LEADINGAGE CONNECTICUT INC

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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

1975

Legal Domicile

Principal Officer

MARGARET MORELLI

Phone

2036784477

Tax Period

2024-01-01 to 2024-12-31

LEADINGAGE CONNECTICUT INC, founded in 1975, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

LEADINGAGE CONNECTICUT IS AN ASSOCIATION DEDICATED TO ADVANCING THE QUALITY OF SERVICES AND CARE FOR OLDER ADULTS AND CHRONICALLY ILL INDIVIDUALS IN THE SETTING OF THEIR CHOICE BY LEADING, EDUCATING, REPRESENTING, ADVOCATING AND SERVICING ITS MEMBERS WHO ARE MISSION-DRIVEN, NOT-FOR-PROFIT PROVIDERS REPRESENTING THE CONTINUUM.

Program Service Accomplishments

Program 1

TO ASSURE HEALTHY, AFFORDABLE AND ETHICAL HOUSING, SERVICES AND CARE FOR OLDER ADULTS AND THE CHRONICALLY ILL AND TO PROMOTE RECOGNITION OF THE NOT-FOR-PROFIT PROVIDERS OF SUCH HOUSING, SERVICES AND CARE. THIS IS DONE THROUGH PUBLIC POLICY ADVOCACY AND THROUGH THE PUBLIC PROMOTION OF NOT-FOR-PROFIT SERVICES, SUPPORTS AND HOUSING FOR OLDER ADULTS AND THE CHRONICALLY ILL IN CONNECTICUT. SUCH PUBLIC PROMOTION INCLUDES, BUT IS NOT LIMITED TO, AN INFORMATIONAL WEBSITE ACCESSIBLE TO THE PUBLIC AND INFORMATIONAL CONSUMER PUBLICATIONS.

Program 2

TO PRODUCE AND PROMOTE EDUCATIONAL OPPORTUNITIES FOR THE AGING SERVICES WORKFORCE AND THE LEADERSHIP TEAMS OF OUR MEMBERS. SUCH OPPORTUNITIES ARE INCLUSIVE OF THE FULL CONTINUUM OF LONG TERM...

TO PRODUCE AND PROMOTE EDUCATIONAL OPPORTUNITIES FOR THE AGING SERVICES WORKFORCE AND THE LEADERSHIP TEAMS OF OUR MEMBERS. SUCH OPPORTUNITIES ARE INCLUSIVE OF THE FULL CONTINUUM OF LONG TERM SERVICES, SUPPORTS AND HOUSING AND INCLUDE MEMBERSHIP MEETINGS TO PROMOTE THE MUTUAL EXCHANGE OF INFORMATION AND IDEAS, MEETINGS OF PROFESSIONAL COUNCILS AND ROUNDTABLES, FREQUENT EDUCATION PROGRAMS, A LEADERSHIP DEVELOPMENT PROGRAM AND AN ANNUAL TRADE SHOW AND CONFERENCE.

Program 3

TO PROVIDE TIMELY AND RELEVANT INFORMATION, UPDATES AND GUIDANCE TO OUR MEMBER ORGANIZATIONS. THIS IS DONE THROUGH NEWSLETTERS, PRESENTATIONS AND OTHER MEANS OF COMMUNICATION.

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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 $0

Program Service Revenue $1,091,219

Investment Income $28,930

Other Revenue $58,241

TOTAL REVENUE $1,178,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $530,455

Fundraising Expenses $0

Other Expenses $633,085

TOTAL EXPENSES $1,163,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,178,390	$1,131,161	+0.0%
Expenses	$1,163,540	$1,103,950	+0.1%
Net Income	$14,850	$27,211	-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

$237,919

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN REINER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JON PAUL VENOIT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CAROL FITZGERALD	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN BEDARD	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA CONNOLLY	DIRECTOR	1.00	Officer Director	$0	$0	$0
ANDREW BANOFF	DIRECTOR	1.00	Director	$0	$0	$0
RENEE BERNASCONI	DIRECTOR	1.00	Director	$0	$0	$0
LISA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
ERIC DANA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM FAIRBAIRN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA MORSE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LAWLOR	DIRECTOR	1.00	Director	$0	$0	$0
GUSTAVE KEACH-LONGO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RAMBAROSE	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET MORELLI	PRESIDENT	45.00	Officer	$229,855	$8,064	$237,919

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	$1,178,390	$1,163,540	$1,508,866	$14,850
2023	$1,131,161	$1,103,950	$1,398,961	$27,211
2022	$1,081,146	$1,061,430	$1,328,251	$19,716
2021	$1,003,019	$951,608	$1,294,076	$51,411
2020	$840,324	$959,458	$1,240,499	$-119,134
2019	$968,690	$991,928	$1,404,848	$-23,238
2018	$998,700	$936,106	$1,311,169	$62,594