VERGENNES PARTNERSHIP INC (EIN 030361837) - 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

1999

Legal Domicile

Principal Officer

JULIE BASOL

Phone

8028771163

Tax Period

2023-07-01 to 2024-06-30

VERGENNES PARTNERSHIP INC, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $97K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE VERGENNES PARTNERSHIP'S MISSION IS TO ENHANCE THE ECONOMIC VIABILITY OF VERGENNES AND PRESERVE THE BEAUTY AND CHARACTER OF ITS DOWNTOWN.

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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 $87,178

Program Service Revenue $2,585

Investment Income $0

Other Revenue $7,196

TOTAL REVENUE $96,959

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $30,263

Fundraising Expenses $5,593

Program Expenses $88,510

Other Expenses $76,502

TOTAL EXPENSES $107,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,959	$177,437	-0.5%
Expenses	$107,765	$115,787	-0.1%
Net Income	$-10,806	$61,650	-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

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

$27,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEN RUSSELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA MACK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SHANON ATKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY DJORDJEVIC	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BENTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGGIE CARRERA-BLY	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNNE CHABOT	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT GAINES	BOARD MEMBER	1.00	Director	$0	$0	$0
RENNY PERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELISE SHANBACKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE BASOL	EXECUTIVE DIRECTOR	20.00	Officer	$27,560	$0	$27,560

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	$96,959	$107,765	$103,153	$-10,806
2023	$177,437	$115,787	$113,959	$61,650
2022	$279,048	$351,252	$52,739	$-72,204

VERGENNES PARTNERSHIP INC