CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC

EIN: 933453430 501(c)(3) Public & Societal Benefit

HARTFORD, CT

Total Revenue
$426,702
Total Expenses
$417,358
Total Assets
$307,168
Net Assets
$141,322
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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
CT
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.

Program Service Accomplishments

Program 1
Expenses: $258,908 Revenue: $127,950

The Foundation advanced its mission to strengthen Connecticut's economy through statewide outreach, public education, and workforce research. In its first year, the organization conducted...

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The Foundation advanced its mission to strengthen Connecticut's economy through statewide outreach, public education, and workforce research. In its first year, the organization conducted foundational research and convened stakeholders across the state to identify key economic challenges. In the second year, it built on this work by carrying out targeted initiatives informed by that research, including launching a statewide manufacturing competition and developing a workforce blueprint to help address identified economic and talent needs.

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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%)

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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

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Governance

Voting Members
3
Independent Members
N/A
Employees
1
Volunteers
30

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
3
$893,008
Total Directors
3
$992,630
Key Employees
0
$0
Highest Compensated
0
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
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