY WHICH SHOWS WHAT HAS BEEN DONE, BUT BY EXPLICATING THE COMPONENTS OF THE SYSTEMS SO...

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OUR TRAINING EVENTS ARE INVITING, PARTICIPATORY, PRACTICAL AND ENGAGING. WE TEND TO TEACH NOT FROM A CASE STUDY WHICH SHOWS WHAT HAS BEEN DONE, BUT BY EXPLICATING THE COMPONENTS OF THE SYSTEMS SO THAT PARTICIPANTS CAN BUILD SOMETHING NEW. LEARNING PROCESSES ARE INTENTIONALLY DESIGNED TO ASSIST THOSE WITH LIMITED BACKGROUND IN THE SUBJECT TO FEEL COMFORTABLE, PARTICIPATE FULLY, AND TO CONTRIBUTE THEIR WISDOM AND PERSPECTIVES. INCREASINGLY, THE TOOLS OF OUR TRAINING PROGRAMS ARE BEING ADAPTED TO BE MORE ACCESSIBLE TO THOSE WHO ARE MOST MARGINALIZED FROM ESTABLISHED FINANCIAL CIRCLES THAT COULD INCLUDE ADAPTATIONS IN LANGUAGE, READING LEVEL, OR CULTURAL STYLE.

Program 3
Expenses: $186,475 Revenue: $16,933

CRITERION RESEARCH THRIVES IN A CULTURE OF CURIOSITY AND INNOVATION. OUR APPROACH TO RESEARCH EXPANDS POSSIBILITIES BEYOND WHAT THE ESTABLSHED AUTHORITIES HAVE DETERMINED. IT BEGINS WITH LISTENING TO...

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CRITERION RESEARCH THRIVES IN A CULTURE OF CURIOSITY AND INNOVATION. OUR APPROACH TO RESEARCH EXPANDS POSSIBILITIES BEYOND WHAT THE ESTABLSHED AUTHORITIES HAVE DETERMINED. IT BEGINS WITH LISTENING TO WHAT IS GOING ON OUT IN THE WORLD, CONNECTING DIVERSE PEOPLE AND IDEAS, AND ENGAGING IN CONVERSATIONS ON THE EDGE TO DISCOVER SOMETHING NEW. IT CROSSES TRADITIONAL DISCIPLINES, IT PRIVILEDGES THE VOICES OF OUTSIDERS, BELIEVING THEY ARE THE SOURCE OF NEW PERSPECTIVES AND INSIGHTS. IT WELCOMES PEOPLE INTO A PLACE OF COMFORT AND GIVES THEM PERMISSION TO CONTRIBUTE, EVEN OUTSIDE OF THEIR AREA OF EXPERTISE. DISTINCTIVE METHODS OF CURATION ALLOW FOR DIVERSE IDEAS TO BE CAPTURED AND CONNECTED IN CREATIVE WAYS, THIS APPROACH UPENDS TRADITIONAL SOURCES OF AUTHORITY AND PROMOTES INNOVATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,675,229
Program Service Revenue $564,422
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,239,651

Expense Breakdown

Grants Paid $197,625
Salaries & Benefits $550,660
Fundraising Expenses $173,779
Program Expenses $1,331,963
Other Expenses $1,083,238
TOTAL EXPENSES $1,831,523

Year-over-Year Comparison

2022 2021 Change
Revenue $2,239,651 $1,759,165 +0.3%
Expenses $1,831,523 $1,402,982 +0.3%
Net Income $408,128 $356,183 +0.1%
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
8
Independent Members
7
Employees
6
Volunteers
25

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
$155,172
Total Directors
8
$155,172
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOY ANDERSON PRESIDENT/EXECUTIVE DIRECT 40.00
Officer Director
$122,772 $32,400 $155,172
CATHERINE GILL BOARD CHAIR 1.50
Officer Director
$0 $0 $0
MICHELLE KAHANE SECRETARY 1.50
Officer Director
$0 $0 $0
MICHAELE BIRDSALL DIRECTOR 1.50
Director
$0 $0 $0
LUISAMARIA RUIZ CARLILE DIRECTOR 1.50
Director
$0 $0 $0
TERESA YOUNGER DIRECTOR 1.50
Director
$0 $0 $0
JAMES JOHNSON-PIETT DIRECTOR 1.50
Director
$0 $0 $0
ELLEN YOUNGER DIRECTOR 1.50
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
2022 $2,239,651 $1,831,523 $714,359 $408,128
2021 $1,759,165 $1,402,982 $272,073 $356,183
2020 $1,209,225 $1,409,318 $116,597 $-200,093
2019 $1,287,156 $1,406,378 $163,721 $-119,222
2018 $1,012,847 $963,706 $97,772 $49,141
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