NEW HAVEN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CONNECTICUT CENTER FOR ARTS & TECHNOLOGY, founded in 2011, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 117% operating deficit.
CONNCAT'S MISSION IS TO INSPIRE, MOTIVATE, AND PREPARE YOUTH AND ADULTS FOR EDUCATIONAL AND CAREER ADVANCEMENT, THROUGH JOB TRAINING AND YOUTH PROGRAMS.
CONNCAT'S BIOSCIENCE TRAINING PROGRAM HAS BEEN DESIGNED TO FULFILL THE MARKET DEMAND FOR TRAINED PROFESSIONALS IN LABORATORY OPERATIONS. THE PROGRAM EMPHASIZES BIOSCIENCE SKILLS WHILE PRODUCING...
CONNCAT'S BIOSCIENCE TRAINING PROGRAM HAS BEEN DESIGNED TO FULFILL THE MARKET DEMAND FOR TRAINED PROFESSIONALS IN LABORATORY OPERATIONS. THE PROGRAM EMPHASIZES BIOSCIENCE SKILLS WHILE PRODUCING WELL-ROUNDED PROFESSIONALS EQUIPPED TO ENTER THE FAST-PACED BIOTECH AND BIOPHARMACEUTICAL ENVIRONMENTS. AS OF OCTOBER 2024, BETWEEN FOUR TRAINING COHORTS, 52 APPLICANTS JOINED OUR PRE-TRAINING ACADEMY, AND 363,463. ACROSS CULINARY COHORTS 11 AND 12, A TOTAL OF 24 STUDENTS ENROLLED. 40 APPLICANTS OFFICIALLY ENROLLED IN BIOLAUNCH TRAINING. THE 20 PARTICIPANTS OF COHORTS ONE AND TWO HAVE FINISHED THEIR TRAINING TIMELINES; 15 OF THESE PARTICIPANTS SUCCESSFULLY COMPLETED THE TRAINING AND GRADUATION REQUIREMENTS. TWENTY PARTICIPANTS ARE CURRENTLY IN TRAINING AS CHOHORTS THREE AND FOUR. TO DATE, 13 TRAINEES HAVE SECURED EMPLOYMENT.
"ACROSS CULINARY COHORTS 11 AND 12, A TOTAL OF 24 STUDENTS ENROLLED. SEVENTY-NINE PERCENT (79%) OF THESE STUDENTS SUCCESSFULLY COMPLETED THE CULINARY ARTS ACADEMY. FOR COHORT 11, EIGHTY-FIVE PERCENT...
"ACROSS CULINARY COHORTS 11 AND 12, A TOTAL OF 24 STUDENTS ENROLLED. SEVENTY-NINE PERCENT (79%) OF THESE STUDENTS SUCCESSFULLY COMPLETED THE CULINARY ARTS ACADEMY. FOR COHORT 11, EIGHTY-FIVE PERCENT (85%) SECURED AND COMPLETED EXTERNSHIP PLACEMENTS AND ARE SET TO PARTICIPATE IN THE FALL COMMENCEMENT CEREMONIES. ADDITIONALLY, TWENTY-ONE PERCENT (21%) OF COHORT 11 GRADUATES HAVE OBTAINED EMPLOYMENT IN THE CULINARY FIELD. FOR COHORT 12, SEVENTY PERCENT (70%) OF STUDENTS ARE CURRENTLY ASSIGNED TO EXTERNSHIP SITES, MARKING THEIR TRANSITION INTO THE PROGRAM'S HANDS-ON PHASE.*COHORT 13 IS SCHEDULED TO BEGIN ON NOVEMBER 18, 2024, WITH 12 STUDENTS ENROLLED.*"
ACROSS PHLEBOTOMY COHORTS 25 AND 26, A TOTAL OF 21 STUDENTS ENROLLED. COHORT 25 ACHIEVED A COMPLETION RATE OF SIXTY-THREE PERCENT (63%), WITH SEVENTY-ONE PERCENT (71%) OF ITS GRADUATES NOW GAINFULLY...
ACROSS PHLEBOTOMY COHORTS 25 AND 26, A TOTAL OF 21 STUDENTS ENROLLED. COHORT 25 ACHIEVED A COMPLETION RATE OF SIXTY-THREE PERCENT (63%), WITH SEVENTY-ONE PERCENT (71%) OF ITS GRADUATES NOW GAINFULLY EMPLOYED IN THE PHLEBOTOMY FIELD. IN COHORT 26, 14 STUDENTS ENROLLED, WITH NINE STUDENTS (64%) CURRENTLY ACTIVE IN THE PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,238,419 | $1,218,253 | +0.0% |
| Expenses | $2,682,373 | $2,476,599 | +0.1% |
| Net Income | $-1,443,954 | $-1,258,346 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CARLTON L HIGHSMITH | BOARD CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN A MYATT | VICE PRESIDENT/VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHERINE E LAMARR ESQ | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALEXIS N HIGHSMITH SMITH ESQ | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIK CLEMONS | ACTING PRESIDENT & CEO | 20.00 |
Officer
Director
|
$150,000 | $20,478 | $641,553 |
| PAUL MCCRAVEN | DIRECTOR | 1.00 |
Director
|
$0 | $11,960 | $181,999 |
| DANIEL CARON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENISE MORRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MILTON WALLACK DDS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RONALD X JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| OPAL HARMON | DIRECTOR OF OPERATION & HR | 40.00 |
Highest
|
$118,715 | $4,572 | $123,287 |
| STEPHEN DRIFFIN | DIRECTOR OF PROGRAMS | 40.00 |
Highest
|
$104,999 | $4,038 | $109,037 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,238,419 | $2,682,373 | $931,224 | $-1,443,954 |
| 2023 | $1,218,253 | $2,476,599 | $1,523,388 | $-1,258,346 |
| 2022 | $1,030,188 | $2,206,112 | $2,427,184 | $-1,175,924 |
| 2021 | $11,576,748 | $4,087,742 | $3,075,426 | $7,489,006 |
| 2020 | $7,171,565 | $3,827,190 | $10,117,378 | $3,344,375 |
| 2019 | $8,445,855 | $3,803,491 | $7,005,841 | $4,642,364 |
| 2018 | $1,257,244 | $3,196,176 | $4,866,778 | $-1,938,932 |
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