LEGAL SERVICES VERMONT INC (EIN 030349316) - 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

1996

Legal Domicile

Principal Officer

SAM ABEL-PALMER

Phone

8028637153

Tax Period

2024-01-01 to 2024-12-31

LEGAL SERVICES VERMONT INC, founded in 1996, is a community nonprofit in the Crime & Legal sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE LEGAL SERVICES TO AS MANY LOW INCOME VERMONTERS AS POSSIBLE. LSV WILL SEEK TO INCREASE THE KNOWLEDGE AND UNDERSTANDING OF LOW INCOME VERMONTERS THROUGH A VARIETY OF EDUCATION STRATEGIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,756,749

Program Service Revenue $474,881

Investment Income $9,599

Other Revenue $7,133

TOTAL REVENUE $2,248,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,819,063

Fundraising Expenses $0

Program Expenses $2,059,858

Other Expenses $479,372

TOTAL EXPENSES $2,298,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,248,362	$2,131,612	+0.1%
Expenses	$2,298,435	$1,863,264	+0.2%
Net Income	$-50,073	$268,348	-1.2%

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

134

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

$146,251

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM ABEL-PALMER	EXECUTIVE DI	40.00	Officer	$108,103	$38,148	$146,251
BESSIE WEISS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JILL MARTIN DIAZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JESSICA OSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
OLIVIA SMITH-HAMMOND	TREASURER	2.00	Officer Director	$0	$0	$0
JARED CARTER	TRUSTEE	2.00	Director	$0	$0	$0
VICTORIA VIC WESTGATE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL RUGGLES	TRUSTEE	2.00	Director	$0	$0	$0
CHACE JENNINGS	TRUSTEE	2.00	Director	$0	$0	$0
PETER B KUNINLEFT MARCH 2024	TRUSTEE	2.00	Director	$0	$0	$0
ERIN JACOBSENLEFT JUNE 2024	TRUSTEE	2.00	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
2024	$2,248,362	$2,298,435	$1,064,231	$-50,073
2023	$2,131,612	$1,863,264	$1,023,197	$268,348
2022	$2,184,314	$1,768,152	$613,342	$416,162
2021	$1,413,922	$1,617,144	$232,914	$-203,222
2020	$1,539,388	$1,337,788	$458,182	$201,600
2018	$1,131,568	$1,093,815	$172,985	$37,753

LEGAL SERVICES VERMONT INC