GREATER HARTFORD COMMUNITY FOUNDATION INC (EIN 421684133) - 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

2005

Legal Domicile

Principal Officer

NATHAN GRUBE

Phone

8605026800

Tax Period

2024-09-01 to 2025-08-31

GREATER HARTFORD COMMUNITY FOUNDATION INC, founded in 2005, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $42.9M in total revenue in fiscal year 2024.

Mission

THE FOUNDATION'S MISSION IS TO BE A WORLD-CLASS PGA TOUR EVENT THAT MAXIMIZES GIVING TO CHARITY WHILE BENEFITING THE COMMUNITY. THE FOUNDATION'S PRIMARY FUNDRAISING ACTIVITY IS THE TRAVELERS CHAMPIONSHIP, CONNECTICUT'S ANNUAL PGA TOUR GOLF TOURNAMENT. THE NET PROCEEDS REALIZED BY THE TOURNAMENT AND OTHER SUCH ACTIVITIES AND EVENTS ARE FOR THE BENEFIT OF THE CITIZENS, SOCIAL WELFARE ORGANIZATIONS AND OTHER INSTITUTIONS OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,166,189

Program Service Revenue $29,465,155

Investment Income $189,296

Other Revenue $65,557

TOTAL REVENUE $42,886,197

Expense Breakdown

Grants Paid $848,681

Salaries & Benefits $2,856,633

Fundraising Expenses $234,567

Program Expenses $41,534,204

Other Expenses $38,487,891

TOTAL EXPENSES $42,193,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,886,197	$40,739,811	+0.1%
Expenses	$42,193,205	$40,637,611	+0.0%
Net Income	$692,992	$102,200	+5.8%

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

1850

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

$687,110

Total Directors

$687,110

Key Employees

$580,955

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHANIEL GRUBE	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer Director	$653,553	$33,557	$687,110
ANDY F BESSETTE	DIRECTOR	1.00	Director	$0	$0	$0
BRADFORD S BABBITT ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE W ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
CHANDLER J HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DAILEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MOTL	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL E KLEINMAN ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID DEBASSIO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
DONALD ALLAN JR	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY M JONES	DIRECTOR	1.00	Director	$0	$0	$0
JANICE WALSH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN A GREEN	DIRECTOR	1.00	Director	$0	$0	$0
KARL KRAPEK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
MONTEZ CARTER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
ROGER GELFENBIEN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN A RAMALHO	DIRECTOR	1.00	Director	$0	$0	$0
TED MAY	DIRECTOR	1.00	Director	$0	$0	$0
TARA GERBER	SENIOR DIRECTOR STRATEGY	40.00	Key Emp	$284,220	$14,658	$298,878
KEVIN HARRINGTON	SENIOR DIRECTOR OF OPERATIONS	40.00	Key Emp	$248,691	$33,386	$282,077
KENDALL K LAUDER	DIRECTOR OF CLIENT RELATIONS	40.00	Highest	$180,660	$24,229	$204,889
ROBERT CROCE	DIRECTOR OF BUSINESS DEVELOP	40.00	Highest	$172,413	$6,372	$178,785
KELLY M EVEN	DIR. OF BUSINESS DEVELOPMENT	40.00	Highest	$125,461	$0	$125,461
TAYLOR WHITING	VOLUNTEER AND CHARITY MANAGER	40.00	Highest	$104,492	$0	$104,492
PETER BARANSKI	OPERATIONS MANAGER	40.00	Highest	$103,406	$0	$103,406

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	$42,886,197	$42,193,205	$12,965,510	$692,992
2024	$40,739,811	$40,637,611	$11,949,591	$102,200
2023	$38,193,122	$37,575,628	$9,269,806	$617,494
2022	$22,150,705	$21,161,184	$8,414,279	$989,521
2021	$16,552,119	$16,178,508	$4,404,572	$373,611
2020	$12,337,129	$13,034,709	$4,972,681	$-697,580
2019	$19,831,812	$20,261,851	$6,782,249	$-430,039
2018	$2,152,663	$2,038,241	$9,168,189	$114,422

GREATER HARTFORD COMMUNITY FOUNDATION INC