VERMONT STATE EMPLOYEES ASSOC INC (EIN 030187599) - Form 990 Financial Analysis & Trantor Score

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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

1944

Legal Domicile

Principal Officer

ERIC DAVIS

Phone

8022235247

Tax Period

2023-10-01 to 2024-09-30

VERMONT STATE EMPLOYEES ASSOC INC, founded in 1944, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 5% surplus.

Mission

BARGAINING UNIT/STATE EMPLOYEES

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,668,099

Investment Income $48,984

Other Revenue $4,300

TOTAL REVENUE $3,721,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,455,566

Fundraising Expenses $0

Other Expenses $1,082,075

TOTAL EXPENSES $3,537,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,721,383	$3,424,260	+0.1%
Expenses	$3,537,641	$3,517,390	+0.0%
Net Income	$183,742	$-93,130	-3.0%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$187,790

Total Directors

$6,005

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHEY BELCHER	GENERAL COUN	40.00	Highest	$152,844	$55,441	$208,285
STEVE HOWARD	EXECUTIVE DI	50.00	Officer	$147,793	$33,992	$181,785
GARY HOADLEY	LABOR RELATI	40.00	Highest	$142,286	$31,659	$173,945
GRETCHEN NAYLOR	DIR OF FIELD	40.00	Highest	$116,433	$52,007	$168,440
AMY KINSELL	DIR OF OPER.	40.00	Highest	$108,109	$14,783	$122,892
AIMEE TOWNE	PRESIDENT	10.00	Officer Director	$2,812	$0	$2,812
ERIC DAVIS	TREASURER	10.00	Officer Director	$1,631	$0	$1,631
TYREL KERR	CLERK	2.00	Officer Director	$1,562	$0	$1,562
BETH AIKEN	DISTRICT 1 T	2.00	Director	$0	$0	$0
BOB ARKLEY	DISTRICT 3 T	2.00	Director	$0	$0	$0
JONATHAN BRUCE	CORRECTIONS	2.00	Director	$0	$0	$0
MARGARET CROWLEY	1ST VICE PRE	2.00	Officer Director	$0	$0	$0
JOHN GAUTHIER	DISTRICT 2 T	2.00	Director	$0	$0	$0
TOM GIFFEN	RETIREES CHA	2.00	Director	$0	$0	$0
KAREN HANGO	2ND VICE PRE	2.00	Officer Director	$0	$0	$0
BEE HESSLEBACH	JUDICIAL UNI	2.00	Director	$0	$0	$0
MELISSA HURT	DISTRICT 5 T	2.00	Director	$0	$0	$0
DANA LAPLANTE	DISTRICT 3 T	2.00	Director	$0	$0	$0
TOM MOZZIER	SUPERVISORY	2.00	Director	$0	$0	$0
BILLIE NEATHAWK	STATE COLLEG	2.00	Director	$0	$0	$0
MEGAN OULLETTE	DISTRICT 4 T	2.00	Director	$0	$0	$0
MEGHAN PLACE	CLERK	2.00	Officer Director	$0	$0	$0
KELLY PRICE	DISTRICT 6 T	2.00	Director	$0	$0	$0
ELIZA NOVICK SMITH	COMBINED UNI	2.00	Director	$0	$0	$0
ROBERT STONE	NON MGT UNIT	2.00	Director	$0	$0	$0
TYLER WACHTEL	CORRECTIONS	2.00	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	$3,721,383	$3,537,641	$2,787,634	$183,742
2023	$3,424,260	$3,517,390	$2,346,213	$-93,130
2022	$3,017,624	$3,211,855	$2,307,924	$-194,231
2021	$2,945,078	$3,041,220	$2,763,291	$-96,142
2020	$3,007,632	$2,886,514	$2,643,391	$121,118

VERMONT STATE EMPLOYEES ASSOC INC