CENTRAL VERMONT ADULT BASIC EDUCATION INC

EIN: 030238309 501(c)(3) Education

BARRE, VT

Total Revenue
$1,709,106
Total Expenses
$1,579,904
Total Assets
$1,853,346
Net Assets
$1,616,128
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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
1991
Legal Domicile
VT
Principal Officer
CATHERINE KALKSTEIN
Tax Period
2023-07-01 to 2024-06-30

CENTRAL VERMONT ADULT BASIC EDUCATION INC, founded in 1991, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 8% surplus.

Mission

CENTRAL VERMONT ADULT BASIC EDUCATION, INC. (CVABE) PROVIDES ADULT EDUCATION AND LITERACY (AEL) SERVICES FOR STUDENTS THROUGHOUT THE 47 TOWNS AND CITIES OF VERMONTS WASHINGTON, ORANGE, AND LAMOILLE COUNTIES.

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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 $1,664,429
Program Service Revenue $3,254
Investment Income $38,403
Other Revenue $3,020
TOTAL REVENUE $1,709,106

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,185,080
Fundraising Expenses $75,730
Program Expenses $1,306,123
Other Expenses $394,824
TOTAL EXPENSES $1,579,904

Year-over-Year Comparison

2023 2022 Change
Revenue $1,709,106 $1,570,219 +0.1%
Expenses $1,579,904 $1,549,217 +0.0%
Net Income $129,202 $21,002 +5.2%
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
11
Independent Members
11
Employees
21
Volunteers
67

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
$100,225
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE KALKSTEIN EXECUTIVE DIRECTOR 40.00
Officer
$80,650 $19,575 $100,225
JASON FINLEY DIRECTOR 0.12
Director
$0 $0 $0
AMANDA KAY GUSTIN DIRECTOR 0.24
Director
$0 $0 $0
LIBBIE MOEYKENS DIRECTOR 0.52
Director
$0 $0 $0
HOLLEY TODD GIRARD DIRECTOR 0.15
Director
$0 $0 $0
MARTHA FRIED DIRECTOR 0.44
Director
$0 $0 $0
NORMAN WILLIAMS DIRECTOR 0.30
Director
$0 $0 $0
SETH LIPSCHUTZ DIRECTOR 0.67
Director
$0 $0 $0
NANCY MCCANN PRESIDENT 0.73
Officer Director
$0 $0 $0
MARY GRACE VICE-PRESIDENT 0.45
Officer Director
$0 $0 $0
JILL JARET-ROSSI TREASURER 0.61
Officer Director
$0 $0 $0
ERIN WETHERELL SECRETARY 0.53
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
2025 No data No data No data No data
2024 $1,709,106 $1,579,904 $1,853,346 $129,202
2023 $1,570,219 $1,549,217 $1,684,552 $21,002
2022 $1,451,262 $1,360,038 $1,454,316 $91,224
2021 $1,263,020 $1,225,871 $1,377,824 $37,149
2020 $1,311,698 $1,322,716 $1,315,635 $-11,018
2019 $1,394,353 $1,391,541 $1,349,820 $2,812
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