GROWERS INC (EIN 274355636) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

STEVEN ABATI

Phone

2032158273

Tax Period

2023-07-01 to 2024-06-30

GROWERS INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 5% surplus.

Mission

PROVIDES EDUCATION EMPLOYMENT AND CLINICAL THERAPY FOR NEW HAVEN COUNTY ADULTS WITH DEVELOPMENT AND PHYSICAL DISABILITIES.

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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 $8,904

Program Service Revenue $1,049,831

Investment Income $-2,697

Other Revenue $2,858

TOTAL REVENUE $1,058,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $781,598

Fundraising Expenses $0

Program Expenses $920,393

Other Expenses $229,046

TOTAL EXPENSES $1,010,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,058,896	$973,715	+0.1%
Expenses	$1,010,644	$941,266	+0.1%
Net Income	$48,252	$32,449	+0.5%

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

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

$270,016

Total Directors

$270,016

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT HICKMAN	PRESIDENT	40.00	Officer Director	$130,085	$4,923	$135,008
STEVE ABATI	VICE PRESIDENT	40.00	Officer Director	$130,085	$4,923	$135,008
PATRICK BIRNEY	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY HUTLGREN	DIRECTOR	2.00	Officer 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	$1,058,896	$1,010,644	$422,156	$48,252
2023	$973,715	$941,266	$345,398	$32,449
2022	$874,070	$886,486	$278,771	$-12,416
2021	$786,574	$727,857	$246,689	$58,717
2018	$589,022	$609,040	$156,118	$-20,018

GROWERS INC