CENTRAL VERMONT ECONOMIC DEVELOPME… - 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

1976

Legal Domicile

Principal Officer

MELISSA BOUNTY

Phone

8022234654

Tax Period

2023-07-01 to 2024-06-30

CENTRAL VERMONT ECONOMIC DEVELOPMENT CORP, founded in 1976, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 320% from the prior year, signaling strong growth momentum.

Mission

INDUSTRIAL AND COMMERCIAL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $1,560,949 Revenue: $7,279

ECONOMIC DEVELOPMENT PROGRAM - THIS PROGRAM FOCUSES ON PROMOTING SOUND ECONOMIC DEVELOPMENT, COORDINATES PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING, AND...

ECONOMIC DEVELOPMENT PROGRAM - THIS PROGRAM FOCUSES ON PROMOTING SOUND ECONOMIC DEVELOPMENT, COORDINATES PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING, AND DEVELOPMENT OF DESIRABLE PRIVATE INDUSTRY TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION AND EXPANSION OF BUSINESS ENTERPRISES IN WASHINGTON COUNTY AND THREE TOWNS IN ORANGE COUNTY (WASHINGTON, WILLIAMSTOWN AND ORANGE). THE PROGRAM ALSO COOPERATES WITH EXISTING LOCAL DEVELOPMENT GROUPS TO ATTAIN MUTUAL OBJECTIVES, INCLUDING BY WAY OF ILLUSTRATION THE SHARING OF EXPENSES, ASSUMING RESPONSIBILITY FOR COMPLETION OF EXISTING PROJECTS, AND PROMOTING LOCAL PROJECTS IN THE REGION SERVED. LASTLY, THE PROGRAM ENTERS INTO FINANCING ARRANGEMENTS FOR THE FURTHERANCE OF ECONOMIC DEVELOPMENT.

🔒

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 $1,603,482

Program Service Revenue $7,279

Investment Income $46,723

Other Revenue $105,944

TOTAL REVENUE $1,763,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,545

Fundraising Expenses $0

Program Expenses $1,560,949

Other Expenses $1,491,842

TOTAL EXPENSES $1,734,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,763,428	$420,153	+3.2%
Expenses	$1,734,387	$451,255	+2.8%
Net Income	$29,041	$-31,102	-1.9%

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

$107,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA BOUNTY	EXECUTIVE DI	40.00	Officer	$83,429	$0	$83,429
JAMES STEWART	PRIOR EXEC D	0.00	Officer	$23,706	$0	$23,706
JIM TRINGE	CHAIR	1.00	Officer Director	$0	$0	$0
MAUREEN HEBERT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REUBEN STONE	TREASURER	1.00	Officer Director	$0	$0	$0
DANIELLE PELCZARSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
ROB BOULANGER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN DELLINGER-PATE	DIRECTOR	1.00	Director	$0	$0	$0
JODY EMERSON	DIRECTOR	1.00	Director	$0	$0	$0
AL FLORY	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
PETER HOOD	DIRECTOR	1.00	Officer Director	$0	$0	$0
LORRAINE KEENER	DIRECTOR	1.00	Director	$0	$0	$0
JIM KURRLE	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD LARSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LORD	DIRECTOR	1.00	Director	$0	$0	$0
GUNNER MCCAIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK NICHOLSON	DIRECTOR	1.00	Director	$0	$0	$0
BOB POPE	DIRECTOR	1.00	Director	$0	$0	$0
PETER RICKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE RUBEL	DIRECTOR	1.00	Director	$0	$0	$0
ANNEMARIE TODD	DIRECTOR	1.00	Director	$0	$0	$0
MONICA URQUHART	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN MEYER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ESCHELBACH	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$1,763,428	$1,734,387	$666,162	$29,041
2023	$420,153	$451,255	$686,091	$-31,102
2022	$295,591	$289,800	$706,920	$5,791
2021	$289,677	$292,271	$743,752	$-2,594
2020	$248,347	$255,512	$765,732	$-7,165

CENTRAL VERMONT ECONOMIC DEVELOPMENT CORP