Northwest Connecticut Chamber Education Foundation
Nonprofit profile at a glance
- EIN
- 208919128
- IRS 990-EZ coverage
- 2011–2025
- Forms available
- Form 990-EZ 2025
- Location
- Torrington, CT, USA
- Phone
- 8604826586
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education
Reported finances
- Revenue
- $10,700
- Expenses
- $11,848
- Assets
- $25,641
- Liabilities
- $13,533
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JoAnn Ryan (President & CEO)
- Ted Shafer (President & CEO)
People named in this filing
- JoAnn Ryan (President & CEO)
- Ted Shafer (President & CEO)
- Gina Bunch (Vice Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Educational activities in Northwest Connecticut
What it reported doing in 2025
The Foundation presents educational forums, small business development courses, entrepreneurial training, job training for displaced workers, leadership development programs, executive training, the Women of the World Forum, and school-to-career educational programs.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 63% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.9%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -10.7%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -8.8% per year; rating input score 0; 30th percentile among comparable filings
- Revenue growth: -10.2% per year; rating input score 0; 24th percentile among comparable filings
- Asset growth: -10% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $11K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.