Putnam Business Association Inc

EIN: 352398349 Community Improvement

Putnam, CT

Total Revenue
$56,859
Total Expenses
$53,846
Total Assets
$31,812
Net Assets
$31,812
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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
CT
Principal Officer
Kate Cerrone
Phone
8604281278
Tax Period
2025-01-01 to 2025-12-31

Putnam Business Association Inc, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $57K in total revenue in fiscal year 2025. Expenses of $54K left a modest 5% surplus.

Mission

The Putnam Business Association (PBA) is an organization consisting of local business owners who meet on the second Wednesday of every month with the unified goal of promoting local businesses through the generation, organization, implementation and conduction of local events.In 2024 the following were the PBA's 3 largest events and with the Gross Revenue for each:Fire & Ice Festival - $59,992Rubber Duck Race - $43,288Turkey Drive - $9,510In 2024 were PBA's Expenses for the these activities:Fire & Ice Festival - $62,194Rubber Duck Race - $15,076Turkey Drive - $9,358

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $28,905
Investment Income $0
Other Revenue $27,954
TOTAL REVENUE $56,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,611
Fundraising Expenses $0
Other Expenses $29,235
TOTAL EXPENSES $53,846

Year-over-Year Comparison

2025 2024 Change
Revenue $56,859 N/A N/A
Expenses $53,846 N/A N/A
Net Income $3,013 N/A N/A
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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Governance

Voting Members
13
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
13
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Osbrey Director 1.00
Officer
$0 $0 $0
Thomas Borner Director 1.00
Officer
$0 $0 $0
Laura Jones Secretary 2.00
Officer
$0 $0 $0
Dawn Pratt Treasurer 8.00
Officer
$0 $0 $0
Matt Desaulnier Director 1.00
Officer
$0 $0 $0
Patrick O'Brien Director 1.00
Officer
$0 $0 $0
Jennifer Lehto Director 1.00
Officer
$0 $0 $0
Kayla Trant Director 1.00
Officer
$0 $0 $0
Jason Verreneault Director 1.00
Officer
$0 $0 $0
Dick Loomis Director 1.00
Officer
$0 $0 $0
Kate Cerrone President 8.00
Officer
$0 $0 $0
Sheila Frost Vice President 4.00
Officer
$0 $0 $0
Andrew Morrison Director 1.00
Officer
$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 $56,859 $53,846 $31,812 $3,013
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