Connecticut Renaissance Inc Veba Trust
Connecticut Renaissance Inc Veba Trust shows consistent revenue, growing assets, and no reported officer compensation.
EIN: 204618170 · Shelton, CT · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $275K |
| Transparency Score | 85/100 |
Is Connecticut Renaissance Inc Veba Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Renaissance Inc Veba Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connecticut Renaissance Inc Veba Trust
Connecticut Renaissance Inc Veba Trust (EIN: 204618170) is a nonprofit organization based in Shelton, CT, classified under NTEE code Y43. The organization reported total revenue of $1.2M and total assets of $582K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Renaissance Inc Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Renaissance Inc Veba Trust is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$152K |
| Total Assets | $598K |
| Total Liabilities | $323K |
| Net Assets | $275K |
| Operating Margin | 12.6% |
| Debt-to-Asset Ratio | 54.0% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, Connecticut Renaissance Inc Veba Trust reported a surplus of $152K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 54.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Connecticut Renaissance Inc Veba Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | -2.7% | +46.7% |
| 2022 | +30.4% | +13.2% | +165.2% |
| 2021 | -10.9% | -6.8% | -27.1% |
| 2020 | -1.5% | -19.8% | +21.5% |
| 2019 | -12.4% | -2.7% | -58.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connecticut Renaissance Inc Veba Trust with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Connecticut Renaissance Inc Veba Trust allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $152K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization. This suggests a volunteer-led or externally compensated leadership structure, which is highly unusual for an organization with over $1 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Connecticut Renaissance Inc Veba Trust's IRS 990 filings:
- Consistent 0% officer compensation for an organization with over $1M in revenue may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Connecticut Renaissance Inc Veba Trust:
- Consistent financial surpluses in recent years, indicating sound financial management (e.g., 2023 revenue $1,201,305 vs. expenses $1,049,659).
- Significant growth in assets, from $153,614 in 2021 to $597,555 in 2023, enhancing financial stability.
- No reported officer compensation, suggesting a high dedication of funds to the organization's purpose.
- Long history of IRS 990 filings (13 filings), demonstrating strong transparency and compliance.
- Positive net asset growth, indicating increasing financial capacity and reserves.
Frequently Asked Questions about Connecticut Renaissance Inc Veba Trust
Is Connecticut Renaissance Inc Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Renaissance Inc Veba Trust (EIN: 204618170) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Connecticut Renaissance Inc Veba Trust spend its money?
Connecticut Renaissance Inc Veba Trust directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut Renaissance Inc Veba Trust tax-deductible?
Connecticut Renaissance Inc Veba Trust is registered as a tax-exempt nonprofit (EIN: 204618170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Connecticut Renaissance Inc Veba Trust CEO make?
Connecticut Renaissance Inc Veba Trust's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Connecticut Renaissance Inc Veba Trust's spending goes to programs?
Connecticut Renaissance Inc Veba Trust directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Connecticut Renaissance Inc Veba Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Connecticut Renaissance Inc Veba Trust is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Connecticut Renaissance Inc Veba Trust located?
Connecticut Renaissance Inc Veba Trust is headquartered in Shelton, Connecticut and files with the IRS under EIN 204618170. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Connecticut Renaissance Inc Veba Trust have?
Connecticut Renaissance Inc Veba Trust has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
How does Connecticut Renaissance Inc Veba Trust manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, compensated through a related entity, or that the compensation is structured in a way that is not reported as 'officer compensation' on the 990 form. Further investigation into their operational model would be needed to fully understand this.
What is the primary purpose of a 'VEBA Trust' and how does it relate to the NTEE code Y43?
A VEBA (Voluntary Employees' Beneficiary Association) Trust is typically established to provide health and welfare benefits to employees. NTEE code Y43 relates to 'Employee Benefits, Funds, and Services'. This suggests the organization's primary mission is to manage and provide benefits, which aligns with its financial stability and consistent revenue/expense patterns, rather than direct public service programs in the traditional sense.
Has the organization's financial health improved over the last five years?
Yes, the organization's financial health has improved significantly. Net assets (Assets - Liabilities) have grown from $21,676 in 2019 to $275,024 in 2023, demonstrating a substantial increase in financial reserves and stability.
Filing History
IRS 990 filing history for Connecticut Renaissance Inc Veba Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connecticut Renaissance Inc Veba Trust's revenue has grown by 7.2%, moving from $1.1M to $1.2M. Total assets increased by 109% over the same period, from $286K to $598K. Total functional expenses fell by 6.2%, from $1.1M to $1.0M. In its most recent filing year (2023), Connecticut Renaissance Inc Veba Trust reported a surplus of $152K, with revenue exceeding expenses. The organization holds $323K in liabilities against $598K in assets (debt-to-asset ratio: 54.0%), resulting in net assets of $275K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.0M | $598K | $323K | — | View 990 |
| 2022 | $1.2M | $1.1M | $407K | $284K | — | View 990 |
| 2021 | $921K | $953K | $154K | $152K | — | — |
| 2020 | $1.0M | $1.0M | $211K | $177K | — | — |
| 2019 | $1.0M | $1.3M | $173K | $152K | — | View 990 |
| 2018 | $1.2M | $1.3M | $415K | $168K | — | View 990 |
| 2017 | $1.2M | $1.2M | $498K | $138K | — | View 990 |
| 2016 | $1.1M | $1.2M | $557K | $150K | — | View 990 |
| 2015 | $1.6M | $1.3M | $670K | $128K | — | View 990 |
| 2014 | $1.9M | $1.6M | $429K | $197K | — | View 990 |
| 2013 | $1.6M | $1.7M | $76K | $193K | — | View 990 |
| 2012 | $1.4M | $1.6M | $124K | $80K | — | View 990 |
| 2011 | $1.1M | $1.1M | $286K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.0M, and assets of $598K (revenue +0.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $407K (revenue +30.4% year-over-year).
- 2021: Revenue of $921K, expenses of $953K, and assets of $154K (revenue -10.9% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $211K (revenue -1.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.3M, and assets of $173K (revenue -12.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $415K (revenue +3.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $498K (revenue +7.5% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $557K (revenue -34.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.3M, and assets of $670K (revenue -15.2% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.6M, and assets of $429K (revenue +24.1% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $76K (revenue +15.5% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.6M, and assets of $124K (revenue +20.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $286K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Renaissance Inc Veba Trust:
Data Sources and Methodology
This transparency report for Connecticut Renaissance Inc Veba Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.