THE CONNECTICUT PROJECT ACTION FUND INC (EIN 883389005) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

GARTH HARRIES

Phone

4759009210

Tax Period

2023-01-01 to 2023-12-31

THE CONNECTICUT PROJECT ACTION FUND INC, founded in 2022, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $254K, a strong 20% operating margin.

Mission

MOBILIZE TO ADVOCATE FOR SYSTEMS THAT BETTER THE LIVES OF LOW-INCOME AND ASSET-LIMITED 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,300,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,300,000

Expense Breakdown

Grants Paid $179,975

Salaries & Benefits $416,592

Fundraising Expenses $0

Program Expenses $907,441

Other Expenses $449,326

TOTAL EXPENSES $1,045,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,300,000	$566,500	+1.3%
Expenses	$1,045,893	$378,602	+1.8%
Net Income	$254,107	$187,898	+0.4%

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

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

$544,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE MANDEL	SECRETARY	0.00	Officer Director	$0	$0	$0
JESSE MACLACHLAN	TREASURER	0.00	Officer Director	$0	$0	$0
KICA MATOS	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
GARTH HARRIES	PRESIDENT AND CEO	4.00	Officer	$49,863	$61,781	$350,531
ADRIANA JOSEPH	CHIEF ADMINISTRATIVE OFFICER	4.00	Officer	$27,404	$11,603	$193,839
MIRELLISE VAZQUEZ	VICE PRESIDENT OF INVESTMENT	4.00	Highest	$19,433	$57,054	$281,810
JON CABRAL	DIRECTOR	4.00	Highest	$7,582	$18,462	$163,077
COURTNEY PARKERSON	DIRECTOR	4.00	Highest	$8,352	$56,207	$223,223
NORDIA SAVAGE	DIRECTOR	4.00	Highest	$7,541	$27,449	$171,680

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	$1,300,000	$1,045,893	$1,200,533	$254,107
2022	$566,500	$378,602	$236,500	$187,898

THE CONNECTICUT PROJECT ACTION FUND INC