NUTMEG RESEARCH INITIATIVE INC (EIN 841921820) - 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

2019

Legal Domicile

Principal Officer

J DAVID KELSEY

Tax Period

2021-01-01 to 2021-12-31

NUTMEG RESEARCH INITIATIVE INC, founded in 2019, is a micro nonprofit that reported $60K in total revenue in fiscal year 2021. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 23% operating margin.

Mission

NUTMEG RESEARCH INITIATIVE IS AN IRS 501(C)(4) NON-PROFIT, SOCIAL WELFARE ORGANIZATION RESEARCHING, AND SHARING INFORMATION ABOUT ISSUES THAT IMPACT THE LIVES AND LIVELIHOOD OF EVERYONE IN CONNECTICUT, EVERY SINGLE DAY. USING A FOUNDATION ROOTED IN CENTER-RIGHT PRINCIPLES WE STRIVE TO MAKE CONNECTICUT A BETTER PLACE TO LIVE, WORK AND RAISE A FAMILY, BY EMBRACING OPEN AND LIMITED GOVERNMENT, LOWER TAXES AND ECONOMIC GROWTH AND OPPORTUNITY FOR EVERYONE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $60,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,002

Other Expenses $46,002

TOTAL EXPENSES $46,002

Year-over-Year Comparison

	2021	2020	Change
Revenue	$60,000	$169,057	-0.6%
Expenses	$46,002	$174,067	-0.7%
Net Income	$13,998	$-5,010	-3.8%

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
J DAVID KELSEY	BOARD CHAIRM	N/A	Officer Director	$0	$0	$0
JOHN PAVIA	DIRECTOR	N/A	Director	$0	$0	$0
MARIETTA LEE	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
2021	$60,000	$46,002	$29,342	$13,998
2020	$169,057	$174,067	$15,344	$-5,010
2019	$130,000	$109,646	$20,354	$20,354

NUTMEG RESEARCH INITIATIVE INC