Vermont Association of Business

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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

1979

Legal Domicile

Principal Officer

Christine Mccarthy

Phone

8028781107

Tax Period

2023-10-01 to 2024-09-30

Vermont Association of Business, founded in 1979, is a community nonprofit in the Employment sector that reported $8.9M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

It is Vabirs mission to help employers meet their staffing needs for a stable skilled Workforce and to advocate public and private policies that encourage and increase access for persons with disabilities in the work environment.

Program Service Accomplishments

Program 1

Expenses: $7,987,836 Revenue: $8,928,808

Placement and training of persons with disabilities.

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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 $8,355,708

Program Service Revenue $573,100

Investment Income $2,251

Other Revenue $0

TOTAL REVENUE $8,931,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,503,873

Fundraising Expenses $0

Program Expenses $7,987,836

Other Expenses $1,535,637

TOTAL EXPENSES $9,039,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,931,059	$7,056,303	+0.3%
Expenses	$9,039,510	$6,775,133	+0.3%
Net Income	$-108,451	$281,170	-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

665

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

$107,194

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris McCarthy	Executive Director	40.00	Officer	$95,968	$11,226	$107,194
Cathy Chamberlain	President	2.00	Officer Director	$0	$0	$0
David Leinaweaver	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Meghan Gowland	Member	2.00	Director	$0	$0	$0
Maghon Luman	Member	2.00	Director	$0	$0	$0
Pat Nagy	Member	2.00	Director	$0	$0	$0
Dan Petherbridge	Member	2.00	Director	$0	$0	$0
Christine Trombley	Member	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	$8,931,059	$9,039,510	$2,181,230	$-108,451
2023	$7,056,303	$6,775,133	$2,326,930	$281,170
2022	$6,027,819	$5,644,935	$1,991,681	$382,884
2021	$5,313,665	$4,658,081	$1,462,626	$655,584