Civic Intelligence

Tri-County Arc Inc

990 • Fiscal year 2017 • EIN 22-2542391

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

40 Hale StreetVernon, CT 06066

(860) 886-6900

Siviq Scores

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

Liabilities / Assets

96th percentile

1.29x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.33x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

31st percentile

-1.9%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

3rd percentile

-24%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-7.5%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,955,539

Down $614,306 (-24%) from 2016

Net Assets

Down

-$572,237

Down $146,361 (-34%) from 2016

Liabilities

Down

$2,527,776

Down $467,945 (-16%) from 2016

Revenue

Down

$7,565,490

Down $615,982 (-7.5%) from 2016

Expenses

Down

$7,711,851

Down $495,700 (-6.0%) from 2016

Net Income

Down

-$146,361

Down $120,282 (-461%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $2,586,103Liabilities 2010: $2,565,661Net Assets 2010: $20,4422010Assets 2011: $2,441,573Liabilities 2011: $2,238,182Net Assets 2011: $203,3912011Assets 2012: $2,550,293Liabilities 2012: $2,404,505Net Assets 2012: $145,7882012Assets 2013: $2,558,211Liabilities 2013: $2,811,627Net Assets 2013: -$253,4162013Assets 2014: $2,459,544Liabilities 2014: $2,852,651Net Assets 2014: -$393,1072014Assets 2015: $2,397,868Liabilities 2015: $2,797,665Net Assets 2015: -$399,7972015Assets 2016: $2,569,845Liabilities 2016: $2,995,721Net Assets 2016: -$425,8762016Assets 2017: $1,955,539Liabilities 2017: $2,527,776Net Assets 2017: -$572,2372017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$1,955,539
Liabilities$2,527,776
Net Assets-$572,237

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $6,726,0782010Expenses 2011: $7,123,0252011Expenses 2012: $8,370,2862012Expenses 2013: $9,104,4302013Revenue 2014: $8,598,352Expenses 2014: $8,738,043Net Income 2014: -$139,6912014Revenue 2015: $8,347,111Expenses 2015: $8,353,801Net Income 2015: -$6,6902015Revenue 2016: $8,181,472Expenses 2016: $8,207,551Net Income 2016: -$26,0792016Revenue 2017: $7,565,490Expenses 2017: $7,711,851Net Income 2017: -$146,3612017Revenue 2018: $2,316,821Expenses 2018: $1,892,765Net Income 2018: $424,0562018

Highlighted filing

2017

Revenue$7,565,490
Expenses$7,711,851
Net Income-$146,361
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$7,765,379
Mission and Program Overview

Mission

Tri-County Arc's mission is to enhance the lives of people with disabilities by providing individualized support that promotes self-reliance at home, at work and in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,411,297$1,120,545▼ $290,752
Accounts Receivable$611,480$504,793▼ $106,687
Prepaid Expenses and Deferred Charges$267,004$231,451▼ $35,553
Cash and Non-Interest-Bearing Accounts$221,623$44,383▼ $177,240
Total Assets$2,569,845$1,955,539▼ $614,306
Other Assets Total$58,441$54,367▼ $4,074
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,876,922$1,609,780▼ $267,142
Accounts Payable and Accrued Expenses$1,019,094$826,760▼ $192,334
Deferred Revenue$99,705$91,236▼ $8,469
Total Liabilities$2,995,721$2,527,776▼ $467,945
Net Assets / Fund Balance
Unrestricted Net Assets$-425,876$-572,237▼ $146,361
Total Net Assets Fund Balance$-425,876$-572,237▼ $146,361
Total Liabilities and Net Assets / Fund Balance$2,569,845$1,955,539▼ $614,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$561,670$1,154,259$1,715,929
Other Land Buildings$57,526$449,660$507,186
Leasehold Improvements$221,111$195,852$416,963
Land$263,836-$263,836
Equipment$16,402$160,419$176,821
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven MoriarityPresident
Richard W Allen IIIVice President
Timothea M Stathers CPADirector
Sheila CordockExecutive Director
Lee WilliamsSecretary
Steven HarringtonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,161,280
Program Service Revenue
$2,490,526
Investment Income
$-90,063
Other Revenue
$3,747
All Other Contributions
$23,978
Change in Net Assets
$-146,361

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,565,490
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,565,490
Total Revenue per Form 990
$7,565,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,222,624
Other Expenses$2,489,227
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,814,653$132,371-$3,947,024
Payroll Taxes$756,011$26,230-$782,241
Other Employee Benefits$425,069$14,748-$439,817
Occupancy$308,207$7,784-$315,991
Fees for Services Other$260,751$4,933-$265,684
Travel$232,646$2,118-$234,764
All Other Expenses$150,547$63,217-$213,764
Fees for Services Management-$204,000-$204,000
Depreciation Depletion$120,873$8,282-$129,155
Other Expenses$91,025$3,743-$94,768
Interest$61,298$30,976-$92,274
Fees for Services Accounting-$75,900-$75,900
Pension Plan Contributions$51,748$1,794-$53,542
Insurance$21,209$13,603-$34,812
Fees for Services Legal-$31,520-$31,520
Office Expenses-$4,789-$4,789
Total Functional Expenses$7,085,843$626,008$0$7,711,851

