WOODSTOCK AREA COUNCIL ON AGING

EIN: 030295419 501(c)(3) Human Services

WOODSTOCK, VT

Total Revenue
$2,737,729
Total Expenses
$873,911
Total Assets
$5,207,015
Net Assets
$5,146,493
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
VT
Principal Officer
BETH HARPER
Phone
8024573277
Tax Period
2023-10-01 to 2024-09-30

WOODSTOCK AREA COUNCIL ON AGING, founded in 1985, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 68% operating margin.

Mission

THE THOMPSON CENTER HELPS OLDER ADULTS TO AGE WELL IN OUR RURAL COMMUNITY. WE PROVIDE TIMELY SUPPORT AND SERVICES, AND ARE A RESOURCE AND ADVOCATE ON ISSUES RELATED TO AGING. OUR PROGRAMS AND ACTIVITIES FOSTER THE PHYSICAL, INTELLECTUAL, AND SOCIAL WELL BEING OF OUR ADULT COMMUNITY TO ENHANCE DIGNITY, SELF-WORTH, AND INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $449,566 Revenue: $231,405

PROVIDE SENIOR CITIZENS AND THEIR GUESTS WITH CONGREGATE MEALS, PROVIDE MEALS TO HOMEBOUND SENIOR CITIZENS WITH MEALS ON WHEELS PROGRAM. FOR THE FISCAL YEAR ENDED 9/30/24 THE COUNCIL SERVED A TOTAL...

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PROVIDE SENIOR CITIZENS AND THEIR GUESTS WITH CONGREGATE MEALS, PROVIDE MEALS TO HOMEBOUND SENIOR CITIZENS WITH MEALS ON WHEELS PROGRAM. FOR THE FISCAL YEAR ENDED 9/30/24 THE COUNCIL SERVED A TOTAL OF 25,189 MEALS, INCLUDING 12,870 HOME DELIVERED MEALS.

Program 2
Expenses: $172,747 Revenue: $55,180

HEALTHY AGING & WELLNESS PROGRAMS AND SUPPORT, COMPUTER AND EXERCISE PROGRAMS, LANGUAGE PROGRAMS AND OTHER SOCIAL EVENTS. OVER 1,800 PARTICIPANTS IN EDUCATION, WELLNESS, AND FITNESS PROGRAMS; AND...

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HEALTHY AGING & WELLNESS PROGRAMS AND SUPPORT, COMPUTER AND EXERCISE PROGRAMS, LANGUAGE PROGRAMS AND OTHER SOCIAL EVENTS. OVER 1,800 PARTICIPANTS IN EDUCATION, WELLNESS, AND FITNESS PROGRAMS; AND OVER 32,000 INTERACTIONS AND CONTACTS AT SOCIAL EVENTS, ENRICHMENT OPPORTUNITIES AND DINING.DURING 2024, THE THOMPSON CENTER LAUNCHED A CAPITAL FUNDRAISING CAMPAIGN TO RAISE $4 MILLION TOWARD THE RENOVATION OF THE BUILDING. PREVIOUSLY RAISED AND HELD FUNDS IN UNRESTRICTED INVESTMENTS WERE ALLOCATED TO FUNDING THE LONG TERM GOAL. IN SEPTEMBER 2024, THE THOMPSON CENTER ENTERED INTO A $3.2 MILLION RENOVATION CONTRACT WITH A LOCAL BUILDER. RENOVATION BEGAN IN SEPTEMBER AND IS EXPECTED TO TAKE 14 MONTHS UNTIL COMPLETION. ADDITIONAL PROJECT COSTS OUTSIDE OF BUILDER COSTS INCLUDE KITCHEN EQUIPMENT, ACCESSORIES, COMMUNICATION EQUIPMENT, AND FURNITURE AND WINDOW TREATMENTS. ON SEPTEMBER 19TH, 2024, ONE OF THE THOMPSON CENTER'S LOYAL PATRONS PASSED AWAY, LEAVING THE THOMPSON CENTER HIS REAL PROPERTY AT 1274 W. WOODSTOCK ROAD, WOODSTOCK, VT. THE PROPERTY INCLUDES A 2 BEDROOM HOUSE, A ONE CAR GARAGE, AND 2.29 ACRES OF LAND. THE PROPERTY WAS VALUED AT $345,000 AND THOMPSON CENTER INTENDS TO SELL THE PROPERTY IN FY2025.

Program 3
Expenses: $61,176 Revenue: $16,554

MEDICAL TRANSPORTATION SERVICES, OTHER TRANSPORTATION SERVICES FOR ELDERLY AND COMMUNITY, FOR A TOTAL OF 2,189 RIDES IN FISCAL YEAR 2024.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,096,631
Program Service Revenue $303,139
Investment Income $310,618
Other Revenue $27,341
TOTAL REVENUE $2,737,729

Expense Breakdown

Grants Paid $0
Salaries & Benefits $476,370
Fundraising Expenses $62,879
Program Expenses $683,489
Other Expenses $397,541
TOTAL EXPENSES $873,911

Year-over-Year Comparison

2023 2022 Change
Revenue $2,737,729 $955,225 +1.9%
Expenses $873,911 $760,066 +0.1%
Net Income $1,863,818 $195,159 +8.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
22
Volunteers
250

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
5
$92,882
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BOURGEOIS VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
BETH HARPER TREASURER 4.00
Officer Director
$0 $0 $0
KERI COLE DIRECTOR 1.00
Director
$0 $0 $0
JANET ENGLISH DIRECTOR 1.00
Director
$0 $0 $0
RICK FISKE DIRECTOR 0.50
Director
$0 $0 $0
SUSAN FORD SECRETARY 1.00
Officer Director
$0 $0 $0
JON FULLERTON DIRECTOR 0.25
Director
$0 $0 $0
DOLORES GILBERT DIRECTOR 0.50
Director
$0 $0 $0
GREG GREENE DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN KIMBELL DIRECTOR 3.00
Director
$0 $0 $0
LYDIA LOCKE DIRECTOR 1.00
Director
$0 $0 $0
DAN NOBLE DIRECTOR 1.00
Director
$0 $0 $0
THOMAS PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
KAREN ROSENE-MONTELLA PRESIDENT 1.00
Officer Director
$0 $0 $0
SANDRA VON UNWERTH DIRECTOR 0.50
Director
$0 $0 $0
DICK WACKER DIRECTOR 0.50
Director
$0 $0 $0
PAULETTE WATSON DIRECTOR 0.50
Director
$0 $0 $0
DENNIS WRIGHT DIRECTOR 0.50
Director
$0 $0 $0
DICK ATWOOD ADVISORY CHAIR 1.00
Director
$0 $0 $0
DEANNA JONES EXECUTIVE DIRECTOR 40.00
Officer
$90,177 $2,705 $92,882
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 $2,737,729 $873,911 $5,207,015 $1,863,818
2023 $955,225 $760,066 $3,139,500 $195,159
2022 $1,481,131 $676,226 $2,714,900 $804,905
2021 $785,661 $632,573 $2,278,730 $153,088
2020 $613,140 $609,738 $1,875,177 $3,402
2019 $656,819 $633,829 $1,726,667 $22,990
2018 $550,822 $601,862 $1,700,441 $-51,040
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