HARTFORD'SGOTTALENTINC (EIN 823700390) - 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

2017

Legal Domicile

Principal Officer

ROBERT PATRICELLI

Phone

8609955885

Tax Period

2023-01-01 to 2023-12-31

HARTFORD'SGOTTALENTINC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $266K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $339K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE A VEHICLE FOR PEOPLE OF ALL AGES, AND YOUTH IN PARTICULAR, IN THE PERFORMING ARTS AS A MEANS OF PROMOTING COMMUNITY HARMONY AND PRIDE AND TO CREATE HOPE AND OPPORTUNITY FOR THE MANY TALENTED ARTISTS IN AND AROUND THE HARTFORD AREA.

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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 $265,556

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $265,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,364

Fundraising Expenses $0

Program Expenses $225,146

Other Expenses $258,514

TOTAL EXPENSES $338,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,556	$290,100	-0.1%
Expenses	$338,878	$189,466	+0.8%
Net Income	$-73,322	$100,634	-1.7%

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

Volunteers

N/A

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

$70,500

Total Directors

$70,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE YOUNG	PRESIDENT AN	30.00	Officer Director	$70,500	$0	$70,500
DONNA COLLINS	SECRETARY	N/A	Director	$0	$0	$0
ROBERT PATRICELLI	CHAIRMAN	N/A	Officer Director	$0	$0	$0
YOLANDA SPEARS	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$265,556	$338,878	$27,312	$-73,322
2022	$290,100	$189,466	$100,634	$100,634
2021	No data	$116,284	No data	No data
2020	$45,956	$7,547	$116,284	$38,409
2018	$850,000	$962,566	$87,434	$-112,566

HARTFORD'SGOTTALENTINC