CONNECT ABILITY
Mission Statement
ConnectAbility is a registered 501c3 nonprofit organization who helps connect people who have sustained traumatic, life altering disabilities to resources to help them maneuver through the transition to their new way of life. Our Crisis Fund program provides financial support to our clients in crisis by paying for things such as Food/Gas, medical bills, housing/utility assistance, wheelchair accessible home modifications, wheelchair ramps, accessible transportation to doctor appointments, prosthetic assistance, PT/OT, Counseling, etc. We also host many events for our clients and support group members and volunteers where we have food catered and/or give away gift cards as door prizes, etc.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.0% | 85.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.1% | 11.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.9% | 0.4% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.4 mo | 8.5 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
84.4% | 13.3% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.1% | 93.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
1951.4% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1540.0% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.8% | 1.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.2M | $1.1M | $36K | 81.0% | 9 |
| 2023 | $58K | $70K | $-9,533 | 74.8% | 0 |
| 2022 | $224K | $227K | $2K | 59.4% | 7 |
| 2021 | $1.2M | $663K | N/A | — | 6 |
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