BLACK RIVER GOOD NEIGHBOR SERVICES INC

EIN: 030307817 501(c)(3)

LUDLOW, VT

Total Revenue
$573,844
Total Expenses
$475,986
Total Assets
$653,949
Net Assets
$652,248
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
VT
Principal Officer
LOU KREFSKI
Phone
8022283663
Tax Period
2023-01-01 to 2023-12-31

BLACK RIVER GOOD NEIGHBOR SERVICES INC, founded in 1988, is a small nonprofit that reported $574K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 17% operating margin.

Mission

AS A COMMUNITY ORGANIZATION WE PROVIDE CONFIDENTIAL, TEMPORARY FOOD, CLOTHING, AND FINANCIAL ASSISTANCE TO HELP ECONOMICALLY AND NUTRITIONALLY INSECURE INDIVIDUALS AND FAMILIES RETURN TO SELF-SUFFICIENCY.

Program Service Accomplishments

Program 1
Expenses: $331,126

In 2023 we distributed free food to nutritionally insecure individuals and families in our service area. We purchase food from the Vermont Foodbank and local vendors. Local residents and...

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In 2023 we distributed free food to nutritionally insecure individuals and families in our service area. We purchase food from the Vermont Foodbank and local vendors. Local residents and organizations donated additional food to us. We also distributed USDA foods and supplemented these distributions with donated and purchased food from our food shelves since these recipients are among the poorest of our clients. We raised funds for this program through donations, special events, and sales of donated goods from our thrift store and used furniture store. We do not record revenue by program due to the multiplicity of sources and the volume of undesignated cash gifts. Grants reported here are measured by the cost of food purchased. See Schedule 1 Part 3 for the measure of grants based on retail value of food distributed.

Program 2

We assisted clients who met our income guidelines with payments for rent, fuel, utilities and flood assistance. We raised funds for this program through donations, special events and sales of donated...

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We assisted clients who met our income guidelines with payments for rent, fuel, utilities and flood assistance. We raised funds for this program through donations, special events and sales of donated goods from our thrift store and used furniture store. We do not record revenue by program due to the multiplicity of sources and the volume of non-cash donations.

Program 3

We distributed holiday food via gift cards and coupons in December of 2023 to 99 families who met our household financial guidelines for assistance. These cards and coupons were donated to us or...

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We distributed holiday food via gift cards and coupons in December of 2023 to 99 families who met our household financial guidelines for assistance. These cards and coupons were donated to us or purchased by us and delivered to the recipients. We also distributed toys that were donated by various local individuals and organizations to any children in eligible households that received food assistance. See Schedule 1, Part 3 for the measure of grants based on fair market value. The amount of expenses represents our cash costs.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $325,340
Program Service Revenue $0
Investment Income $11,726
Other Revenue $236,778
TOTAL REVENUE $573,844

Expense Breakdown

Grants Paid $159,806
Salaries & Benefits $221,611
Fundraising Expenses $61,257
Program Expenses $331,126
Other Expenses $94,569
TOTAL EXPENSES $475,986

Year-over-Year Comparison

2023 2022 Change
Revenue $573,844 $386,305 +0.5%
Expenses $475,986 $311,040 +0.5%
Net Income $97,858 $75,265 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
9
Volunteers
150

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
4
$0
Total Directors
13
$58,940
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KREY KELLINGTON Executive Dir. 40.00
Director
$58,940 $0 $58,940
23-24 LOU KREFSKI Treasurer 10.00
Officer Director
$0 $0 $0
23-24 CAROL BARANOWSKI Secretary 10.00
Officer Director
$0 $0 $0
2023 JANE PIXLEY Director 5.00
Director
$0 $0 $0
23-24 JOHN DEAN Vice President 10.00
Officer Director
$0 $0 $0
2026 ANNE CHERICO Director 5.00
Director
$0 $0 $0
2026 JUDY DAVIS Director 5.00
Director
$0 $0 $0
23-24 DAVE GALLAGHER President 10.00
Officer Director
$0 $0 $0
2026 VICKI MASTROIANNI Director 5.00
Director
$0 $0 $0
2024 ROBERT KOTTKAMP Director 5.00
Director
$0 $0 $0
2025 SANDY JOHNSON Director 5.00
Director
$0 $0 $0
2025 GEORGE THOMSON Director 5.00
Director
$0 $0 $0
2025 JOHN SHORTT Director 5.00
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 No data No data No data No data
2023 $573,844 $475,986 $653,949 $97,858
2022 $386,305 $311,040 $535,910 $75,265
2021 $362,047 $328,354 $495,861 $33,693
2020 $344,140 $285,478 $416,980 $58,662
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