Hartford Business Journal

16 Hartford Business Journal • November 23, 2015 www.HartfordBusiness.com NONPROFIT NOTEBOOK NONPROFIT PROFILE Wadsworth Atheneum Museum of Art 600 Main St., Hartford | wadsworthatheneum.org MISSION To advance and inspire everyone to experience and appreciate excellence in art and culture. TOP EXECUTIVE SERVICES Susan Talbott, Director and CEO Museum that features 50,000 works of art that span 5,000 years. FY 2014 SUMMARY 2014 2013 Total Employees 93 111 Total Assets $134,546,245 $120,067,724 Total Liabilities $4,872,311 $4,569,660 REVENUES Contributions & Grants $13,297,896 $10,785,695 Program Service Revenue $1,539,642 $1,513,636 Investment Income $4,044,769 $4,674,942 Other $138,164 $144,743 TOTAL $19,020,471 $17,119,016 EXPENSES Grants $0 $0 Member Benefits $0 $0 Salaries/Employee Benefits $3,956,663 $3,828,759 Fundraising Fees $0 $0 Other $9,163,920 $8,447,683 TOTAL $13,120,583 $12,276,442 MARGIN $5,899,888 $4,842,574 TOP PAID EXECUTIVES (FY 2014) Base Salary Total Compensation & Benefits Susan Talbott, Director and CEO $302,838 $335,842 S O U R C E : G U I D E S T A R I R S 9 9 0 T A X F O R M Associated Construction Co. names president The Associated Construction Co. recently named Joseph Jankowski the company's new president. He succeeds former President Thomas Giardini, who passed away in September after more than 50 years with the company. Jankowski has been with Associated for 31 years, previously serving as a principal and business partner to Giardini. Jankowski was named a partner in 2001. Willis Personal Lines names COO Willis North America, a unit of benefits consultant Willis Group PLC, recently named Despina Buganski as chief operating officer of Willis Personal Lines. Based in Hartford, Buganski is responsible for day-to-day operations and workflow processes of the personal lines practice. She joined Willis in 2010 and most recently served as vice president and east region practice leader for Willis Personal Lines. Prior to Willis, she worked at Travelers Insurance and Webster Insurance. MassMutual Financial Group names EVP MassMutual Financial Group has named Eddie Ahmed executive vice president and chief human re- sources officer. Ahmed, who has more than 20 years of leadership experience in the global financial services industry, succeeds Debra Palermino, who is retiring. Ahmed joins Massachusetts Mutual Life Insurance Co. from Citigroup, where he spent five years, most recently as managing director of human resources for Europe, Middle East and Asia, as well as the firm's global head of recruitment. While at Citigroup, Ahmed led the company's global employee shared services department in its operations and technology division, a role in which he was responsible for all technology systems and operations. Executive director named for Downtown YMCA at State House Square Rick Hersom of Agawam, Mass., was recently named executive director of the new Downtown Hartford YMCA at State House Square. Hersom has been involved in opening, restructuring and merging fitness clubs during his 25 years in the health and fitness industry. Hartford Federal Credit Union names South Windsor branch manager Chelsea Clary has joined Hartford Federal Credit Union as branch manager of the South Windsor office. She manages branch operations, business devel- opment, and member relations and has more than 10 years of financial services experience. Chelsea Groton Bank names loan originator in Glastonbury Luann Vinson recently joined Chelsea Groton Bank as a retail loan originator, based at the new loan pro- duction office in Glastonbury. Most recently, Vinson was a mortgage loan origi- nator at Simsbury Bank and Trust Co., where she advised and originated mortgages, with a focus on the first-time homebuyer community. Johnson Brunetti names financial adviser, marketing coordinator Wethersfield retirement planning firm Johnson Bru- netti has announced a pair of new hires: Alexander Angst as a financial adviser and Chrissy Davies as marketing coordinator. Angst has worked in the financial services field for more than five years. Previously he was a fi- nancial adviser with MassMutual Financial Group, providing clients with expertise in advisory services, estate strategies and trust services. Davies will be responsible for developing recogni- tion and awareness around the company and its ser- vices. She has worked in marketing communications for more than 10 years, specializing in public relations. Prior to Johnson Brunetti, Davies spent five years as marketing communications manager with Re- vera Health Systems in Meriden. QU announces assistant director of fraternity and sorority life Caitlin Abrahamson has been promoted from residence hall director to assistant director of fra- ternity and sorority life at Quinnipiac University. Before landing at Quinnipiac in 2013, Abraha- mson was a student conduct