Civic Intelligence

Thames Valley Council for Community Action Inc.

990 • Fiscal year 2024 • EIN 06-0806128

Apr 01, 2023 to Mar 31, 2024 • Filed on Sep 26, 2024

1 Sylvandale RoadJewett City, CT 06351

(860) 889-1365

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.66x

Higher debt load relative to assets than 82% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.25x

Higher debt load relative to revenue than 46% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

32nd percentile

-1.0%

Higher net margin than 32% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$288,897

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-9.0%

Faster revenue growth than 18% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,993,614

Up $1,730,094 (+13%) from 2023

Net Assets

Down

$5,035,424

Down $396,811 (-7.3%) from 2023

Liabilities

Up

$9,958,190

Up $2,126,905 (+27%) from 2023

Revenue

Down

$40,548,192

Down $4,005,478 (-9.0%) from 2023

Expenses

Down

$40,945,003

Down $3,909,622 (-8.7%) from 2023

Net Income

Down

-$396,811

Down $95,856 (-32%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $12,789,799Liabilities 2011: $8,872,109Net Assets 2011: $3,917,6902011Assets 2012: $13,302,501Liabilities 2012: $9,488,467Net Assets 2012: $3,814,0342012Assets 2013: $12,433,399Liabilities 2013: $8,612,029Net Assets 2013: $3,821,3702013Assets 2014: $12,365,926Liabilities 2014: $8,102,936Net Assets 2014: $4,262,9902014Assets 2015: $12,911,592Liabilities 2015: $8,179,631Net Assets 2015: $4,731,9612015Assets 2016: $13,142,964Liabilities 2016: $7,759,107Net Assets 2016: $5,383,8572016Assets 2017: $12,532,796Liabilities 2017: $7,341,552Net Assets 2017: $5,191,2442017Assets 2018: $12,763,577Liabilities 2018: $7,386,069Net Assets 2018: $5,377,5082018Assets 2019: $12,034,334Liabilities 2019: $6,698,567Net Assets 2019: $5,335,7672019Assets 2020: $11,404,406Liabilities 2020: $6,509,303Net Assets 2020: $4,895,1032020Assets 2021: $13,428,955Liabilities 2021: $8,422,743Net Assets 2021: $5,006,2122021Assets 2022: $13,514,685Liabilities 2022: $7,781,495Net Assets 2022: $5,733,1902022Assets 2023: $13,263,520Liabilities 2023: $7,831,285Net Assets 2023: $5,432,2352023Assets 2024: $14,993,614Liabilities 2024: $9,958,190Net Assets 2024: $5,035,4242024Assets 2025: $13,595,808Liabilities 2025: $9,118,868Net Assets 2025: $4,476,9402025

Highlighted filing

2024

Assets$14,993,614
Liabilities$9,958,190
Net Assets$5,035,424

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $29,682,6472011Expenses 2012: $26,133,4692012Revenue 2013: $27,066,649Expenses 2013: $27,060,826Net Income 2013: $5,8232013Revenue 2014: $26,980,540Expenses 2014: $26,539,044Net Income 2014: $441,4962014Revenue 2015: $27,203,265Expenses 2015: $26,734,294Net Income 2015: $468,9712015Revenue 2016: $26,112,521Expenses 2016: $25,628,705Net Income 2016: $483,8162016Revenue 2017: $26,493,169Expenses 2017: $26,685,782Net Income 2017: -$192,6132017Revenue 2018: $26,284,575Expenses 2018: $26,098,311Net Income 2018: $186,2642018Revenue 2019: $26,336,979Expenses 2019: $26,378,720Net Income 2019: -$41,7412019Revenue 2020: $27,407,631Expenses 2020: $27,848,295Net Income 2020: -$440,6642020Revenue 2021: $29,542,931Expenses 2021: $29,431,822Net Income 2021: $111,1092021Revenue 2022: $42,090,218Expenses 2022: $41,363,240Net Income 2022: $726,9782022Revenue 2023: $44,553,670Expenses 2023: $44,854,625Net Income 2023: -$300,9552023Revenue 2024: $40,548,192Expenses 2024: $40,945,003Net Income 2024: -$396,8112024Revenue 2025: $39,496,187Expenses 2025: $40,054,671Net Income 2025: -$558,4842025

Highlighted filing

2024

Revenue$40,548,192
Expenses$40,945,003
Net Income-$396,811
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Sep 26, 2024
Return Version
2023v5.1
Gross Receipts
$40,548,192
Mission and Program Overview

Mission

To increase self sufficiency and economic security for low income individuals and families in eastern connecticut through a broad spectrum of community based collaborations, promoting community awareness and providing comprehensive, quality services

