VERMONT SPECIALTY FOOD ASSOCIATION

EIN: 030309219 Community Improvement

EAST MONTPELIER, VT

Total Revenue
$104,434
Total Expenses
$122,232
Total Assets
$17,590
Net Assets
$-26,651
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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
VT
Principal Officer
KARIN CIOFFI
Phone
8028391930
Tax Period
2025-01-01 to 2025-12-31

VERMONT SPECIALTY FOOD ASSOCIATION, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $104K in total revenue in fiscal year 2025. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $122K exceeded revenue, resulting in a 17% operating deficit.

Mission

The Vermont 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 and the Vermont industry through education, promotion, and statewide and national collaboration.

Program Service Accomplishments

Program 1

VERMONT SPECIALTY FOOD ASSOCIATION INCORPORATES MANY OF THE SMALL FAMILY OWNED AND OPERATED BUSINESSES THAT SUSTAIN THE WORKING LANDSCAPE OF VERMONT THAT VISITORS SEEK. SPECIALTY FOOD PRODUCERS...

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VERMONT SPECIALTY FOOD ASSOCIATION INCORPORATES MANY OF THE SMALL FAMILY OWNED AND OPERATED BUSINESSES THAT SUSTAIN THE WORKING LANDSCAPE OF VERMONT THAT VISITORS SEEK. SPECIALTY FOOD PRODUCERS STRIVE FOR EXCELLENCE IN PROVIDING THEIR CUSTOMERS WITH HIGH QUALITY, INNOVATIVE PRODUCTS MADE WITH A DISTINCTIVE VERMONT TOUCH.

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,000
Program Service Revenue $90,842
Investment Income $567
Other Revenue $1,025
TOTAL REVENUE $104,434

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,336
Fundraising Expenses $0
Other Expenses $41,896
TOTAL EXPENSES $122,232

Year-over-Year Comparison

2025 2024 Change
Revenue $104,434 $63,111 +0.7%
Expenses $122,232 $114,927 +0.1%
Net Income $-17,798 $-51,816 -0.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1
Volunteers
8

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
$73,005
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARIN CIOFFI Executive Dir. 40.00
Officer
$67,289 $5,716 $73,005
CALLEY HASTINGS President 1.00
Officer Director
$0 $0 $0
MARK ELVIDGE Treasurer 1.00
Officer Director
$0 $0 $0
ALLIE LERCH 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
2025 $104,434 $122,232 $17,590 $-17,798
2024 $63,111 $114,927 $42,544 $-51,816
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