CONNECTICUT FOUNDATION SOLUTIONS INDEMNITY COMPANY INC (EIN 831054554) - 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

2018

Legal Domicile

Principal Officer

STEVE WERBNER

Phone

8778295500

Tax Period

2024-07-01 to 2025-06-30

CONNECTICUT FOUNDATION SOLUTIONS INDEMNITY COMPANY INC, founded in 2018, is a mid-sized nonprofit in the Housing & Shelter sector that reported $38.2M in total revenue in fiscal year 2024. Expenses of $35.2M left a modest 8% surplus.

Mission

TO ASSIST THE STATE OF CONNECTICUT WITH THE FAIR AND EQUITABLE ADJUSTMENT OF HOMEOWNER CRUMBLING FOUNDATION CLAIMS.

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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 $36,010,331

Program Service Revenue $0

Investment Income $2,222,842

Other Revenue $0

TOTAL REVENUE $38,233,173

Expense Breakdown

Grants Paid $29,288,128

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,924,927

Other Expenses $5,945,789

TOTAL EXPENSES $35,233,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,233,173	$38,262,934	0.0%
Expenses	$35,233,917	$37,011,627	0.0%
Net Income	$2,999,256	$1,251,307	+1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN WERBNER	PRESIDENT	3.00	Officer Director	$0	$0	$0
BRUCE KELLOGG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT HART	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL KEUNE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK MCDONNELL	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN FILCHAK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RACHEK	DIRECTOR	1.00	Director	$0	$0	$0
DONALD POULIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MANISCALCO	DIRECTOR	1.00	Director	$0	$0	$0
WENDY CLARKE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE AMBROSE	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
MICHAEL MAGLARAS	SUPERINTENDENT	40.00	Officer	$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
2025	$38,233,173	$35,233,917	$51,262,641	$2,999,256
2024	$38,262,934	$37,011,627	$45,172,887	$1,251,307
2023	$26,081,070	$32,584,712	$34,929,891	$-6,503,642
2022	$32,520,363	$25,711,626	$35,771,140	$6,808,737
2021	$30,748,798	$-406,947	$30,509,049	$31,155,745
2020	$31,034,358	$42,014,287	$31,915,487	$-10,979,929
2019	$40,269,622	$92,774,450	$32,102,125	$-52,504,828

CONNECTICUT FOUNDATION SOLUTIONS INDEMNITY COMPANY INC