Quinnipiac Chamber of Commerce Charitable Trust Inc

Nonprofit profile at a glance

EIN
743094442
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Wallingford, CT, USA
Phone
2032699891
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$6,091
Expenses
$2,404
Assets
$66,427
Liabilities
$3,875

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • DOMINIC SCARANO JR (TREASURER)
  • KRISTIE DAMMLING (SECRETARY)
  • DAVID RODRIGUEZ (CHAIRPERSON)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The quinnipiac chamber of commerce charitable trust inc.'s mission is to pursue the advancement and diffusion of knowledge and understanding of economics, education, training and other subjects related to both the quality and quantity of economic growth and employment opportunities.

What it reported doing in 2024

Connecticut health foundation (chf) to support local communities to develop a community strategy that will reduce the number of youths (age 6-14) at risk of entering either the juvenile justice system and/or the most intensive level of mental health treatment due to their behavioral health issues.

Operating model

Revenue model
Other-operating. 84% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 82
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 60.5%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 27.63; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -35.1% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -21.6% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -7% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2011 to 2024
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.