educator, education adviser and campus events adviser at Oklahoma State University. Plastics trade group elects CT chairman, secretary Two Connecticut executives were recently elected board members to the national Plastics Industry Trade Association, which represents U.S. plastics manufacturers. James Murphy, president and CEO of Davis-Standard LLC in Pawcatuck, was named the association's chairman-elect. Tad McGwire, president of Industrial Heater Corp. in Cheshire, was elected secretary. Murphy's term as board chairman runs through Dec. 2017. UConn Foundation announces new board chair, board members The UConn Foundation's board of directors re- cently elected nine new members and unanimously elected long-term board member and financial ex- ecutive Dan Toscano as its new chairman. Toscano replaces Coleman B. Levy, who had completed his two-year term. Toscano has served on the foundation board since 2008 and chaired the search committee that brought in new foundation President and CEO Joshua R. Newton. Toscano is currently co-head of global leveraged and acquisition finance at Morgan Stanley and previously served in a similar position at HSBC Holdings PLC. New board members are: Sue Bird, former UConn women's basketball player; Leah Darak, partner physician in the statewide OB-GYN practice Wom- en's Health Connecticut; Angelo DeFazio, CEO and president of the Arrow Pharmacy Group in Hartford; Amy Errett, co-founder and CEO of Madison Reed; Mike Koppel, chief financial officer of Nordstrom; Joseph E. Parsons; Lori Riiska, owner of Lori Ri- iska CPA LLC; Anthony Rizza, a former UConn soc- cer star who is portfolio manager for Columbus Circle Investors; and Michael K. Rosen, a senior partner at Northeastern Anesthesia in Westchester, N.Y. MOVERS & SHAKERS Chelsea Clary Chrissy Davies Alexander Angst Caitlin Abrahamson A new study of nonprofits finds almost half are challenged by the Affordable Care Act. Most are also struggling to understand its requirements. In 2014, 92 percent of surveyed nonprof- its felt they had at least a moderate under- standing of the law; in 2015 that number fell to 47 percent. In 2014, 18 percent of nonprofit employers felt that they were extremely knowledgeable of the ACA; only 5 percent made that claim in 2015. PPI Benefit Solutions of Wallingford conducted the 2015 Nonprofit Employee Benefits Survey. It measures and tracks benchmarks of private, nonprofit employee- benefit plans. What could be potentially troubling for nonprofits is a lack of understanding of the financial impact of the Affordable Care Act. PPI found 56 percent of surveyed nonprof- its have not calculated the cost of compli- ance with the act, and 45 percent consider its implementation "very challenging" when providing employee benefits. Although few nonprofit organizations plan to eliminate healthcare benefits or reduce their premium contributions as a direct result of the ACA, they continue to seek savings through plan design or by decreasing employee contributions, thus shifting more cost to workers. • • • Foodshare will be receiving a $28,500 grant from the Ford Motor Company Fund. The grant will help the food bank distribute nutritious food to people in need throughout Hartford and Tolland counties. Foodshare has also received a $30,000 grant from the Lincoln Financial Foun- dation in support of its 2015 Fight Hunger at the Holidays campaign, a community- wide initiative to meet the needs of hun- gry residents during the holiday season and beyond. This grant will help Food- share ensure that food insecure families living in the Hartford area have a turkey on Thanksgiving, as well as access to the food they need all year long. Foodshare works with 300 food pantries, meal programs, community centers and shel- ters to annually distribute 12 million meals to people throughout Greater Hartford. • • • The Greater Hartford Arts Coun- cil has announced the recipients of its 2016 Arts+Wellness Grants totaling $10,000. The grants, supported by UnitedHealth- care, were given to four local arts orga- nizations including the Ballet Theater Company, Hospital for Special Care, the Uni- versity of Saint Joseph's Autorino Center for the Arts and Humanities, and the Veteran's Art Foundation. • • • The Main Street Community Founda- tion will receive a $300,000 grant from the Vincent Mulford Foundation to support current funds and initiatives. These funds include: The E. Bartlett Barnes Award of Jour- nalism Fund; Money in Motion Fund; Fam- ily Homelessness Initiative; and Main Street Community Foundation Endowment Fund. • • • Fidelco Guide Dog Foundation has been awarded a grant of more than $100,000 from the U.S. Department of Defense to place two of its German Shepherd guide dogs with service members or veterans who experienced injuries while on active duty that resulted in visual impairment.

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