CONNECTICUT INSTITUTE FOR COMMUNITIES INC (EIN 912187143) - 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

2003

Legal Domicile

Principal Officer

KATHERINE CURRAN

Phone

2037439760

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT INSTITUTE FOR COMMUNITIES INC, founded in 2003, is a mid-sized nonprofit in the Community Improvement sector that reported $41.9M in total revenue in fiscal year 2023.

Mission

A COMMUNITY DEVELOPMENT CORPORATION SERVING THE COMMUNITIES AND LOW-INCOME RESIDENTS OF WESTERN CONNECTICUT.

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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 $26,613,330

Program Service Revenue $14,800,015

Investment Income $142,585

Other Revenue $375,307

TOTAL REVENUE $41,931,237

Expense Breakdown

Grants Paid $2,831,063

Salaries & Benefits $25,515,017

Fundraising Expenses $68,311

Program Expenses $37,856,606

Other Expenses $13,217,041

TOTAL EXPENSES $41,563,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,931,237	$44,035,363	0.0%
Expenses	$41,563,121	$37,851,438	+0.1%
Net Income	$368,116	$6,183,925	-0.9%

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

522

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

$561,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHA MARHATTA	PHYSICIAN	38.00		$345,416	$10,508	$355,924
jennifer cohen	PHYSICIAN	38.00		$277,141	$25,342	$302,483
Amy Handler	Physician	38.00		$224,840	$23,779	$248,619
Gagandeep Chera	PHYSICIAN	38.00		$230,739	$7,715	$238,454
Cassandra Pitcher	Physician	38.00		$211,889	$12,617	$224,506
KATHERINE CURRAN Esq	CEO & President	50.00	Officer	$189,422	$6,683	$196,105
Elizabeth Martucci	CFO	50.00	Officer	$183,400	$5,883	$189,283
HOLLY SEKIGUCHI	ASST. SECRETARY	50.00	Officer	$101,563	$3,977	$105,540
Sabrina Ross	Asst. Secretary	50.00	Officer	$57,817	$12,667	$70,484
Bridget Zalcman	Director	1.00	Director	$0	$0	$0
DR FRANCIS J MUSKA PHD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
Jenna Nicol	Director	1.00	Director	$0	$0	$0
ELIZABETH CURILLO	Director	1.00	Director	$0	$0	$0
Charlotte Cilley MBA	Director	1.00	Director	$0	$0	$0
William Rilley CPA	Treasurer	1.00	Officer Director	$0	$0	$0
Mark Ouellette	Asst. Treasurer	1.00	Officer Director	$0	$0	$0
Mary Lou Torre MS	Director	1.00	Director	$0	$0	$0
ALAN CLAVETTE CPA	Director	1.00	Director	$0	$0	$0
EVA DURAN	Director	1.00	Director	$0	$0	$0
RICHARD MOLINARO	VICE CHAIR/DIR	1.00	Officer Director	$0	$0	$0
ELLEN BELL ESQ	CORP SECRET/DIR	1.00	Officer Director	$0	$0	$0
ANGEL SAQUINAULA	Director	1.00	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
2024	No data	No data	No data	No data
2023	$41,931,237	$41,563,121	$34,564,384	$368,116
2022	$44,035,363	$37,851,438	$34,087,197	$6,183,925
2021	$36,794,150	$33,163,705	$23,773,882	$3,630,445
2020	$31,823,972	$29,538,566	$20,484,346	$2,285,406
2019	$28,842,512	$28,213,012	$18,065,326	$629,500
2018	$24,987,964	$23,327,142	$18,618,324	$1,660,822

CONNECTICUT INSTITUTE FOR COMMUNITIES INC