VERMONT RURAL EDUCATION COLLABORATIVE INC

EIN: 030360919 501(c)(3) Education

Derby, VT

Total Revenue
$610,432
Total Expenses
$339,961
Total Assets
$423,637
Net Assets
$376,460
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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
1999
Legal Domicile
VT
Principal Officer
John Castle
Phone
8023492415
Tax Period
2024-07-01 to 2025-06-30

VERMONT RURAL EDUCATION COLLABORATIVE INC, founded in 1999, is a small nonprofit in the Education sector that reported $610K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 44% operating margin.

Mission

VERC provides mini-grants to students and teachers for projects. Hosts events and learning opportunities for teachers and community leaders. Advocates for rural public schools.

Program Service Accomplishments

Program 1
Expenses: $46,790 Revenue: $68,394

OFFERED PROFESSIONL DEVELOPEMENT TO TEACHERS AND SCHOOL ADMINISTRATORS THROUGHOUT THE YEAR

Program 2
Expenses: $29,860

AWARDED MINI GRANTS TO SCHOOLS FOR INNOVATIVE PROJECTS THAT PROMOTE YOUTH LEADERSHIP, COMMUNITY PARTNERSHIPS AND PLACE-BASED LEARNING

Program 3
Expenses: $4,639

PROVIDED OPPOTUNITIES FOR 8TH GRADE STUDENTS TO PROMOTE CAREER AWARENESS AND POST-SECONDARY EDUCATION THAT INCLUDED VISITS TO COLLEGE CAMPUSES IN VERMONT.PROVIDED MIDDLE SCHOOL LEADERSHIP PROGRAM IN...

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PROVIDED OPPOTUNITIES FOR 8TH GRADE STUDENTS TO PROMOTE CAREER AWARENESS AND POST-SECONDARY EDUCATION THAT INCLUDED VISITS TO COLLEGE CAMPUSES IN VERMONT.PROVIDED MIDDLE SCHOOL LEADERSHIP PROGRAM IN PARTNERSHIP WITH NORTHWOODS STEWARDSHIP CENTER IN SUPPORT OF TRANSITION TO HIGH SCHOOL.

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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 $361,054
Program Service Revenue $248,408
Investment Income $970
Other Revenue $0
TOTAL REVENUE $610,432

Expense Breakdown

Grants Paid $37,860
Salaries & Benefits $78,067
Fundraising Expenses $0
Program Expenses $81,289
Other Expenses $224,034
TOTAL EXPENSES $339,961

Year-over-Year Comparison

2024 2023 Change
Revenue $610,432 $349,613 +0.7%
Expenses $339,961 $285,436 +0.2%
Net Income $270,471 $64,177 +3.2%
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

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Governance

Voting Members
12
Independent Members
N/A
Employees
1
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
4
$72,224
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CASTLE Executive Director 40.00
Officer
$72,224 $0 $72,224
KAREN CONROY PresidentDirector 0.00
Officer Director
$0 $0 $0
ELAINE COLLINS TreasurerDirector 0.00
Officer Director
$0 $0 $0
TIM MULLIGAN SecretaryDirector 0.00
Officer Director
$0 $0 $0
SEAN MCMANNON DIRECTOR 0.00
Director
$0 $0 $0
KYLE CHADBURN DIRECTOR 0.00
Director
$0 $0 $0
CHRIS MILLER DIRECTOR 0.00
Director
$0 $0 $0
KEN CADOW DIRECTOR 0.00
Director
$0 $0 $0
MARGARTE MACLEAN DIRECTOR 0.00
Director
$0 $0 $0
JENNIFER BLAY Vice PresDirector 0.00
Director
$0 $0 $0
JENNIFER LAWCEWICZ Director 0.00
Director
$0 $0 $0
JENNIFER BOTZOJORNS Director 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 $610,432 $339,961 $423,637 $270,471
2024 $349,613 $285,436 $231,285 $64,177
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