BURLINGTON BUSINESS ASSOC INC (EIN 030268719) - 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

1978

Legal Domicile

Principal Officer

KELLY DEVINE

Phone

8028631175

Tax Period

2023-01-01 to 2023-12-31

BURLINGTON BUSINESS ASSOC INC, founded in 1978, is a small nonprofit that reported $206K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $294K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO SUPPORT AND PROMOTE THE ECONOMIC VITALITY OF BURLINGTON, VT.

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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 $175,016

Investment Income $908

Other Revenue $30,367

TOTAL REVENUE $206,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,032

Fundraising Expenses $39,227

Program Expenses $190,741

Other Expenses $56,145

TOTAL EXPENSES $294,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,291	$233,012	-0.1%
Expenses	$294,177	$281,211	+0.0%
Net Income	$-87,886	$-48,199	+0.8%

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

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

$125,989

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY DEVINE	EXECUTIVE DI	40.00	Officer	$117,206	$8,783	$125,989
CHELSEA CONDOS	CHAIR	2.00	Officer Director	$0	$0	$0
SHIREEN HART	SECRETARY	2.00	Officer Director	$0	$0	$0
DONNA AUSTIN-HAWLEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL CASELLA	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD DEANE	DIRECTOR	2.00	Director	$0	$0	$0
PETER DYSART	DIRECTOR	2.00	Director	$0	$0	$0
JOHN GEORGE-WHEELER	DIRECTOR	2.00	Director	$0	$0	$0
LISA KINGSBURY	DIRECTOR	2.00	Director	$0	$0	$0
LESLEE MACKENZIE	DIRECTOR	2.00	Director	$0	$0	$0
RYAN NICK	DIRECTOR	2.00	Director	$0	$0	$0
JACK WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
ROSE KENARY	DIRECTOR	2.00	Director	$0	$0	$0
JOE CARTON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIAN KUZIA UNTIL MAY 2023	DIRECTOR	2.00	Director	$0	$0	$0
MICHELE ASCH UNTIL SEPT 2023	DIRECTOR	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	No data	No data	No data	No data
2023	$206,291	$294,177	$302,618	$-87,886
2022	$233,012	$281,211	$423,956	$-48,199
2021	$278,914	$299,505	$473,937	$-20,591
2020	$243,963	$217,683	$378,244	$26,280
2019	$329,474	$357,117	$134,862	$-27,643
2018	$378,153	$361,007	$198,162	$17,146
2018	$378,153	$361,007	$198,162	$17,146

BURLINGTON BUSINESS ASSOC INC