CFA SOCIETY HARTFORD INC

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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

1976

Legal Domicile

Principal Officer

JOSEPH BACCASH

Phone

8608412815

Tax Period

2024-07-01 to 2025-06-30

CFA SOCIETY HARTFORD INC, founded in 1976, is a small nonprofit that reported $209K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $44K, a strong 21% operating margin.

Mission

TO PROMOTE PROFESSIONAL EDUCATION SERVICES AND ETHICS TO THE CFA MEMBERS THROUGH A VARIETY OF MONTHLY AND ANNUAL PROGRAMS AND CONFERENCES.

Program Service Accomplishments

Program 1

Expenses: $72,952 Revenue: $66,785

ORGANIZE ANNUAL FORECAST DINNER FOR LOCAL PROFESSIONALS TO PROVIDE INVESTMENT AND STRATEGIC OUTLOOK FOR THE UPCOMING YEAR

Program 2

Expenses: $91,904 Revenue: $48,360

ORGANIZE MONTHLY PROGRAMS AND CONFERENCES TO PROMOTE PROFESSIONAL EDUCATION AND ETHICS AMONG MEMBERS.

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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 $94,053

Program Service Revenue $87,438

Investment Income $27,707

Other Revenue $0

TOTAL REVENUE $209,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,856

Other Expenses $164,856

TOTAL EXPENSES $164,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,198	$189,050	+0.1%
Expenses	$164,856	$188,469	-0.1%
Net Income	$44,342	$581	+75.3%

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
RICHARD RAZZA	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOE BACCASH	TREASURER	5.00	Officer Director	$0	$0	$0
BENJAMIN LEVINE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KATHRYN PIZZI	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
IAN GREEN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JAMES NEWMAN	IMMEDIATE PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
RAY BOVICH	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHELLE ROTONDO	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
YI WEI	SECRETARY	4.00	Officer Director	$0	$0	$0
JULIANNA DALTON	VICE PRESIDENT	4.00	Officer 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
2025	$209,198	$164,856	$464,239	$44,342
2024	$189,050	$188,469	$399,108	$581
2023	$174,362	$177,845	$372,812	$-3,483
2022	$157,709	$187,268	$355,173	$-29,559
2021	$130,778	$93,353	$480,881	$37,425
2020	$194,484	$166,796	$370,551	$27,688
2019	$191,831	$198,198	$345,130	$-6,367