CONNECTICUT HEAD START ASSOCIATION… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

KIMBERLY MANSFIELD

Phone

2037774006

Tax Period

2022-07-01 to 2023-06-30

CONNECTICUT HEAD START ASSOCIATION INC, founded in 2011, is a small nonprofit in the Education sector that reported $689K in total revenue in fiscal year 2022. Revenue surged 2730% from the prior year, signaling strong growth momentum. Expenses of $643K left a modest 7% surplus.

Mission

TO PROVIDE A STATE FORUM FOR THE CONTINUED ENHANCEMENT OF THE STATUS OF CHILDREN, YOUTH AND FAMILIES BY ORGANIZING ACTIVITIES DESIGNED TO UPGRADE THE QUALITY AND QUANTITY OF HEAD START/ EARLY HEAD START PROGRAM SERVICES; COORDINATING JOINT ACTIVITIES FOR THE FOUR (4) CONNECTICUT HEAD START/EARLY HEAD START MEMBERSHIP GROUPS: PARENTS, DIRECTORS, STAFF AND FRIENDS; DEVELOPING AND COMMUNICATING JOINT POLICIES, POSITIONS AND STATEMENTS, WHICH REFLECT A CONSENSUS OF THE OPINION OF THE MEMBERS THAT LEAD TO QUALITY EARLY CHILDHOOD EDUCATION SERVICES IN CONNECTICUT; AND RECOMMENDING DIRECTIONS WITHIN THE STATE AND NATIONALLY FOR EARLY CHILDHOOD EDUCATION, INCLUDING HEAD START AND EARLY HEAD START PROGRAMS, POLICIES AND PROCEDURES.

Program Service Accomplishments

Program 1

Expenses: $637,971 Revenue: $21,530

CONNECTICUT HEAD START ASSOCIATION, INC. SERVES 20+ HEAD START PROGRAMS, CONTRACTORS, AND DELEGATES IN CONNECTICUT WITH THE SHARING OF STATE AND FEDERAL INFORMATION AND GUIDANCE AS IT RELATES TO HEAD START AND THE EARLY CHILDHOOD FIELD (ECE). IN 2023, THE ASSOCIATION WORKED WITH OTHER ECE PROGRAMS IN CONNECTICUT, TO TEACH THE HEAD START PERFORMANCE STANDARDS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $667,000

Program Service Revenue $21,530

Investment Income $0

Other Revenue $0

TOTAL REVENUE $688,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $637,971

Other Expenses $642,668

TOTAL EXPENSES $642,668

Year-over-Year Comparison

	2022	2021	Change
Revenue	$688,530	$24,328	+27.3%
Expenses	$642,668	$33,060	+18.4%
Net Income	$45,862	$-8,732	-6.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHA GUTHRIE	CO-CHAIR	3.00	Officer Director	$0	$0	$0
JACLYN VALLEY	CO-CHAIR	3.00	Officer Director	$0	$0	$0
AMY GRISWOLD	SECRETARY	3.00	Officer Director	$0	$0	$0
KIMBERLY MANSFIELD	TREASURER	3.00	Officer 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
2023	$688,530	$642,668	$102,179	$45,862

CONNECTICUT HEAD START ASSOCIATION INC