Nami Of Connecticut Incorporated
NAMI of Connecticut: Strong Mission, Financial Volatility
EIN: 222605701 · West Hartford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $914K |
| Total Expenses | $841K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $436K |
| Transparency Score | 85/100 |
Is Nami Of Connecticut Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nami Of Connecticut Incorporated directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nami Of Connecticut Incorporated
Nami Of Connecticut Incorporated (EIN: 222605701) is a nonprofit organization based in West Hartford, CT. The organization reported total revenue of $914K and total assets of $694K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nami Of Connecticut Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nami Of Connecticut Incorporated is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $831K |
| Total Expenses | $841K |
| Surplus / Deficit | $-9,955 |
| Total Assets | $771K |
| Total Liabilities | $336K |
| Net Assets | $436K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 43.5% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, Nami Of Connecticut Incorporated reported a deficit of $10K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 43.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nami Of Connecticut Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +37.0% | +27.4% |
| 2022 | -24.4% | -10.4% | +28.7% |
| 2021 | +21.4% | -7.9% | +85.2% |
| 2020 | -6.7% | -13.3% | +145.3% |
| 2019 | -3.5% | -1.4% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Nami Of Connecticut Incorporated 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Nami Of Connecticut Incorporated 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.5%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is unusual for an organization of its size and 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 Nami Of Connecticut Incorporated's IRS 990 filings:
- Consistent reporting of $0 compensation for all key personnel across multiple years (e.g., 2023, 2022, 2021) raises questions about how leadership is compensated or if this is a reporting anomaly.
- Significant fluctuations in net assets, from $102,314 in 2017 to $693,621 in 2023, indicate financial volatility or significant changes in asset management.
- Expenses exceeded revenue in several years (e.g., 2019, 2016), suggesting periods of deficit spending.
Strengths
The following positive indicators were identified for Nami Of Connecticut Incorporated:
- Strong revenue growth from $725,676 in 2022 to $830,772 in 2023, indicating increasing support.
- Net assets have shown substantial growth in recent years, from $254,230 in 2020 to $693,621 in 2023, improving financial stability.
- The organization consistently reports a low liability-to-asset ratio, indicating good financial health regarding debt.
Frequently Asked Questions about Nami Of Connecticut Incorporated
Is Nami Of Connecticut Incorporated a legitimate charity?
Nami Of Connecticut Incorporated (EIN: 222605701) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $914K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Nami Of Connecticut Incorporated spend its money?
Nami Of Connecticut Incorporated directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Nami Of Connecticut Incorporated tax-deductible?
Nami Of Connecticut Incorporated is registered as a tax-exempt nonprofit (EIN: 222605701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nami Of Connecticut Incorporated CEO make?
Nami Of Connecticut Incorporated's highest-compensated officer earns $0 annually. The organization reported $914K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nami Of Connecticut Incorporated's spending goes to programs?
Nami Of Connecticut Incorporated directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nami Of Connecticut Incorporated located?
Nami Of Connecticut Incorporated is headquartered in West Hartford, Connecticut and files with the IRS under EIN 222605701.
How many years of IRS 990 filings does Nami Of Connecticut Incorporated have?
Nami Of Connecticut Incorporated 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 $914K in total revenue.
What does Nami Of Connecticut Incorporated do?
Nami Of Connecticut Incorporated is a nonprofit organization in the Unknown sector, located in West Hartford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Nami Of Connecticut Incorporated have?
Nami Of Connecticut Incorporated reported total revenue of $913,916. Based on 13 IRS 990 filings on record.
What are Nami Of Connecticut Incorporated's total assets?
Nami Of Connecticut Incorporated holds total assets of $693,621 as reported in IRS 990 filings.
Where is Nami Of Connecticut Incorporated located?
Nami Of Connecticut Incorporated is based in West Hartford, Connecticut.
What is Nami Of Connecticut Incorporated's EIN?
Nami Of Connecticut Incorporated's Employer Identification Number (EIN) is 222605701. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Nami Of Connecticut Incorporated?
Nami Of Connecticut Incorporated is classified under NTEE code Unknown (Unknown).
Is Nami Of Connecticut Incorporated a registered 501(c)(3)?
Nami Of Connecticut Incorporated appears in IRS records (EIN: 222605701). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Nami Of Connecticut Incorporated file IRS Form 990?
Yes, Nami Of Connecticut Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Nami Of Connecticut Incorporated's revenue in 2023?
In the 202306 filing period, Nami Of Connecticut Incorporated reported total revenue of $830,772, total expenses of $840,727, and net assets of $771,484.
Is Nami Of Connecticut Incorporated's revenue growing or declining?
Nami Of Connecticut Incorporated's revenue is growing. Revenue went from $725,676 (202206) to $830,772 (202306), a +14.5% change. Based on 13 filings on record.
