ASHFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
CONNECTICUT FOUNDATION SOLUTIONS INDEMNITY COMPANY, INC. ("CFSIC") HAS BEEN CHARTERED AND LICENSED AS A CAPTIVE INSURER TO ASSIST THE STATE OF CONNECTICUT WITH THE FAIR AND EQUITABLE ADJUSTMENT OF HOMEOWNER CLAIMS RESULTING FROM THE (CONTINUED ON SCHEDULE O) PYRRHOTITE-AFFECTED HOME FOUNDATIONS NATURAL DISASTER.CFSIC'S MISSION IS TO USE ITS AVAILABLE RESOURCES TO ADJUST AND PAY CLAIMS FOR THE REBUILDING OF AS MANY PYRRHOTITE-AFFECTED HOME FOUNDATIONS AS THOSE RESOURCES WILL PERMIT. USING OBJECTIVE AND RECOGNIZED PROPERTY CLAIM ADJUSTMENT STANDARDS, AND ACTING AT ALL TIMES WITH FAIRNESS AND COMPASSION, CFSIC IS COMMITTED TO THE EQUITABLE TREATMENT OF HOMEOWNERS SUFFERING FROM THIS NATURAL DISASTER.
TO PROVIDE FINANCIAL ASSISTANCE TO OWNERS OF RESIDENTIAL BUILDINGS FOR THE REPLACEMENT OF, OR REIMBURSEMENT OF COSTS ASSOCIATED WITH THE REPLACEMENT OF, CONCRETE FOUNDATIONS OF SUCH BUILDINGS THAT...
TO PROVIDE FINANCIAL ASSISTANCE TO OWNERS OF RESIDENTIAL BUILDINGS FOR THE REPLACEMENT OF, OR REIMBURSEMENT OF COSTS ASSOCIATED WITH THE REPLACEMENT OF, CONCRETE FOUNDATIONS OF SUCH BUILDINGS THAT HAVE DETERIORATED DUE TO THE PRESENCE OF A MINERAL WITHIN THE CONCRETE CALLED PYRRHOTITE. THE ASSISTANCE IS INTENDED TO PROVIDE SUCH OWNERS WITH A STRUCTURALLY SOUND CONCRETE FOUNDATION REPLACEMENT, OR REIMBURSEMENT FOR A REPLACED FOUNDATION.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare CONNECTICUT FOUNDATION SOLUTIONS INDEMNITY COMPANY INC with other nonprofits in Connecticut and across the country.