Northwest Connecticut Community Foundation Inc
Nonprofit profile at a glance
- EIN
- 061565733
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Torrington, CT, USA
- Phone
- 8606261245
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $10,428,125
- Expenses
- $7,182,556
- Assets
- $176,335,982
- Liabilities
- $37,889,948
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- GUY ROVEZZI (President)
- Sandra Edelman (President)
Highest reported compensation
- GUY ROVEZZI (President): $252,503 total reported compensation
- Mikhael Wilkinson (Sr VP of financeOP): $138,191 total reported compensation
- Bradford Hoar (VP philanthropic): $135,740 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enrich the quality of life for residents of northwest Connecticut by inspiring local philanthropy, convening stakeholders in community welfare, strengthening the regional nonprofits network and fostering collaborative funding partnerships.
What it reported doing in 2025
Income and appreciation from investments, based on a total return approach, is distributed in the form of grants and scholarships annually to qualified public charities and students as chosen by the foundation's board of directors. In 2022, grants in the amount of $4,225,674 were awarded and financial assistance in the form of scholarships was provided in the amount of $266,925.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 83% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 68
- Accountability: 92
- Sustainability: 76
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.9%; rating input score 95
- Program expense ratio: 88.6%; rating input score 89
- Fundraising efficiency: $9.3 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 97%; rating input score 97; 37th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 86.7%; rating input score 87; 16th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.1%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 24.55; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 12.6%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 6.2% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: -2.4% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 8.3% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 94.9% of revenue deployed · 88.6% of spending went to programs
- Governance: 13 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.4M in reported program spending
- Leadership: top reported pay $253K · 21 people listed · 0 of 6 pay-setting controls reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 109 filed money-flow records
- Related organizations: 106 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.