BURLINGTON CITY ARTS FOUNDATION 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

1998

Legal Domicile

Principal Officer

DOUG GRISWOLD

Phone

8028655356

Tax Period

2023-07-01 to 2024-06-30

BURLINGTON CITY ARTS FOUNDATION INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 80% operating margin.

Mission

TO SUPPORT BURLINGTON CITY ARTS' ACTIVITIES AND PROGRAMS, AND TO SUPPORT VERMONT ARTISTS.

Program Service Accomplishments

Program 1

Expenses: $673,601

THE BCA FOUNDATION RAISED FUNDS TO SUPPORT THE RENOVATIONS OF A BUILDING AT 405 PINE STREET TO CREATE MORE AFFORDABLE ART SPACE IN BURLINGTON. BCAF ALSO RAISED FUNDS TO SUPPORT THE WORK OF BURLINGTON CITY ARTS, PROVIDED GRANT FUNDING FOR ARTISTS AND ORGANIZATIONS WITH AN ARTS MISSION, AND AWARDED ARTS PRIZES TO VERMONT ARTISTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,478,815

Program Service Revenue $0

Investment Income $24,585

Other Revenue $13,789

TOTAL REVENUE $3,517,189

Expense Breakdown

Grants Paid $669,431

Salaries & Benefits $0

Fundraising Expenses $18,263

Program Expenses $673,601

Other Expenses $34,264

TOTAL EXPENSES $703,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,517,189	$2,571,228	+0.4%
Expenses	$703,695	$877,431	-0.2%
Net Income	$2,813,494	$1,693,797	+0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG GRISWOLD	CHAIR	2.00	Officer Director	$0	$0	$0
BILLI GOSH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL METZ	SECRETARY	0.50	Officer Director	$0	$0	$0
DOREEN KRAFT	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA PERRY	DIRECTOR	0.50	Director	$0	$0	$0
JEFFRY GLASSBERG	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA BERBECO	DIRECTOR	0.25	Director	$0	$0	$0
GREG DANFORD	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA HEMLEY	DIRECTOR	0.50	Director	$0	$0	$0
JEN KAULIUS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WON	DIRECTOR	0.25	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	No data	No data	No data	No data
2024	$3,517,189	$703,695	$6,974,965	$2,813,494
2023	$2,571,228	$877,431	$4,159,798	$1,693,797
2022	$1,529,805	$807,370	$2,463,585	$722,435
2021	$1,199,503	$627,474	$1,810,051	$572,029
2020	$1,143,802	$503,782	$1,695,924	$640,020
2019	$344,856	$575,411	$526,228	$-230,555
2018	$904,980	$608,417	$759,493	$296,563