CONNECTCR 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

2017

Legal Domicile

Principal Officer

JULIE KRAFT

Phone

3193597206

Tax Period

2024-01-01 to 2024-12-31

CONNECTCR INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 384% operating deficit.

Mission

CONNECTCR WILL IMPROVE THE QUALITY OF LIFE IN LINN COUNTY AND BEYOND BY EXPANDING CONNECTIVITY FOR RECREATION, IMPROVING UNDER-UTILIZED COMMUNITY ASSETS, LEVERAGING FLOOD MITIGATION, AND CREATING AN ICONIC SYMBOL FOR THE CITY.

Program Service Accomplishments

Program 1

Expenses: $1,499,342 Revenue: $0

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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 $124,544

Program Service Revenue $0

Investment Income $188,947

Other Revenue $0

TOTAL REVENUE $313,491

Expense Breakdown

Grants Paid $1,440,000

Salaries & Benefits $9,499

Fundraising Expenses $2,375

Program Expenses $1,499,342

Other Expenses $67,895

TOTAL EXPENSES $1,517,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,491	$1,017,370	-0.7%
Expenses	$1,517,394	$1,733,199	-0.1%
Net Income	$-1,203,903	$-715,829	+0.7%

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

$9,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MCGRATH MICHAEL	PRESIDENT	0.25	Officer Director	$0	$0	$0
PEFFER TOM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SOVERN STEVE	TREASURER	1.50	Officer Director	$0	$0	$0
CLANCY LEE	DIRECTOR	0.50	Director	$0	$0	$0
ROGERS MARCIA	DIRECTOR	0.25	Director	$0	$0	$0
STEPANEK DEREK	DIRECTOR	0.75	Director	$0	$0	$0
WYRICK FELICIA	DIRECTOR	0.75	Director	$0	$0	$0
KRAFT JULIE	DIRECTOR OF ORGANIZATIONAL	7.00	Officer	$9,499	$0	$9,499

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	$313,491	$1,517,394	$2,828,385	$-1,203,903
2023	$1,017,370	$1,733,199	$4,027,791	$-715,829
2022	$2,447,963	$2,109,926	$4,747,122	$338,037
2021	$1,335,443	$17,115	$4,412,235	$1,318,328
2020	$1,622,893	$64,359	$3,092,305	$1,558,534
2019	$1,383,911	$151,465	$1,535,265	$1,232,446
2018	$394,268	$96,108	$301,682	$298,160