Green Mountain Economic Development Corp (EIN 030284683) - 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

1982

Legal Domicile

Principal Officer

Erika Hoffman-Kiess

Phone

8022995769

Tax Period

2023-07-01 to 2024-06-30

Green Mountain Economic Development Corp, founded in 1982, is a small nonprofit that reported $674K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $637K left a modest 6% surplus.

Mission

To foster and develop economic vitality and prosperity consistent with the goals of the communities we serve.

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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 $338,136

Program Service Revenue $330,306

Investment Income $1

Other Revenue $5,968

TOTAL REVENUE $674,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,501

Fundraising Expenses $11,775

Program Expenses $583,016

Other Expenses $401,098

TOTAL EXPENSES $636,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$674,411	$531,677	+0.3%
Expenses	$636,599	$626,373	+0.0%
Net Income	$37,812	$-94,696	-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

$90,395

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erika Hoffman-Kiess	Executive Director	040.00	Officer	$82,500	$0	$90,395
Damian DiNcola	Chairman	001.00	Officer Director	$0	$0	$0
Edwin S Childs	Secretary	001.00	Officer Director	$0	$0	$0
Russel North	Treasurer	001.00	Officer Director	$0	$0	$0
Joseph A Boyd	Trustee	001.00	Director	$0	$0	$0
Ken Cadow	Trustee	001.00	Director	$0	$0	$0
Lisa Henderson	Trustee	001.00	Director	$0	$0	$0
James Masland	Trustee	001.00	Director	$0	$0	$0
Joshua Powers	Trustee	001.00	Director	$0	$0	$0
Jay Zanleoni	Trustee	001.00	Director	$0	$0	$0
Patricia Moulton Left in FY 24	Trustee	001.00	Director	$0	$0	$0
Cathy Tempesta Left in FY 24	Trustee	001.00	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	$674,411	$636,599	$5,245,114	$37,812
2023	$531,677	$626,373	$5,181,111	$-94,696
2022	$1,150,206	$1,147,484	$4,710,766	$2,722
2021	$591,712	$570,749	$5,306,022	$20,963
2020	$508,211	$509,920	$5,429,164	$-1,709
2019	$422,314	$383,150	$5,447,877	$39,164
2018	$271,206	$405,866	$1,804,253	$-134,660

Green Mountain Economic Development Corp