NORTHEAST CONNECTICUT EDUCATION FOUNDATION (EIN 994721700) - 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

2024

Legal Domicile

Principal Officer

JOSEPH ADILETTA

Phone

8609284369

Tax Period

2024-08-14 to 2025-06-30

NORTHEAST CONNECTICUT EDUCATION FOUNDATION, founded in 2024, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. The organization ran a surplus of $6.3M, a strong 95% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND OTHER FINANCIAL SUPPORT TO RESIDENTS OF NORTHEAST CONNECTICUT WHO WANT TO PURSUE HIGHER EDUCATION.

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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 $6,628,505

Program Service Revenue $0

Investment Income $57,717

Other Revenue $930

TOTAL REVENUE $6,687,152

Expense Breakdown

Grants Paid $274,957

Salaries & Benefits $22,759

Fundraising Expenses $0

Program Expenses $348,058

Other Expenses $50,342

TOTAL EXPENSES $348,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,687,152	N/A	N/A
Expenses	$348,058	N/A	N/A
Net Income	$6,339,094	N/A	N/A

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

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
JOSEPH ADILETTA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARC ARCHAMBAULT	DIRECTOR	1.00	Director	$0	$0	$0
BILL BROWER	DIRECTOR	1.00	Director	$0	$0	$0
PAM BROWN	DIRECTOR	1.00	Director	$0	$0	$0
PETER DEARY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EDDIE GRAFF	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY HAINES	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MARKLEY	DIRECTOR	1.00	Director	$0	$0	$0
GAIL ROOKE-NORMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANA ROSE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN SARANTOPOULOS	TREASURER	1.00	Officer Director	$0	$0	$0
ELLE-JORDYN SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
DENZEL WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WOLFBURG	COORDINATOR	1.00	Director	$0	$0	$0
JOHN XELLER	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
2025	$6,687,152	$348,058	$6,802,424	$6,339,094

NORTHEAST CONNECTICUT EDUCATION FOUNDATION