To address systemic and structural barriers that cause poverty for families and individuals in eastern connecticut by focusing community resources, partnerships, and services on the social determinants of health and wellbeing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,759,633$4,690,482▲ $1,930,849
Land, Buildings, and Equipment, Net$4,645,492$4,368,013▼ $277,479
Savings and Temporary Cash Investments$2,306,187$3,420,109▲ $1,113,922
Cash and Non-Interest-Bearing Accounts$3,231,581$2,239,859▼ $991,722
Prepaid Expenses and Deferred Charges$320,627$185,886▼ $134,741
Inventories for Sale or Use-$89,265-
Total Assets$13,263,520$14,993,614▲ $1,730,094
Liabilities
Accounts Payable and Accrued Expenses$2,469,539$4,362,791▲ $1,893,252
Tax Exempt Bond Liabilities$3,498,140$3,232,564▼ $265,576
Deferred Revenue$1,863,606$2,362,835▲ $499,229
Total Liabilities$7,831,285$9,958,190▲ $2,126,905
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,053,030$3,831,809▼ $221,221
Net Assets With Donor Restrictions$1,379,205$1,203,615▼ $175,590
Total Net Assets Fund Balance$5,432,235$5,035,424▼ $396,811
Total Liabilities and Net Assets / Fund Balance$13,263,520$14,993,614▲ $1,730,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,787,860$7,430,586$11,218,446
Other Land Buildings$184,223$1,338,031$1,522,254
Equipment$157,819$746,425$904,244
Leasehold Improvements$25,611$348,872$374,483
Land$212,500-$212,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah MonahanOutgoing CEOFT$231,151$57,746$288,897
Brian VanasseChief Financial OfficerFT$141,544$54,836$196,380
Thomas SullivanSenior Director FinanceFT$109,737$25,483$135,220
Megan BrownChief Operations OfficerFT$104,357$14,099$118,456
Jay ConollyChief Human Resource OfficerFT$105,954$2,266$108,220

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Nutmeg ConsultingSoftware Development/supplies35 PHILMACK DR SUITE 206, Middletown, CT 06457$169,234
Revenue and Support

Revenue Composition

Contributions and Grants
$37,985,790
Program Service Revenue
$1,917,043
Investment Income
$130,700
Other Revenue
$514,659
All Other Contributions
$817,056
Change in Net Assets
$-396,811

Audited Revenue Reconciliation

Revenue per Audited Statements
$40,548,192
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$198,273
Total Revenue per Audited Statements
$40,746,465
Total Revenue per Form 990
$40,548,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,648,478
Grants and Similar Amounts Paid$14,186,317
Other Expenses$10,110,208
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$14,186,317--$14,186,317
Other Salaries and Wages$10,055,101$1,562,340-$11,617,441
Fees for Services Other$4,958,021$2,711-$4,960,732
Other Employee Benefits$2,315,816$366,860-$2,682,676
Office Expenses$1,119,957$273,926-$1,393,883
Payroll Taxes$1,068,705$208,676-$1,277,381
Depreciation Depletion$539,079$46,634-$585,713
Pension Plan Contributions$489,127$95,507-$584,634
Current Officers, Directors, Trustees, and Key Employees-$486,346-$486,346
Travel$202,719$18,487-$221,206
Occupancy$192,876$26,131-$219,007
Insurance$97,348$110,681-$208,029
Fees for Services Accounting-$127,298-$127,298
Interest$82,560$17,119-$99,679
Other Expenses$76,536$15,135-$91,671
Advertising$55,642$31,596-$87,238
All Other Expenses$2,847,700$-2,767,070-$80,630
Information Technology$31,044$17,628-$48,672
Fees for Services Legal$13,352$7,582-$20,934
Total Functional Expenses$39,838,599$1,106,404$0$40,945,003

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$41,143,276
Expenses per Audited Statements$40,945,003
Total Expenses per Form 990$40,945,003
Expenses Not Reported on Form 990$198,273
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
BState of Connecticut Health and Educational Facility2015-04-01$2,465,000Refund of oct 2008 series g new london facility child care facility
CState of Connecticut Health and Educational Facility2021-06-01$2,225,000Series 2021 refund of 2001 and 2003 chefa bond issues taftville
AState of Connecticut Health and Educational Facility2021-06-01$1,325,000Series 2021 refund of 2001 and 2003 chefa bond issues vernon and windham

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$2,465,000$2,465,000$645,000-
C$2,225,000$2,225,000$1,253,495-
A$1,325,000$1,325,000$883,940-

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by public accounting firm with information provided by management form 990 is reviewed and approved by management and the audit committee. A copy of the form 990 that is ultimately filed is provided to the entire board prior to filing.

Form 990, Part VI, Section B, Line 12C

All board of trustee members sign a conflict of interest confirmation annually.

