SOUTHERN VERMONT ARTS CENTER INC PO BOX 617

EIN: 030186501 501(c)(3) Arts, Culture & Humanities

MANCHESTER VILLAGE, VT

Total Revenue
$1,734,656
Total Expenses
$1,825,086
Total Assets
$10,050,934
Net Assets
$9,958,584
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
VT
Phone
8023621405
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN VERMONT ARTS CENTER INC PO BOX 617, founded in 1934, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $10.0M represent 69 months of operating reserves.

Mission

As one of New Englands leading visual and performing arts institutions, SVAC's mission is to promote and nurture the arts.

Program Service Accomplishments

Program 1
Expenses: $1,455,557 Revenue: $487,681

Youth and adult education programs, special events, and auxiliary activities

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $947,936
Program Service Revenue $487,681
Investment Income $192,920
Other Revenue $106,119
TOTAL REVENUE $1,734,656

Expense Breakdown

Grants Paid $0
Salaries & Benefits $685,095
Fundraising Expenses $48,634
Program Expenses $1,455,557
Other Expenses $1,139,991
TOTAL EXPENSES $1,825,086

Year-over-Year Comparison

2023 2022 Change
Revenue $1,734,656 $1,456,560 +0.2%
Expenses $1,825,086 $1,708,015 +0.1%
Net Income $-90,430 $-251,455 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
19
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$115,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE CORSO Executive Dir. 40.00
Director
$115,000 $0 $115,000
Brian Maggiotto Trustee 1.00
Director
$0 $0 $0
MAXINE LINEHAN Trustee 1.00
Director
$0 $0 $0
Cindy Marshall Trustee 1.00
Director
$0 $0 $0
PEGGY TELSCHER Secretary 1.00
Officer Director
$0 $0 $0
Judy McCormick Trustee 1.00
Director
$0 $0 $0
PETER RADFORD Treasurer 2.00
Officer Director
$0 $0 $0
Allison Piper Kimball Trustee 1.00
Director
$0 $0 $0
Wenke Thoman Trustee 1.00
Director
$0 $0 $0
DEBBIE WIGHT Vice President 1.00
Officer Director
$0 $0 $0
ROBERT VAN DEGNA President 3.46
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,734,656 $1,825,086 $10,050,934 $-90,430
2022 $1,456,560 $1,708,015 $9,897,410 $-251,455
2021 $1,522,458 $1,549,491 $10,727,292 $-27,033
2021 $1,500,211 $1,531,755 $10,724,937 $-31,544
2020 $1,079,350 $1,094,633 $10,250,671 $-15,283
2019 $1,022,799 $1,184,916 $9,955,388 $-162,117
2018 $470,790 $998,696 $9,597,479 $-527,906
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