CENTRAL VERMONT ADULT BASIC EDUCAT… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,306,123 Revenue: $6,524

CVABE IS AN ORGANIZATION OF STUDENTS, COMMUNITY MEMBERS AND TEACHERS IN WASHINGTON, ORANGE, AND LAMOILLE COUNTIES OF VERMONT COMMITTED TO DEVELOPING, EVALUATING, AND PROVIDING ACCESSIBLE LITERACY...

CVABE IS AN ORGANIZATION OF STUDENTS, COMMUNITY MEMBERS AND TEACHERS IN WASHINGTON, ORANGE, AND LAMOILLE COUNTIES OF VERMONT COMMITTED TO DEVELOPING, EVALUATING, AND PROVIDING ACCESSIBLE LITERACY INSTRUCTION FOR ADULTS AND TEENS IN THE BELIEF THAT A LITERATE PERSON HAS THE ESSENTIAL KEY TO SELF-UNDERSTANDING AND FOR FULL AND ACTIVE MEMBERSHIP IN THE WORLD. CENTRAL TO THE MISSION IS INVOLVING THE ENTIRE COMMUNITY IN ENCOURAGING STUDENTS EFFORTS. CVABE TEACHER COMMUNITY COORDINATORS AND MORE THAN 65 TRAINED VOLUNTEERS WORK WITH 400-500 ADULTS AND TEENS ANNUALLY. SERVICES INCLUDE BASIC SKILLS EDUCATION: READING, WRITING, MATH AND FINANCIAL AND BASIC COMPUTER LITERACY; ENGLISH LANGUAGE LEARNING AND PREPARATION FOR U.S. CITIZENSHIP; HIGH SCHOOL DIPLOMA AND GED CREDENTIAL PROGRAMS; ACADEMIC SKILL READINESS FOR WORK, TECHNICAL TRAINING AND/OR COLLEGE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$100,225

Total Directors

Key Employees

Highest Compensated

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

CENTRAL VERMONT ADULT BASIC EDUCATION INC