THE CONNECTICUT PROJECT INC

EIN: 872622825 501(c)(3) Community Improvement

NEW HAVEN, CT

Total Revenue
$1,148,997
Total Expenses
$9,065,129
Total Assets
$23,524,599
Net Assets
$22,792,710
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CT
Principal Officer
GARTH HARRIES
Phone
4759009210
Tax Period
2023-01-01 to 2023-12-31

THE CONNECTICUT PROJECT INC, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $9.1M exceeded revenue, resulting in a 689% operating deficit.

Mission

BRING TOGETHER COMMUNITIES, IDEAS, AND RESOURCES TO IMPROVE SYSTEMS FOR LOW-INCOME PEOPLE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,421
Program Service Revenue $0
Investment Income $1,145,576
Other Revenue $0
TOTAL REVENUE $1,148,997

Expense Breakdown

Grants Paid $5,793,304
Salaries & Benefits $2,021,050
Fundraising Expenses $0
Program Expenses $8,443,333
Other Expenses $1,250,775
TOTAL EXPENSES $9,065,129

Year-over-Year Comparison

2023 2022 Change
Revenue $1,148,997 $33,500,265 -1.0%
Expenses $9,065,129 $3,130,725 +1.9%
Net Income $-7,916,132 $30,369,540 -1.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
15
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
5
$544,371
Total Directors
5
$0
Key Employees
1
$281,810
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERWIN CHARLES TREASURER, FINANCE COMMITTE MEMEBER 1.00
Officer Director
$0 $0 $0
BRITT-MARIE COLE JOHNSON SECRETARY 1.00
Officer Director
$0 $0 $0
KICA MATOS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN MANDEL BOARD CHAIR, FINANCE COMMITTEE MEMBER 1.00
Officer Director
$0 $0 $0
SUE MANDEL BOARD MEMBER 1.00
Director
$0 $0 $0
GARTH HARRIES PRESIDENT AND CEO 40.00
Officer
$238,888 $61,781 $350,532
ADRIANA A JOSEPH CHIEF ADMINISTRATIVE OFFICER 40.00
Officer
$154,832 $11,603 $193,839
MIRELLISE M VAZQUEZ VICE PRESIDENT OF INVESTMENT 40.00
Key Emp
$205,323 $57,054 $281,810
COURTNEY PARKERSON DIRECTOR 40.00
Highest
$158,664 $56,207 $223,223
NORDIA SAVAGE DIRECTOR 40.00
Highest
$136,690 $27,449 $171,680
MELVIN MEDINA VICE PRESIDENT OF ADVOCACY & EXTERNAL 40.00
Highest
$82,664 $25,599 $168,012
JONATHAN CABRAL DIRECTOR 40.00
Highest
$137,033 $18,466 $163,081
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
2024 No data No data No data No data
2023 $1,148,997 $9,065,129 $23,524,599 $-7,916,132
2022 $33,500,265 $3,130,725 $30,991,305 $30,369,540
2021 $500,000 $157,847 $369,638 $342,153
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE CONNECTICUT PROJECT INC with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.