CONNEX (EIN 752611922) - 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

1995

Legal Domicile

Principal Officer

WILLIAM M YANEK

Phone

9722319810

Tax Period

2023-01-01 to 2023-12-31

CONNEX, founded in 1995, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO GIVE MEMBERS A COMPETITIVE ADVANTAGE IN MULTI-SITE FACILITIES MANAGEMENT.

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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 $497,072

Program Service Revenue $6,503,427

Investment Income $86,210

Other Revenue $0

TOTAL REVENUE $7,086,709

Expense Breakdown

Grants Paid $200

Salaries & Benefits $2,516,252

Fundraising Expenses $0

Other Expenses $4,680,382

TOTAL EXPENSES $7,196,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,086,709	$5,612,860	+0.3%
Expenses	$7,196,834	$6,139,400	+0.2%
Net Income	$-110,125	$-526,540	-0.8%

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

317

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

$270,113

Total Directors

Key Employees

$208,182

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY DISPIRITO	CHAIR	3.00	Officer Director	$0	$0	$0
SID SHETTY	VICE CHAIR	3.00	Officer Director	$0	$0	$0
KURT GNESSIN	TREASURER	3.00	Officer Director	$0	$0	$0
AMANDA STEPHEN	SECRETARY	3.00	Officer Director	$0	$0	$0
PATRICIA BACIGALUPO	IMMEDIATE PAST CHAIR	3.00	Officer Director	$0	$0	$0
CATHERINE BARNES	DIRECTOR	3.00	Director	$0	$0	$0
ADAM ORYSZCZAK	DIRECTOR	3.00	Director	$0	$0	$0
KENNETH JONES	DIRECTOR	3.00	Director	$0	$0	$0
PRINCE REED	DIRECTOR	3.00	Director	$0	$0	$0
ALEX DIPIETRO	DIRECTOR	3.00	Director	$0	$0	$0
RYAN BECK	DIRECTOR	3.00	Director	$0	$0	$0
MARK CONSIGNY	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL ZOLTON	MULTI-SITE 1ST ALTERNATIVE	3.00	Director	$0	$0	$0
JASON MILLER	MULTI-SITE 2ND ALTERNATIVE	3.00	Director	$0	$0	$0
CHRISTOPHER JERNIGAN	SUPPLIER ALTERNATE	3.00	Director	$0	$0	$0
WILLIAM M YANEK	CHIEF EXECUTIVE OFFICER	40.00	Officer	$262,891	$7,222	$270,113
LEEANN NORTON	CHIEF OPERATING OFFICER	40.00	Key Emp	$187,419	$20,763	$208,182
JULIE DAWN BOGGS	VP, MEMBERSHIP DEVELOPMENT	40.00	Highest	$149,776	$31,284	$181,060
BROOKE MARIE COWART	VP, CONTENT & RESOURCES	40.00	Highest	$115,996	$2,485	$118,481
WILLIAM CARY RICHMOND	DIRECTOR, CONTENT & RESOURCES	40.00	Highest	$104,416	$14,481	$118,897
GINGER LENA HAYWARD	DIRECTOR, GLOBAL MEETINGS & EVENTS	40.00	Highest	$102,012	$12,897	$114,909

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	No data	No data	No data	No data
2023	$7,086,709	$7,196,834	$7,123,936	$-110,125
2022	$5,612,860	$6,139,400	$6,513,724	$-526,540
2021	$5,149,487	$5,469,055	$6,167,916	$-319,568
2020	$2,045,632	$3,891,204	$7,091,732	$-1,845,572
2018	$6,011,242	$6,332,718	$8,465,614	$-321,476

CONNEX