VERMONT ENERGY INVESTMENT CORPORATION (EIN 030304418) - 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

1986

Legal Domicile

Principal Officer

KATHERINE MEYERS

Phone

8006396069

Tax Period

2024-01-01 to 2024-12-31

VERMONT ENERGY INVESTMENT CORPORATION, founded in 1986, is a major nonprofit in the Environment sector that reported $130.9M in total revenue in fiscal year 2024.

Mission

VEIC IS A SUSTAINABLE ENERGY COMPANY ON A MISSION TO GENERATE THE ENERGY (CONTINUES IN SCHED O)(CONTINUED) SOLUTIONS THE WORLD NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,594,192

Program Service Revenue $120,619,050

Investment Income $726,184

Other Revenue $0

TOTAL REVENUE $130,939,426

Expense Breakdown

Grants Paid $8,524,334

Salaries & Benefits $49,536,021

Fundraising Expenses $0

Program Expenses $124,497,870

Other Expenses $73,080,985

TOTAL EXPENSES $131,141,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,939,426	$123,099,830	+0.1%
Expenses	$131,141,340	$121,025,310	+0.1%
Net Income	$-201,914	$2,074,520	-1.1%

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

426

Volunteers

N/A

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

$910,961

Total Directors

$23,000

Key Employees

$841,273

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN ZUCKERMAN	CHAIR	1.00	Officer Director	$3,750	$0	$3,750
OSWALDO ACOSTA	TREASURER	1.00	Officer Director	$3,000	$0	$3,000
NANCY OWENS	VICE CHAIR	1.00	Officer Director	$2,750	$0	$2,750
DIANNE DILLON-RIDGLEY	DIRECTOR	1.00	Director	$2,000	$0	$2,000
VINCENT VALDES	DIRECTOR	1.00	Director	$2,000	$0	$2,000
NICK RICHARDSON	DIRECTOR	1.00	Director	$2,000	$0	$2,000
CEDERICK ANTHONY PICKETT	SECRETARY	1.00	Officer Director	$2,000	$0	$2,000
DALE BRYK	DIRECTOR	1.00	Director	$2,000	$0	$2,000
JACOB PARK	DIRECTOR	1.00	Director	$2,000	$0	$2,000
BRANDI COLANDER	DIRECTOR THROUGH SEP. 2024	1.00	Director	$1,500	$0	$1,500
JANET BESSER	DIRECTOR	1.00	Director	$0	$0	$0
MERRIAN BORGESON	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA FOSTER	CHIEF EXECUTIVE OFFICER	37.50	Officer	$372,517	$40,677	$413,194
KATHERINE MEYERS	CHIEF FINANCIAL OFFICER	37.50	Officer	$274,920	$14,143	$289,063
STEPHANIE PHILLIPS	CHIEF GENERAL COUNSEL	37.50	Officer	$186,999	$10,205	$197,204
LOUIS HUTCHINSON	COO THROUGH NOV. 2024	37.50	Key Emp	$249,507	$21,578	$271,085
BEN BURDICK	INTERIM MANAGING DIRECTOR, DCSEU	37.50	Key Emp	$191,569	$9,706	$201,275
PETER WALKE	MANAGING DIRECTOR, EFFICIENCY VT	37.50	Key Emp	$190,505	$14,403	$204,908
ERNEST JOLLY	MAN. DIR., DCSEU THROUGH SEP. 2024	37.50	Key Emp	$160,993	$3,012	$164,005
LISA HARRIS	CHIEF PEOPLE OFFICER	37.50	Highest	$266,073	$22,500	$288,573
BRIAN KEALOHA	CHIEF GROWTH AND IMPACT OFFICER	37.50	Highest	$253,635	$7,659	$261,294
PIERRE VAN DER MERWE	CHIEF TECHNOLOGY OFFICER	37.50	Highest	$248,730	$34,604	$283,334
MATTHEW DOOLEY	MAN. DIR., EN SERV/INT. COO A/O NOV	37.50	Highest	$243,190	$13,032	$256,222
ANGELA JOHNSON	DIRECTOR, FINANCE, DCSEU	37.50	Highest	$204,658	$18,621	$223,279

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	$130,939,426	$131,141,340	$53,392,034	$-201,914
2023	$123,099,830	$121,025,310	$52,913,819	$2,074,520
2022	$108,745,667	$106,290,392	$52,044,292	$2,455,275
2021	$94,935,292	$90,928,851	$38,391,512	$4,006,441
2020	$121,662,420	$116,957,963	$42,152,408	$4,704,457
2020	$121,662,420	$116,957,963	$42,152,408	$4,704,457
2019	$99,018,110	$96,107,411	$26,906,393	$2,910,699
2018	$87,429,577	$85,400,411	$22,684,853	$2,029,166

VERMONT ENERGY INVESTMENT CORPORATION