VERMONT SPECIALTY FOOD ASSOCIATION (EIN 030309219) - 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

1985

Legal Domicile

Principal Officer

KARIN CIOFFI

Phone

8028391930

Tax Period

2024-01-01 to 2024-12-31

VERMONT SPECIALTY FOOD ASSOCIATION, founded in 1985, is a micro nonprofit in the Community Improvement sector that reported $63K in total revenue in fiscal year 2024. Expenses of $115K exceeded revenue, resulting in a 82% operating deficit.

Mission

VT Specialty Food Association is the leading information resource for all specialty food and beverage producers, service providers, and industry professionals. We support the growth of specialty food and beverage businesses through education, promotion, and collaboration.

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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 $0

Program Service Revenue $62,295

Investment Income $816

Other Revenue $0

TOTAL REVENUE $63,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,040

Fundraising Expenses $0

Other Expenses $43,887

TOTAL EXPENSES $114,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,111	$62,040	+0.0%
Expenses	$114,927	$59,078	+0.9%
Net Income	$-51,816	$2,962	-18.5%

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

$64,609

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARIN CIOFFI	Executive Dir.	40.00	Officer	$58,831	$5,778	$64,609
CALLEY HASTINGS	President	1.00	Officer Director	$0	$0	$0
KENT ARNOLD	Director	1.00	Director	$0	$0	$0
MARK ELVIDGE	Treasurer	1.00	Officer Director	$0	$0	$0
ALLIE OLSON	Director	1.00	Director	$0	$0	$0
MIMI BUTTENHEIM	Director	1.00	Director	$0	$0	$0
BILL KUNHERT	Vice President	1.00	Officer Director	$0	$0	$0
AMELIA RAPPAPORT	Director	1.00	Director	$0	$0	$0
CASSANDRA LARAE-PEREZ	Secretary	1.00	Officer Director	$0	$0	$0
STEVE REDMOND	Director	1.00	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	$63,111	$114,927	$42,544	$-51,816

VERMONT SPECIALTY FOOD ASSOCIATION