Northeast Kingdom Development Corporation (EIN 030330497) - 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

1991

Legal Domicile

Principal Officer

Aminta Conant

Phone

8027485181

Tax Period

2023-04-01 to 2024-03-31

Northeast Kingdom Development Corporation, founded in 1991, is a community nonprofit in the Employment sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 1100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 45% operating margin.

Mission

Fostering, encouraging and assisting the physical location of business enterprises within the States of Vermont and New Hampshire and having its principal purpose be industrial and economic development

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,513,056

Program Service Revenue $5,040

Investment Income $61,924

Other Revenue $63,587

TOTAL REVENUE $3,643,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,019,357

Other Expenses $2,019,357

TOTAL EXPENSES $2,019,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,643,607	$303,657	+11.0%
Expenses	$2,019,357	$386,641	+4.2%
Net Income	$1,624,250	$-82,984	-20.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMINTA CONANT	PRESIDENT	010.00	Director	$0	$0	$0
RICHARD ISABELLE	VICE PRESIDENT	010.00	Director	$0	$0	$0
KIMBERLY BUTLER	SECRETARY	005.00	Director	$0	$0	$0
TOM ROBINSON	TREASURER / DIRECTOR	005.00	Director	$0	$0	$0
ERIC REMICK	DIRECTOR	005.00	Director	$0	$0	$0
DAVID SNEDEKER	DIRECTOR	005.00	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	No data	No data	No data	No data
2024	$3,643,607	$2,019,357	$9,879,587	$1,624,250
2023	$303,657	$386,641	$1,213,176	$-82,984

Northeast Kingdom Development Corporation