Williston, VT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Vermont Healthcare Information Technology Education Center Inc, founded in 2000, is a community nonprofit in the Public & Societal Benefit sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 3% surplus.
The purpose of the Organization is to facilitate and create business and education partnerships across the US that create employment opportunities for the under-served, unemployed and underemployed through education and training programs using proven workforce development models. The Organization operates multiple training programs and provides technical assistance as an intermediary in support of our partners throughout the US.
Apprenticeship Technical Assistance The technical assistance provided to employers, sponsors, federal contractors, federal and state agencies, education institutions, associations, state and regional...
Apprenticeship Technical Assistance The technical assistance provided to employers, sponsors, federal contractors, federal and state agencies, education institutions, associations, state and regional workforce boards, and grantees continued to expand in 2023. This assistance supported the education, adoption, development, funding, employer engagement, partnership development, recruitment for, and strategic use of apprenticeships as part of a comprehensive and customized workforce development strategy both nationally and locally Following the success of the first two years of direct technical assistance, Vermont HITEC continued to support Abt Associates and a group of 38 HRSA grantees for a third year. continue in Sch O
Healthcare In 2023, Vermont HITEC delivered healthcare apprenticeship training programs in Vermont, Arizona, Colorado, Florida, Nevada and Minnesota. Vermont HITEC continued to leverage remote...
Healthcare In 2023, Vermont HITEC delivered healthcare apprenticeship training programs in Vermont, Arizona, Colorado, Florida, Nevada and Minnesota. Vermont HITEC continued to leverage remote learning when required or desired based on current pandemic conditions. Vermont HITEC was also directly engaged with program management, apprentice recruitment and engagement, and education delivery. In cases where a hybrid approach worked, the model was leveraged to maintain hands-on applied learning while also preserving distance learning. ITAR Programs - The Vermont ITAR program is designed to retain those dislocated or underemployed workers by providing them with the opportunity to be educated and mentored for available positions in advanced manufacturing, healthcare, information technology, and business services. continue in Sch O
Advanced Manufacturing STAR Programs - The Vermont STAR program is designed to retain those dislocated or underemployed workers by providing them with the opportunity to be educated and mentored for...
Advanced Manufacturing STAR Programs - The Vermont STAR program is designed to retain those dislocated or underemployed workers by providing them with the opportunity to be educated and mentored for available positions in advanced manufacturing, healthcare, information technology, and business services. In 2023, we developed and implemented three Advanced Manufacturing STAR Programs. The STAR programs include employer engagement and employment guarantees from employers curriculum development based on employer job requirements recruitment of applicants for the employer development of employer behavioral and technical competency requirements education delivery transition all participants into a registered apprenticeship program with the employer mentor employer partner and staff on apprenticeship model mentor apprentices during the transition to employment and on-the-job learning phase and coordinate with all regional, state and federal partners on behalf of the employer partner. There were three Hypertherm STAR Programs in 2023. continue in Sch O
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,765,490 | $3,590,708 | +0.9% |
| Expenses | $6,531,059 | $3,706,696 | +0.8% |
| Net Income | $234,431 | $-115,988 | -3.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Matthew McKenney | President/Treasurer/CEO | 040.00 |
Officer
Director
|
$210,180 | $7,227 | $217,407 |
| Dr Gerald P Ghazi JD | Secretary | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Nathaniel Hendrie | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Dr John J Collins JD | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| John Ferney | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Joanne Fiore | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,765,490 | $6,531,059 | $3,715,633 | $234,431 |
| 2022 | $3,590,708 | $3,706,696 | $2,406,511 | $-115,988 |
| 2021 | $4,479,304 | $4,608,238 | $2,831,713 | $-128,934 |
| 2020 | $2,216,205 | $2,259,756 | $2,217,249 | $-43,551 |
| 2019 | $2,481,699 | $1,928,669 | $2,064,893 | $553,030 |
| 2018 | $2,124,759 | $2,089,971 | $1,459,886 | $34,788 |
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