CONNECTICUT STATE BUILDING TRADES TRAINING INSTITUTE INC (EIN 874433919) - 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

2022

Legal Domicile

Principal Officer

KEITH BROTHERS

Phone

8608993448

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT STATE BUILDING TRADES TRAINING INSTITUTE INC, founded in 2022, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 623% from the prior year, signaling strong growth momentum. The organization ran a surplus of $651K, a strong 25% operating margin.

Mission

TO SUPPORT A CAREER PREPARATION MODEL COMBINING PRE-EMPLOYMENT PREPARATION VIA PRE-APPRENTICESHIP TRAINING PROGRAMS WITH DIRECT ENTRY INTO THE REGISTERED APPRENTICESHIP PROGRAM SYSTEM.

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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 $2,628,499

Program Service Revenue $0

Investment Income $4,882

Other Revenue $0

TOTAL REVENUE $2,633,381

Expense Breakdown

Grants Paid $943,760

Salaries & Benefits $646,055

Fundraising Expenses $0

Program Expenses $1,181,880

Other Expenses $392,097

TOTAL EXPENSES $1,981,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,633,381	$364,176	+6.2%
Expenses	$1,981,912	$266,308	+6.4%
Net Income	$651,469	$97,868	+5.7%

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

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

$163,145

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH BROTHERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
DUANE GATES	DIRECTOR (P)	1.00	Director	$0	$0	$0
JOSEPH P TONER	DIRECTOR	1.00	Director	$0	$26,950	$163,145
NATHANIEL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
THADDEUS GRABOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER COZZI	DIRECTOR	1.00	Director	$0	$0	$0
YOLANDA RIVERA	CTSBTTI DIRECTOR	40.00	Highest	$125,944	$30,630	$156,574

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	$2,633,381	$1,981,912	$783,620	$651,469
2022	$364,176	$266,308	$104,284	$97,868

CONNECTICUT STATE BUILDING TRADES TRAINING INSTITUTE INC