Conntac Inc
Conntac Inc: Consistent Revenue, Declining Assets, and Transparency Gaps
EIN: 222496290 · Meriden, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $839K |
| Total Expenses | $841K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $148K |
| Transparency Score | 65/100 |
Is Conntac Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Conntac Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Conntac Inc
Conntac Inc (EIN: 222496290) is a nonprofit organization based in Meriden, CT. The organization reported total revenue of $839K and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Conntac Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Conntac Inc is a small nonprofit that has been operating for 42 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $839K |
| Total Expenses | $841K |
| Surplus / Deficit | $-2,208 |
| Total Assets | $271K |
| Total Liabilities | $123K |
| Net Assets | $148K |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 45.3% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2022, Conntac Inc reported a deficit of $2K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 45.3% (moderate leverage).
Financial Trends
Over 11 years of filings (2011–2022), Conntac Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -0.4% | -0.3% | -0.7% |
| 2021 | +6.6% | +6.9% | -17.1% |
| 2020 | +0.8% | -3.3% | -2.0% |
| 2018 | +10.7% | +14.3% | +3.9% |
| 2017 | -11.9% | -12.9% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1984 |
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 Conntac Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Conntac Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses and warrants further inquiry into how leadership is compensated or if services are entirely volunteer-based.
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 Conntac Inc's IRS 990 filings:
- Consistent reporting of $0 for executive compensation (Form 990, Part VII, Section A) raises questions about the true cost of leadership or the accuracy of reporting.
- A steady decline in net assets from $349,467 in 2015 to $270,894 in 2022 suggests potential long-term financial sustainability challenges.
- Lack of detailed program expenditure breakdown beyond total expenses makes it difficult to assess program efficiency and impact.
Strengths
The following positive indicators were identified for Conntac Inc:
- Consistent revenue generation, with total revenue around $800,000 annually, indicates a stable funding base.
- Low liabilities relative to assets suggest a healthy balance sheet in terms of debt.
- The organization has maintained operations for many years, indicating resilience and established presence.
Frequently Asked Questions about Conntac Inc
Is Conntac Inc a legitimate charity?
Conntac Inc (EIN: 222496290) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 11 years of IRS 990 filings on record. Total revenue: $839K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Conntac Inc spend its money?
Conntac Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Conntac Inc tax-deductible?
Conntac Inc is registered as a tax-exempt nonprofit (EIN: 222496290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Conntac Inc CEO make?
Conntac Inc's highest-compensated officer earns $0 annually. The organization reported $839K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Conntac Inc's spending goes to programs?
Conntac Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Conntac Inc located?
Conntac Inc is headquartered in Meriden, Connecticut and files with the IRS under EIN 222496290.
How many years of IRS 990 filings does Conntac Inc have?
Conntac Inc has 11 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 $839K in total revenue.
What does Conntac Inc do?
Conntac Inc is a nonprofit organization in the Unknown sector, located in Meriden, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Conntac Inc have?
Conntac Inc reported total revenue of $839,250. Based on 11 IRS 990 filings on record.
What are Conntac Inc's total assets?
Conntac Inc holds total assets of $270,894 as reported in IRS 990 filings.
Where is Conntac Inc located?
Conntac Inc is based in Meriden, Connecticut.
What is Conntac Inc's EIN?
Conntac Inc's Employer Identification Number (EIN) is 222496290. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Conntac Inc?
Conntac Inc is classified under NTEE code Unknown (Unknown).
Is Conntac Inc a registered 501(c)(3)?
Conntac Inc appears in IRS records (EIN: 222496290). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Conntac Inc file IRS Form 990?
Yes, Conntac Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202206.
What was Conntac Inc's revenue in 2022?
In the 202206 filing period, Conntac Inc reported total revenue of $839,250, total expenses of $841,458, and net assets of $270,894.
Is Conntac Inc's revenue growing or declining?
Conntac Inc's revenue is relatively stable. Revenue went from $842,224 (202106) to $839,250 (202206), a -0.4% change. Based on 11 filings on record.
What is Conntac Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Conntac Inc covers tax period 202206. It shows revenue of $839,250, expenses of $841,458, total assets of $270,894, and liabilities of $122,788.
