THE WOODSTOCK FOUNDATION INC

EIN: 030221142 501(c)(3) Education

WOODSTOCK, VT

Total Revenue
$5,536,621
Total Expenses
$8,333,506
Total Assets
$91,865,628
Net Assets
$90,309,819
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
VT
Principal Officer
DAVID M SIMMONS
Phone
8024572355
Tax Period
2024-01-01 to 2024-12-31

THE WOODSTOCK FOUNDATION INC, founded in 1968, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 128% from the prior year, signaling strong growth momentum. Expenses of $8.3M exceeded revenue, resulting in a 51% operating deficit.

Mission

THE WOODSTOCK FOUNDATION SUPPORTS CULTURAL HERITAGE AND HISTORIC PRESERVATIONS EFFORTS, INCLUDING CONTRIBUTING TO THE PRESERVATION AND CONSERVATION OF LOCAL NATIONAL PARK SERVICES RESOURCES. SIGNIFICANT ACTIVITIES INCLUDE THE BILLINGS FARM & MUSEUM, AN OPERATING DAIRY FARM AND MUSEUM OF VERMONT'S RURAL HISTORY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $304,845
Program Service Revenue $839,578
Investment Income $3,832,254
Other Revenue $559,944
TOTAL REVENUE $5,536,621

Expense Breakdown

Grants Paid $1,205,910
Salaries & Benefits $2,828,451
Fundraising Expenses $450,338
Program Expenses $5,267,137
Other Expenses $4,299,145
TOTAL EXPENSES $8,333,506

Year-over-Year Comparison

2024 2023 Change
Revenue $5,536,621 $2,425,465 +1.3%
Expenses $8,333,506 $8,410,419 0.0%
Net Income $-2,796,885 $-5,984,954 -0.5%
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

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Governance

Voting Members
7
Independent Members
6
Employees
115
Volunteers
28

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
5
$670,454
Total Directors
7
$281,487
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID M SIMMONS PRESIDENT 40.00
Officer Director
$238,963 $42,524 $281,487
DOUGLAS R HORNE TRUSTEE 3.00
Director
$0 $0 $0
JOHN T HALLOWELL TRUSTEE 3.00
Director
$0 $0 $0
MICHAEL D NOLAN TRUSTEE 3.00
Director
$0 $0 $0
JAMES S SLIGAR TRUSTEE 8.00
Director
$0 $0 $0
KIM ANSTATT MORTON TRUSTEE 3.00
Director
$0 $0 $0
RACHEL FRENCH WEBER TRUSTEE 3.00
Director
$0 $0 $0
MICHELLE ADAMS EXECUTIVE VP SECRETARY THRU MAY 2024 40.00
Officer
$85,673 $21,005 $106,678
MARK LANGLOIS DIRECTOR OF FINANCE & ADMIN/ASSISTANT TREASURER 40.00
Officer
$156,546 $23,017 $179,563
GABRIEL DELEON SECRETARY 5.00
Officer
$0 $2,774 $95,226
ANGELA K ARDOLIC TREASURER 5.00
Officer
$7,500 $0 $7,500
KIMBERLY CARBINEAU HR DIRECTOR 40.00
Highest
$102,517 $29,626 $132,143
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 $5,536,621 $8,333,506 $91,865,628 $-2,796,885
2023 $2,100,465 $7,660,419 $94,114,827 $-5,559,954
2022 $3,226,474 $6,728,869 $90,694,083 $-3,502,395
2021 $4,334,265 $5,504,231 $105,506,082 $-1,169,966
2020 $4,508,256 $5,034,530 $102,905,276 $-526,274
2019 $6,805,069 $5,122,272 $102,576,414 $1,682,797
2018 $4,895,766 $5,477,744 $94,437,922 $-581,978
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