Connecticut Explored Inc (EIN 455404888) - 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

2012

Legal Domicile

Principal Officer

Katherine Hermes Publisher

Phone

8608322805

Tax Period

2023-09-01 to 2024-08-31

Connecticut Explored Inc, founded in 2012, is a small nonprofit in the Education sector that reported $323K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $403K exceeded revenue, resulting in a 25% operating deficit.

Mission

To educate the general public about the history and cultural heritage of the State of Connecticut and the role the State and its citizens have played as part of the American experience.

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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 $150,520

Program Service Revenue $165,457

Investment Income $6,571

Other Revenue $0

TOTAL REVENUE $322,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,539

Fundraising Expenses $50,702

Program Expenses $278,128

Other Expenses $195,053

TOTAL EXPENSES $402,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,548	$364,846	-0.1%
Expenses	$402,592	$416,118	0.0%
Net Income	$-80,044	$-51,272	+0.6%

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

$77,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Hermes	Publisher+ExDir	30.00	Officer	$77,000	$0	$77,000
Darlene Kascak	Director	1.00	Director	$0	$0	$0
Edward Spinella to 0923	Treasurer	1.00	Officer Director	$0	$0	$0
Olivia White to 0923	Secretary	2.00	Officer Director	$0	$0	$0
Clarissa Ceglio	Director	1.00	Director	$0	$0	$0
Kendall Wiggin	President	5.00	Officer Director	$0	$0	$0
Michael Markowicz fr 0923	Treasurer	1.00	Officer Director	$0	$0	$0
Patricia Behre	Director	1.00	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
2024	$322,548	$402,592	$219,789	$-80,044
2023	$364,846	$416,118	$345,810	$-51,272
2022	$253,394	$259,684	$383,966	$-6,290
2021	$226,985	$190,047	$375,092	$36,938
2019	$207,513	$197,493	$329,538	$10,020
2018	$204,826	$189,705	$304,232	$15,121

Connecticut Explored Inc