Middlebury, VT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Addison County Economic Development Corporation, founded in 1991, is a small nonprofit that reported $317K in total revenue in fiscal year 2024. Expenses of $375K exceeded revenue, resulting in a 18% operating deficit.
To create an entrepreneurial and innovative environment, nurturing business to launch, grow, and thrive.
Community Services ACEDC provides direct services to businesses including advice, assistance, referrals, site selection and project management, and business expansion services, services to the...
Community Services ACEDC provides direct services to businesses including advice, assistance, referrals, site selection and project management, and business expansion services, services to the general business community such as business workshops and training, networking, and advocating on behalf of businesses regionally, and on the state and Federal levels. ACEDC also provides services to municipalities, non-profits, and community groups to advance economic and community development in the region, including grant writing, fiscal agency, and grant administration.
Lending Services Lending services include project finance planning and direct lending to businesses through an ACEDC revolving loan fund and a USDA financed intermediary relending program.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $317,128 | $315,360 | +0.0% |
| Expenses | $375,372 | $342,333 | +0.1% |
| Net Income | $-58,244 | $-26,973 | +1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Frederick Kenney II | Executive Director | 040.00 |
Officer
|
$103,264 | $9,326 | $112,590 |
| Jason Larocque | President | 002.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gina Larrow | VP Treasurer | 002.00 |
Officer
Director
|
$0 | $0 | $0 |
| David Castle | Secretary | 002.00 |
Officer
Director
|
$0 | $0 | $0 |
| Christopher Lapierre | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Joseph Andriano | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Ryan Bartlett | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Mark Foster | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Nicole MacTavish | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Richard McKerr | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Robert Ortmyer | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Renny Perry | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Susan P Ritter | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Darcy Tarte | Board Member | 002.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $317,128 | $375,372 | $1,245,918 | $-58,244 |
| 2024 | $315,360 | $342,333 | $1,187,721 | $-26,973 |
| 2023 | $234,977 | $326,362 | $1,152,971 | $-91,385 |
| 2022 | $329,758 | $339,881 | $1,197,128 | $-10,123 |
| 2021 | $362,506 | $303,015 | $1,150,154 | $59,491 |
| 2020 | $300,224 | $394,631 | $1,112,494 | $-94,407 |
| 2019 | $277,988 | $360,990 | $1,247,519 | $-83,002 |
Compare Addison County Economic Development Corporation with other nonprofits in Vermont and across the country.