How much does Conntac Inc spend on programs vs administration?
Based on IRS 990 analysis, Conntac Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Conntac Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Conntac Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Conntac Inc?
The following concerns were identified: Consistent reporting of $0 for executive compensation (Form 990, Part VII, Section A) raises questions about the true cost of leadership or the accuracy of reporting.. A steady decline in net assets from $349,467 in 2015 to $270,894 in 2022 suggests potential long-term financial sustainability challenges.. Lack of detailed program expenditure breakdown beyond total expenses makes it difficult to assess program efficiency and impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Conntac Inc's strengths?
Positive indicators for Conntac Inc include: Consistent revenue generation, with total revenue around $800,000 annually, indicates a stable funding base.. Low liabilities relative to assets suggest a healthy balance sheet in terms of debt.. The organization has maintained operations for many years, indicating resilience and established presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Conntac Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses and warrants further inquiry into how leadership is compensated or if services are entirely volunteer-based. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does Conntac Inc. attract and retain leadership, and what is the actual operational cost associated with its management?
The consistent $0 executive compensation reported in filings (e.g., 202206: Form 990, Part VII, Section A) suggests either an entirely volunteer-led organization at the executive level or that compensation is being reported under different line items, which would require further clarification to understand the true management costs.
What factors are contributing to the continuous decline in net assets, and what strategies are in place to reverse this trend and ensure long-term financial health?
Net assets have decreased from $349,467 in 2015 to $270,894 in 2022. While expenses (e.g., $841,458 in 2022) are generally in line with revenue ($839,250 in 2022), the consistent decline suggests that the organization is not building reserves or that minor deficits are accumulating over time, impacting its overall financial resilience.
Filing History
IRS 990 filing history for Conntac Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Conntac Inc's revenue has grown by 13%, moving from $742K to $839K. Total assets decreased by 22.3% over the same period, from $349K to $271K. Total functional expenses rose by 13.7%, from $740K to $841K. In its most recent filing year (2022), Conntac Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $123K in liabilities against $271K in assets (debt-to-asset ratio: 45.3%), resulting in net assets of $148K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $839K | $841K | $271K | $123K | — | View 990 |
| 2021 | $842K | $844K | $273K | $219K | — | View 990 |
| 2020 | $790K | $789K | $329K | $213K | — | View 990 |
| 2018 | $784K | $816K | $336K | $223K | — | View 990 |
| 2017 | $708K | $715K | $323K | $179K | — | View 990 |
| 2016 | $803K | $821K | $288K | $139K | — | View 990 |
| 2015 | $727K | $739K | $349K | $182K | — | View 990 |
| 2014 | $723K | $742K | $310K | $132K | — | View 990 |
| 2013 | $861K | $824K | $348K | $153K | — | View 990 |
| 2012 | $651K | $643K | $440K | $283K | — | View 990 |
| 2011 | $742K | $740K | $349K | $199K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $839K, expenses of $841K, and assets of $271K (revenue -0.4% year-over-year).
- 2021: Revenue of $842K, expenses of $844K, and assets of $273K (revenue +6.6% year-over-year).
- 2020: Revenue of $790K, expenses of $789K, and assets of $329K (revenue +0.8% year-over-year).
- 2018: Revenue of $784K, expenses of $816K, and assets of $336K (revenue +10.7% year-over-year).
- 2017: Revenue of $708K, expenses of $715K, and assets of $323K (revenue -11.9% year-over-year).
- 2016: Revenue of $803K, expenses of $821K, and assets of $288K (revenue +10.5% year-over-year).
- 2015: Revenue of $727K, expenses of $739K, and assets of $349K (revenue +0.5% year-over-year).
- 2014: Revenue of $723K, expenses of $742K, and assets of $310K (revenue -16.0% year-over-year).
- 2013: Revenue of $861K, expenses of $824K, and assets of $348K (revenue +32.1% year-over-year).
- 2012: Revenue of $651K, expenses of $643K, and assets of $440K (revenue -12.3% year-over-year).
- 2011: Revenue of $742K, expenses of $740K, and assets of $349K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Conntac Inc:
Data Sources and Methodology
This transparency report for Conntac Inc 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.