Vermont Ethics Network Inc

EIN: 030336174 501(c)(3) Education

Montpelier, VT

Total Revenue
$578,986
Total Expenses
$569,510
Total Assets
$158,889
Net Assets
$96,237
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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
1986
Legal Domicile
VT
Principal Officer
Cindy Bruzzese
Phone
8028282909
Tax Period
2024-07-01 to 2025-06-30

Vermont Ethics Network Inc, founded in 1986, is a small nonprofit in the Education sector that reported $579K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

Provide ethical consideration information.

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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 (2024)

Revenue Breakdown

Contributions & Grants $568,901
Program Service Revenue $9,667
Investment Income $418
Other Revenue $0
TOTAL REVENUE $578,986

Expense Breakdown

Grants Paid $4,550
Salaries & Benefits $291,358
Fundraising Expenses $41,326
Program Expenses $433,863
Other Expenses $273,602
TOTAL EXPENSES $569,510

Year-over-Year Comparison

2024 2023 Change
Revenue $578,986 $465,710 +0.2%
Expenses $569,510 $451,569 +0.3%
Net Income $9,476 $14,141 -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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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
12
Independent Members
12
Employees
4
Volunteers
1

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
$120,922
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cindy Bruzzese MPA Ex. Dir. 40.00
Officer
$120,922 $0 $120,922
Geri Amori Chair 0.00
Officer Director
$0 $0 $0
Linda Cohen JD Secretary 0.00
Officer Director
$0 $0 $0
E Tobias Balivet Esq Board Member 0.00
Director
$0 $0 $0
Kier Olsen DeVries MA Board Member 0.00
Director
$0 $0 $0
Zail Berry MD Board Member 0.00
Director
$0 $0 $0
Gary W Eley Treasurer 0.00
Officer Director
$0 $0 $0
Evie Marcolini MD Vice Chair 0.00
Officer Director
$0 $0 $0
Michelle Tavares MSN RN-BC Board Member 0.00
Director
$0 $0 $0
James L Bernat MD Honorary Board Member 0.00
Director
$0 $0 $0
Michelle Champoux LICSW Honorary Board Member 0.00
Director
$0 $0 $0
Jean Mallary RN Honorary Board Member 0.00
Director
$0 $0 $0
Robert Macauley MD Honorary Board Member 0.00
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 $578,986 $569,510 $158,889 $9,476
2024 $465,710 $451,569 $125,776 $14,141
2023 No data No data $149,356 No data
2023 $373,513 $411,415 $109,942 $-37,902
2022 $471,209 $423,951 $149,356 $47,258
2021 $426,725 $378,121 $146,733 $48,604
2020 $312,310 $335,501 $70,228 $-23,191
2019 $397,640 $437,427 $67,576 $-39,787
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