What is Nami Of Connecticut Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Nami Of Connecticut Incorporated covers tax period 202306. It shows revenue of $830,772, expenses of $840,727, total assets of $771,484, and liabilities of $335,740.
How much does Nami Of Connecticut Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Nami Of Connecticut Incorporated allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Nami Of Connecticut Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Nami Of Connecticut Incorporated appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Nami Of Connecticut Incorporated?
The following concerns were identified: Consistent reporting of $0 compensation for all key personnel across multiple years (e.g., 2023, 2022, 2021) raises questions about how leadership is compensated or if this is a reporting anomaly.. Significant fluctuations in net assets, from $102,314 in 2017 to $693,621 in 2023, indicate financial volatility or significant changes in asset management.. Expenses exceeded revenue in several years (e.g., 2019, 2016), suggesting periods of deficit spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Nami Of Connecticut Incorporated's strengths?
Positive indicators for Nami Of Connecticut Incorporated include: Strong revenue growth from $725,676 in 2022 to $830,772 in 2023, indicating increasing support.. Net assets have shown substantial growth in recent years, from $254,230 in 2020 to $693,621 in 2023, improving financial stability.. The organization consistently reports a low liability-to-asset ratio, indicating good financial health regarding debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Nami Of Connecticut Incorporated compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is unusual for an organization of its size and revenue. 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 compensation for all key personnel, how does NAMI of Connecticut attract and retain leadership, and what is the actual mechanism for compensating its executive team?
The filings consistently show $0 for compensation to officers, directors, trustees, and key employees. This could imply that leadership is entirely volunteer-based, compensated through a related entity not disclosed in these specific sections, or that the reporting method requires clarification. Further inquiry into their operational structure and compensation policies is needed.
What factors contributed to the significant increase in net assets from $254,230 in 2020 to $693,621 in 2023, and how does the organization plan to leverage these increased assets for its mission?
The substantial growth in net assets suggests either significant fundraising success, efficient expense management, or perhaps a large one-time donation or investment gain. Understanding the specific drivers of this growth and the strategic allocation of these increased assets would provide insight into their future programmatic impact.
Filing History
IRS 990 filing history for Nami Of Connecticut Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nami Of Connecticut Incorporated's revenue has declined by 13.4%, moving from $959K to $831K. Total assets increased by 785.3% over the same period, from $87K to $771K. Total functional expenses fell by 13.7%, from $974K to $841K. In its most recent filing year (2023), Nami Of Connecticut Incorporated reported a deficit of $10K, with expenses exceeding revenue. The organization holds $336K in liabilities against $771K in assets (debt-to-asset ratio: 43.5%), resulting in net assets of $436K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $831K | $841K | $771K | $336K | — | View 990 |
| 2022 | $726K | $614K | $606K | $160K | — | View 990 |
| 2021 | $960K | $685K | $471K | $137K | — | View 990 |
| 2020 | $791K | $743K | $254K | $196K | — | View 990 |
| 2019 | $848K | $858K | $104K | $94K | — | View 990 |
| 2018 | $879K | $870K | $95K | $75K | — | View 990 |
| 2017 | $1.0M | $1.0M | $102K | $92K | — | View 990 |
| 2016 | $950K | $1.0M | $126K | $116K | — | View 990 |
| 2015 | $1.1M | $1.0M | $153K | $89K | — | View 990 |
| 2014 | $1.0M | $1.0M | $159K | $113K | — | View 990 |
| 2013 | $1.0M | $964K | $173K | $157K | — | View 990 |
| 2012 | $1.0M | $1.1M | $88K | $111K | — | View 990 |
| 2011 | $959K | $974K | $87K | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $831K, expenses of $841K, and assets of $771K (revenue +14.5% year-over-year).
- 2022: Revenue of $726K, expenses of $614K, and assets of $606K (revenue -24.4% year-over-year).
- 2021: Revenue of $960K, expenses of $685K, and assets of $471K (revenue +21.4% year-over-year).
- 2020: Revenue of $791K, expenses of $743K, and assets of $254K (revenue -6.7% year-over-year).
- 2019: Revenue of $848K, expenses of $858K, and assets of $104K (revenue -3.5% year-over-year).
- 2018: Revenue of $879K, expenses of $870K, and assets of $95K (revenue -14.5% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $102K (revenue +8.2% year-over-year).
- 2016: Revenue of $950K, expenses of $1.0M, and assets of $126K (revenue -11.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $153K (revenue +3.6% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $159K (revenue +2.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $964K, and assets of $173K (revenue -3.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $88K (revenue +7.9% year-over-year).
- 2011: Revenue of $959K, expenses of $974K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nami Of Connecticut Incorporated:
Data Sources and Methodology
This transparency report for Nami Of Connecticut Incorporated 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.