CONNECT ED NY INC (EIN 881528347) - 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

DANIELLE MARTIN

Phone

3156249670

Tax Period

2024-01-01 to 2024-12-31

CONNECT ED NY INC, founded in 2022, is a community nonprofit in the Human Services sector that reported $3.9M in total revenue in fiscal year 2024.

Mission

CONNECT ED NY, INC. SERVES CHILDREN THROUGH YOUNG ADULTHOOD AND THEIR FAMILIES WHO ARE STRUGGLING WITH THE MOST BASIC OF NEEDS SUCH AS FOOD AND HOUSING INSECURITY TO COMPLEX MEDICAL/BEHAVIORAL/MENTAL HEALTH CONDITIONS ALL OF WHICH CREATE BARRIERS TO ACADEMIC SUCCESS. CONNECT ED NY, INC. WILL WORK CLOSELY WITH GOVERNMENT AGENCIES, COMMUNITY BASED ORGANIZATIONS AND SCHOOL DISTRICTS TO SERVE THESE STUDENTS AND FAMILIES THROUGH A ROBUST COMMUNITY SCHOOL MODEL CALLED CONNECTED COMMUNITY SCHOOLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $111,639

Program Service Revenue $3,769,693

Investment Income $15

Other Revenue $0

TOTAL REVENUE $3,881,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,516,353

Fundraising Expenses $0

Program Expenses $3,375,718

Other Expenses $1,594,781

TOTAL EXPENSES $4,111,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,881,347	$4,077,398	0.0%
Expenses	$4,111,134	$4,066,805	+0.0%
Net Income	$-229,787	$10,593	-22.7%

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

N/A

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

$278,268

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KEITH LEVATINO	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JOANNE JOSEPH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CURT PEARSALL	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL MUENCH	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA ROACH	DIRECTOR	1.00	Director	$0	$0	$0
MARIA LINDSAY	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
AMY OSBORNE	CHIEF FINANCIAL OFFICER	10.00	Officer	$0	$1,153	$138,592
DANIELLE MARTIN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$9,640	$139,676

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	$3,881,347	$4,111,134	$191,255	$-229,787
2023	$4,077,398	$4,066,805	$678,123	$10,593

CONNECT ED NY INC