VEPP INC (EIN 030352426) - 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

1994

Legal Domicile

Principal Officer

CAROLYN ALDERMAN

Phone

8023620748

Tax Period

2022-07-01 to 2023-06-30

VEPP INC, founded in 1994, is a small nonprofit in the Public & Societal Benefit sector that reported $573K in total revenue in fiscal year 2022. Expenses of $504K left a modest 12% surplus.

Mission

TO ACT UNDER THE VERMONT PUBLIC UTILITY COMMISSION AS THE STANDARD OFFER FACILITATOR FOR ELECTRICITY IN THE STATE OF VERMONT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $532,650

Investment Income $40,502

Other Revenue $0

TOTAL REVENUE $573,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,340

Fundraising Expenses $0

Program Expenses $444,855

Other Expenses $134,766

TOTAL EXPENSES $504,106

Year-over-Year Comparison

	2022	2021	Change
Revenue	$573,152	$539,195	+0.1%
Expenses	$504,106	$480,920	+0.0%
Net Income	$69,046	$58,275	+0.2%

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

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

$186,240

Total Directors

$186,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATHEW RUBIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WAXLER	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW LOCKE	DIRECTOR	1.00	Director	$0	$0	$0
KEN NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS PORTER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG KIENY	DIRECTOR	1.00	Director	$0	$0	$0
GINI MILKEY	PUBLIC DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN KEENAN	PUBLIC DIRECTOR	1.00	Director	$0	$0	$0
RITA RICKETSON	PUBLIC DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN ALDERMAN	EXECUTIVE DIRECTOR, SECRETARY	40.00	Officer Director	$161,238	$25,002	$186,240

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	No data	No data	No data	No data
2023	$573,152	$504,106	$5,776,576	$69,046
2022	$539,195	$480,920	$5,534,796	$58,275
2021	$464,363	$461,347	$5,388,960	$3,016
2020	$557,119	$544,104	$5,272,264	$13,015
2019	$472,763	$466,843	$4,881,124	$5,920
2018	$504,517	$495,778	$4,908,260	$8,739

VEPP INC