Form 990, Part VI, Section B, Line 15A

Executive compensation is determined by the board of trustees annually.

Form 990, Part VI, Section C, Line 19

The governing documents, financial statements, and form 990 will be made available upon request.

Filing and Contact Details

Filer

Filer Name
Thames Valley Council for Community
EIN
06-0806128
Phone
8608891365
Address
1 SYLVANDALE ROAD, JEWETT CITY, CT 06351

Signing Officer

Name
Joshua Kelly
Title
CEO
Phone
8608891365
Signed
2024-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Kelly
Formed
1965
Legal Domicile
Ct
Voting Board Members
21
Independent Board Members
21
Employees
410
Volunteers
931

Preparer

Firm
Cohnreznick Llp
Address
350 CHURCH STREET 12TH FLOOR, HARTFORD, CT 06103
Preparer
Paul Ballasy
Phone
9592007000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractual services & other fees: program service expenses 4,958,021. Management and general expenses 2,711. Fundraising expenses 0. Total expenses 4,960,732.

Financial Statement Notes

PART X, LINE 2:

The llc reports all of its activities, including any unrelated business income, on tvcca's federal and state information returns. Management has analyzed the tax positions taken by tvcca and has concluded that, as of march 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Tvcca's federal and state information returns prior to fiscal year 2020 are closed and management continually evaluates expiring statues of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If applicable, tvcca will recognize interest and penalties associated with uncertain tax provisions as part of the income tax provision and includes accrued interest and penalties with the related tax liability in the in the consolidated statements of financial position. No provisions for unrelated business income taxes was recorded for the years ended march 31, 2024 and 2023.

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IRS990/Form990PartVIISectionAGrp/PersonNm4CINDY BEAUREGARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7OUTGOING TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECOND VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15FIRST VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt23OUTGOING CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt24CEO AS OF 10/23
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF HUMAN RESOURCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27SENIOR DIRECTOR FINANCE
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IRS990/Form990TFiledInd01
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd00
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IRS990/InsuranceGrp/ProgramServicesAmt097348
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO INCREASE SELF SUFFICIENCY AND ECONOMIC SECURITY FOR LOW INCOME INDIVIDUALS AND FAMILIES IN EASTERN CONNECTICUT THROUGH A BROAD SPECTRUM OF COMMUNITY BASED COLLABORATIONS, PROMOTING COMMUNITY AWARENESS AND PROVIDING COMPREHENSIVE, QUALITY SERVICES
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IRS990/OfficeExpensesGrp/ProgramServicesAmt01119957
IRS990/OfficeExpensesGrp/TotalAmt01393883
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MATERIAL AND SUPPLIES
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE AND GENE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt242248
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt315135
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IRS990/OtherExpensesGrp/ProgramServicesAmt1827917
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IRS990/OtherExpensesGrp/ProgramServicesAmt376536
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IRS990/OtherExpensesGrp/TotalAmt1805718
IRS990/OtherExpensesGrp/TotalAmt2116647
IRS990/OtherExpensesGrp/TotalAmt391671
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherRevenueMiscGrp/Desc0DEBT SERVICE
IRS990/OtherRevenueMiscGrp/Desc1IT PROGRAMMING SERVICES
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.6$9.12$4.48$39.5$40.1$0.56
2024Detailed filing. Detailed filing data is available for this year.$15.0$9.96$5.04$40.5$40.9$0.40
2023Detailed filing. Detailed filing data is available for this year.$13.3$7.83$5.43$44.6$44.9$0.30
2022Detailed filing. Detailed filing data is available for this year.$13.5$7.78$5.73$42.1$41.4$0.73
2021Detailed filing. Detailed filing data is available for this year.$13.4$8.42$5.01$29.5$29.4$0.11
2020Detailed filing. Detailed filing data is available for this year.$11.4$6.51$4.90$27.4$27.8$0.44
2019Detailed filing. Detailed filing data is available for this year.$12.0$6.70$5.34$26.3$26.4$0.04
2018Detailed filing. Detailed filing data is available for this year.$12.8$7.39$5.38$26.3$26.1$0.19
2017Detailed filing. Detailed filing data is available for this year.$12.5$7.34$5.19$26.5$26.7$0.19
2016Detailed filing. Detailed filing data is available for this year.$13.1$7.76$5.38$26.1$25.6$0.48
2015Detailed filing. Detailed filing data is available for this year.$12.9$8.18$4.73$27.2$26.7$0.47
2014Detailed filing. Detailed filing data is available for this year.$12.4$8.10$4.26$27.0$26.5$0.44
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$8.61$3.82$27.1$27.1$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$9.49$3.81$26.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$8.87$3.92$29.7
Peer Organizations

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