THE CONNECTICUT CENTER FOR NURSING WORKFORCE INC (EIN 831941799) - 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

TINA LOARTE-RODRIGUEZ

Phone

2036915013

Tax Period

2023-07-01 to 2024-06-30

THE CONNECTICUT CENTER FOR NURSING WORKFORCE INC, founded in 2018, is a small nonprofit in the Health Care sector that reported $848K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $771K left a modest 9% surplus.

Mission

TO FOSTER COLLABORATIONS TO ENSURE A HIGHLY EDUCATED, DIVERSE AND SUSTAINABLE NURSING WORKFORCE TO SUPPORT THE HEALTHCARE NEEDS OF CONNECTICUT RESIDENTS.

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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 $483,863

Program Service Revenue $364,601

Investment Income $0

Other Revenue $0

TOTAL REVENUE $848,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,038

Fundraising Expenses $0

Program Expenses $602,081

Other Expenses $475,812

TOTAL EXPENSES $770,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$848,464	$699,147	+0.2%
Expenses	$770,850	$643,632	+0.2%
Net Income	$77,614	$55,515	+0.4%

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

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

$178,829

Total Directors

$6,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERYLYN WATSON	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
LISA REBESCHI	VICE CHAIRPERSON	2.00	Officer Director	$1,800	$0	$1,800
VIVIENNE FRIDAY	DIRECTOR	2.00	Director	$0	$0	$0
ANN SPENARD	TREASURER	2.00	Officer Director	$0	$0	$0
CATHERINE STEVENS	SECRETARY	2.00	Officer Director	$0	$0	$0
JANENE BATTEN	DIRECTOR	2.00	Director	$0	$0	$0
DAWN BUNTING	DIRECTOR	2.00	Director	$4,338	$0	$4,338
JUSTIN DREW	DIRECTOR	2.00	Director	$0	$0	$0
GOETTI FRANCOIS	DIRECTOR	2.00	Director	$0	$0	$0
APRIL MCGRATH	DIRECTOR	2.00	Director	$0	$0	$0
JOHN RODIS	DIRECTOR	2.00	Director	$0	$0	$0
JUDY RUGGIRI	DIRECTOR	2.00	Director	$0	$0	$0
MARY SALISBURY	DIRECTOR	2.00	Director	$0	$0	$0
MARIE SPIVEY	DIRECTOR	2.00	Director	$0	$0	$0
TYLER TRAISTER	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH ULLMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARCIA PROTO	EXECUTIVE DIRECTOR (PAST)	40.00	Officer	$162,029	$15,000	$177,029
TINA LOARTE-RODRIGUEZ	EXECUTIVE DIRECTOR	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	No data	No data	No data	No data
2024	$848,464	$770,850	$307,952	$77,614
2023	$699,147	$643,632	$279,636	$55,515
2022	$354,899	$368,086	$400,595	$-13,187
2021	$132,071	$98,799	$69,854	$33,272
2020	$102,465	$90,257	$28,297	$12,208
2019	$137,095	$127,461	$33,812	$9,634

THE CONNECTICUT CENTER FOR NURSING WORKFORCE INC