COMMUNITY HEALTH & WELLNESS CENTER OF GREATER TORRINGTON INC (EIN 562286940) - 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

2002

Legal Domicile

Principal Officer

JOANNE BORDUAS

Phone

8604823038

Tax Period

2023-10-01 to 2024-09-30

COMMUNITY HEALTH & WELLNESS CENTER OF GREATER TORRINGTON INC, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $11.7M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

PRIMARY HEALTH CARE SERVICES TO UNINSURED AND UNDERINSURED RESIDENTS IN NORTHWESTERN CONNECTICUT.

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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 $5,684,116

Program Service Revenue $5,776,332

Investment Income $16,892

Other Revenue $183,704

TOTAL REVENUE $11,661,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,103,086

Fundraising Expenses $0

Program Expenses $9,412,261

Other Expenses $3,210,519

TOTAL EXPENSES $12,313,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,661,044	$13,635,134	-0.1%
Expenses	$12,313,605	$10,107,101	+0.2%
Net Income	$-652,561	$3,528,033	-1.2%

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

115

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

$366,503

Total Directors

$235,966

Key Employees

$420,159

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA PARKER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ARUM	DIRECTOR	1.00	Director	$0	$0	$0
GREG BRISCO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF GEDDES	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE BORDUAS	PRESIDENT/CEO	39.00	Officer Director	$231,379	$4,587	$235,966
JOEL HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSE CONSEPSION	DIRECTOR	1.00	Director	$0	$0	$0
MARIA GONZALEZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
PETER DUNCAN	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA LACOMBE	DIRECTOR OF FINANCE & GRANTS MANAGEMENT	39.00	Officer	$122,368	$8,169	$130,537
GINA BURROWS	CHIEF OPERATING OFFICER	40.00	Key Emp	$168,430	$3,358	$171,788
ROCCO RUSSO	MEDICAL DIRECTOR	40.00	Key Emp	$240,669	$7,702	$248,371
GENGYUN WEN	PSYCHIATRIST	24.00	Highest	$223,342	$19,597	$242,939
KIMBERLY LAYMAN	CHIROPRACTOR	32.00	Highest	$142,974	$9,195	$152,169
MELANIE MOLLICA	APRN	40.00	Highest	$131,766	$1,678	$133,444
VICTORIA MASSEY	DENTAL DIRECTOR	40.00	Highest	$166,196	$7,026	$173,222
YU-HUI LEE	PHYSICIAN	40.00	Highest	$164,983	$3,264	$168,247

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	$11,661,044	$12,313,605	$12,081,393	$-652,561
2023	$13,635,134	$10,107,101	$11,492,641	$3,528,033
2022	$9,157,616	$9,490,009	$5,264,140	$-332,393
2021	$11,567,590	$10,207,278	$5,719,266	$1,360,312
2020	$8,738,213	$8,359,983	$5,718,220	$378,230
2019	$9,030,995	$9,902,615	$11,533,206	$-871,620
2018	$7,638,119	$7,559,705	$11,365,047	$78,414

COMMUNITY HEALTH & WELLNESS CENTER OF GREATER TORRINGTON INC