COMMUNITY OF VERMONT ELDERS INC

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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

1981

Legal Domicile

Principal Officer

RUBY BAKER

Phone

8022294731

Tax Period

2020-01-01 to 2020-12-31

COMMUNITY OF VERMONT ELDERS INC, founded in 1981, is a small nonprofit that reported $334K in total revenue in fiscal year 2020. Expenses of $312K left a modest 6% surplus.

Mission

TO PROMOTE AND PROTECT A HIGHER QUALITY OF LIFE FOR THE STATE'S SENIORS. COVE ADVANCES ITS MISSION THROUGH ADVOCACY AND EDUCATION. IT WORKS WITH AND FOR ELDER VERMONTERS AND THE ORGANIZATIONS THAT SERVE THEM TO IDENTIFY, INTERPRET, AND RESPOND TO CRITICAL ISSUES THAT IMPACT THE DIGNITY, SECURITY, AND WELL BEING OF SENIORS.

Program Service Accomplishments

Program 1

Expenses: $207,755 Revenue: $35,148

THE LARGEST PROGRAM OF THE ORGANIZATION IS VERMONT SENIOR MEDICARE PATROL (VT-SMP).SMP'S MISSION AND MESSAGE IS TO PREVENT MEDICARE ERROR, FRAUD,AND ABUSE. SMP SEEKS TO EMPOWER OLDER VERMONTERS BY...

THE LARGEST PROGRAM OF THE ORGANIZATION IS VERMONT SENIOR MEDICARE PATROL (VT-SMP).SMP'S MISSION AND MESSAGE IS TO PREVENT MEDICARE ERROR, FRAUD,AND ABUSE. SMP SEEKS TO EMPOWER OLDER VERMONTERS BY INCREASED AWARENESS AND UNDERSTANDING OF HEALTH CARE PROGRAMS IN ORDER FOR INDIVIDUALS TO PREVENT, DETECT, AND REPORT INSTANCES OF MEDICARE ERROR, FRAUD, AND ABUSE. DURING THE FIRST PART OF THE PANDEMIC, THE PROGRAM SHIFTED TO OFFER MONTHLY REMOTE EDUCATIONAL PRESENTATIONS, BIWEEKLY EMAIL UPDATES, QUARTERLY NEWESLETTERS AND PODCASTS. NETWORK BUILDING AND MATERALS DEVELOPMENT IMPROVED PROGRAM OUTREACH, EVEN THROUGH DIGITAL AVENUES. OTHER PROGRAMS OF THE ORGANIZATION INCLUDED BUIDLING BRIDGES TO SERVICES FOR OLDER VERMONTERS. THE PROGRAM FOCUSES ON GENERAL SCAM, FRAUD, AND EXPLOITATION PREVENTION. COVE ALSO ENGAGES IN PUBLIC POLICY ADVOCACY, RESEARCH, AND EDCUATION THROUGH A CONTRACT WITH THE FIRM NECRASON GROUP. THE FIRM AND EXECUTIVE DIRECTOR EDUCATIOE POLICY MAKERS ABOUT ISSUES AFFECTING ELDERS AND WORKS WITH BOTH LEGISLATORS AND EXECUTIVE BRANCH STAFF TO GET THOSE ISSUES ADDRESSED. DURING 2020 COVE PUBLISHED A RESOURCE GUIDE WITH THE SUPPORT OF VOLUNTEERS AND STAFF. COPIES WERE DISTRIBUTED ACROSS VERMONT REACHING 3,000 VERMONTERS. ADDITIONALLY THE GUIDE WAS OFFERED IN A DIGITAL FORMAT THAT WAS DOWNLOADED AND VIEWED HUNDREDS OF TIMES ON THE COVE WEBSITE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $297,999

Program Service Revenue $35,148

Investment Income $1

Other Revenue $390

TOTAL REVENUE $333,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,687

Fundraising Expenses $28,708

Program Expenses $207,755

Other Expenses $125,629

TOTAL EXPENSES $312,316

Year-over-Year Comparison

	2020	2019	Change
Revenue	$333,538	$334,743	0.0%
Expenses	$312,316	$374,831	-0.2%
Net Income	$21,222	$-40,088	-1.5%

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

$47,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM HOLWAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANORE HORTON	VP/SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE POULIOT	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL STAMATAKIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA SIEGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LOIS WHITMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA SCHLIVEK	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM LISS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY HARWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA GANS	BOARD MEMBER	1.00	Director	$0	$0	$0
RUBY BAKER	EXECUTIVE DI	32.00	Officer	$41,200	$6,309	$47,509

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
2020	$333,538	$312,316	$72,842	$21,222
2019	$334,743	$374,831	$46,440	$-40,088
2018	$381,803	$423,048	$91,123	$-41,245