BURLINGTON BUSINESS ASSOC INC

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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

2025-01-01 to 2025-12-31

BURLINGTON BUSINESS ASSOC INC, founded in 1978, is a small nonprofit that reported $333K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $369K exceeded revenue, resulting in a 11% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $188,091 Revenue: $335,097

PROVIDING SUPPORT AND NETWORKING OPPORTUNITIES FOR ITS MEMBER ORGANIZATIONS THROUGH ANNUAL RECOGNITION, MEETING AND MEMBER SOCIALS, AS WELL AS ADVOCATING ON ITS MEMBERS' BEHALF.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $335,097

Investment Income $60

Other Revenue $-2,351

TOTAL REVENUE $332,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,495

Fundraising Expenses $37,976

Program Expenses $188,091

Other Expenses $181,753

TOTAL EXPENSES $369,248

Year-over-Year Comparison

	2025	2024	Change
Revenue	$332,806	$237,266	+0.4%
Expenses	$369,248	$252,423	+0.5%
Net Income	$-36,442	$-15,157	+1.4%

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

$127,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY DEVINE	EXECUTIVE DI	40.00	Officer	$118,725	$8,875	$127,600
CHELSEA CONDOS	CHAIR	2.00	Officer Director	$0	$0	$0
RYAN NICK	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL CASELLA	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
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
WALTER JUDGE	DIRECTOR	2.00	Director	$0	$0	$0
MATT CANNING	DIRECTOR	2.00	Director	$0	$0	$0
AL GOBEILLELEFT AUGUST 2025	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
2025	$332,806	$369,248	$192,800	$-36,442
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