CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC (EIN 933453430) - 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

2023

Legal Domicile

Phone

8602441911

Tax Period

2024-07-01 to 2025-06-30

CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $427K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

TO IMPROVE CONNECTICUT'S ECONOMY, THEREBY CREATING OPPORTUNITIES AND IMPROVING THE LIVES OF ALL RESIDENTS.

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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 $239,727

Program Service Revenue $127,950

Investment Income $0

Other Revenue $59,025

TOTAL REVENUE $426,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,916

Fundraising Expenses $26,192

Program Expenses $258,908

Other Expenses $155,442

TOTAL EXPENSES $417,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,702	$228,738	+0.9%
Expenses	$417,358	$96,760	+3.3%
Net Income	$9,344	$131,978	-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

N/A

Employees

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

$893,008

Total Directors

$992,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christian L DiPentima	Director and President	2.0	Officer Director	$0	$49,039	$505,413
Mary Bergamo	Director and Treasurer	1.0	Officer Director	$0	$38,446	$284,931
Jose Dias	Director	2.0	Director	$0	$20,695	$202,286
Toni Holmes	Secretary	1.0	Officer	$0	$17,483	$102,664

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	$426,702	$417,358	$307,168	$9,344
2024	$228,738	$96,760	$224,705	$131,978

CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC