GROTON, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THAMES RIVER INNOVATION PLACES INC, founded in 2018, is a small nonprofit in the Environment sector that reported $298K in total revenue in fiscal year 2021. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $397K exceeded revenue, resulting in a 33% operating deficit.
THAMES RIVER INNOVATION PLACE BUILDS PROSPERITY IN THE THAMES RIVER REGION THROUGH AUTHENTIC INNOVATION, COLLABORATION AND DIVERSE PARTNERSHIPS. OUR GROUP IS AN UNPRECEDENTED ALLIANCE OF PUBLIC, PRIVATE, AND NONPROFIT SECTORS IN THE COMMUNITIES OF NEW LONDON AND GROTON IN SOUTHEASTERN CONNECTICUT. MAJOR INSTITUTIONS ARE COLLABORATING TO DESIGN A BLUEPRINT FOR THE FUTURE OF OUR COMMUNITIES THAT INTEGRATES EXISTING PLANS AN PROJECTS WITH NEW IDEAS THAT LEVERAGE AND ENHANCE ALL THAT IS UNIQUES ABOUT THIS PLACE AT THE MOUTH OF TE THAMES RIVER. THAMES RIVER INNOVATION IS SUPPORTED BY CTNEXT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $297,873 | $393,663 | -0.2% |
| Expenses | $396,887 | $606,987 | -0.3% |
| Net Income | $-99,014 | $-213,324 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ELIZABETH PASQUALINI | EXECUTIVE DI | 40.00 |
Director
|
$49,583 | $0 | $49,583 |
| KIMBERLY KELLY | PRESIDENT | 10.00 |
Officer
|
$14,500 | $0 | $14,500 |
| SUSAN ADAMS | DIRECTOR | 10.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW GILLEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN HARKNESS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIE CLAIRE PEAKMAN | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| ROBERT VOLDKMANN PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID STEUBER | EX OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| PAIGE BRONK | SECRETARY | 4.00 |
Officer
|
$0 | $0 | $0 |
| CIERRA PATRICK | VICE-PRESIDE | 4.00 |
Officer
|
$0 | $0 | $0 |
| MARY ANNE ROOKE | TREASURER | 4.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $297,873 | $396,887 | $126,042 | $-99,014 |
| 2021 | $393,663 | $606,987 | $232,391 | $-213,324 |
| 2020 | $694,093 | $444,737 | $469,468 | $249,356 |
| 2019 | $1,468,718 | $1,285,279 | $487,277 | $183,439 |
Compare THAMES RIVER INNOVATION PLACES INC with other nonprofits in Connecticut and across the country.