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,711,851
Total Expenses per Audited Statements$7,711,851
Total Expenses per Form 990$7,711,851
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

THE ORGANIZATION HAS DELEGATED MANAGEMENT FUNCTIONS including the executive director duties TO WHOLE LIFE, INC. WHOLE LIFE, INC. RECEIVED $204,000 FOR THEIR SERVICES.

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

each member of the board of directors receives a copy of the 990 for review before filing.

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

the policy is monitored by the board of directors annually.

Form 990, Part VI, Section B, line 15

a salary schedule has been established based on job description, comparison to the bi-annual salary survey completed by the ct community providers association and the board's review of budgetary constraints. administrators are then given salaries based on qualification, experience and availability of funds.

Form 990, Part VI, Section C, line 19

all governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Tri-County ARC Inc
EIN
22-2542391
Phone
8608866900
Address
40 Hale Street, Vernon, CT 06066

Signing Officer

Name
Sheila Cordock
Title
Executive Director
Phone
8608866900
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheila Cordock
Formed
1987
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
5
Employees
263
Volunteers
0

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 XII, line 2C

There have been no changes to the organization's oversight or selection processes during the tax year.

Financial Statement Notes

Part X, Line 2:

the organization has no unrecognized tax benefits at june 30, 2017 and 2016. the organization's federal information returns prior to fiscal year 2014 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rullings. if the organization has unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the statement of financial position.

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IRS990/PYOtherRevenueAmt0-7868
IRS990/PYProgramServiceRevenueAmt02609623
IRS990/PYRevenuesLessExpensesAmt0-26079
IRS990/PYSalariesCompEmpBnftPaidAmt05663803
IRS990/PYTotalExpensesAmt08207551
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08181472
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-146361
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01876507
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0fundraising - 2012 Amount: $ 11,325. 2013 Amount: $ 6,716. 2014 Amount: $ 2,350. 2015 Amount: $ 5,693. 2016 Amount: $ 0. MISCELLANEOUS REVENUE - 2016 Amount: $ 3,747.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05161280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05579084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06012906
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06075802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05678916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt028507988
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0591
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0633
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0519
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0428
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0476
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02647
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt012980296
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03747
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05693
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06716
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt011325
IRS990ScheduleA/OtherIncome170Grp/TotalAmt029831
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99890
IRS990ScheduleA/PublicSupportPY170Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt028507988
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05161280
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05579084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06012906
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06075802
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05678916
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt028507988
IRS990ScheduleA/TotalSupportAmt028540466
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0561670
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01154259
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01715929
IRS990ScheduleD/EquipmentGrp/BookValueAmt016402
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0160419
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0176821
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07711851
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0263836
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0263836
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0221111
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0195852
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0416963
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt057526
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0449660
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0507186
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07565490
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0the organization has no unrecognized tax benefits at june 30, 2017 and 2016. the organization's federal information returns prior to fiscal year 2014 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rullings. if the organization has unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the statement of financial position.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01120545
IRS990ScheduleD/TotalExpensesPerForm990Amt07711851
IRS990ScheduleD/TotalRevenuePerForm990Amt07565490
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07565490
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07711851
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DELEGATED MANAGEMENT FUNCTIONS including the executive director duties TO WHOLE LIFE, INC. WHOLE LIFE, INC. RECEIVED $204,000 FOR THEIR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1each member of the board of directors receives a copy of the 990 for review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2the policy is monitored by the board of directors annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3a salary schedule has been established based on job description, comparison to the bi-annual salary survey completed by the ct community providers association and the board's review of budgetary constraints. administrators are then given salaries based on qualification, experience and availability of funds.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4all governing documents are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE HAVE BEEN NO CHANGES TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5form 990, part xii, line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02569845
IRS990/TotalAssetsEOYAmt01955539
IRS990/TotalAssetsGrp/BOYAmt02569845
IRS990/TotalAssetsGrp/EOYAmt01955539
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05161280
IRS990/TotalEmployeeCnt0263
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0626008
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07085843
IRS990/TotalFunctionalExpensesGrp/TotalAmt07711851
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02995721
IRS990/TotalLiabilitiesEOYAmt02527776
IRS990/TotalLiabilitiesGrp/BOYAmt02995721
IRS990/TotalLiabilitiesGrp/EOYAmt02527776
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-425876
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-572237
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt07085843
IRS990/TotalProgramServiceRevenueAmt02490526
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-90063
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02494273
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07565490

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