LAKE CHAMPLAIN OPPORTUNITY FUND 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

1999

Legal Domicile

Principal Officer

CATHERINE DAVIS

Phone

8028633489

Tax Period

2023-10-01 to 2024-09-30

LAKE CHAMPLAIN OPPORTUNITY FUND INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $419K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $246K, a strong 59% operating margin.

Mission

THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE THE LAUNCHVT INITIATIVE.

Program Service Accomplishments

Program 1

Expenses: $164,932 Revenue: $520

LAUNCHVT WORKS WITH ITS COMMUNITY PARTNERS TO PROVIDE BUSINESS ACCELERATION PROGRAMS AND RESOURCES THAT EMPOWER VERMONTERS TO SOLVE PROBLEMS AND CREATE ECONOMIC OPPORTUNITY IN THEIR COMMUNITIES...

LAUNCHVT WORKS WITH ITS COMMUNITY PARTNERS TO PROVIDE BUSINESS ACCELERATION PROGRAMS AND RESOURCES THAT EMPOWER VERMONTERS TO SOLVE PROBLEMS AND CREATE ECONOMIC OPPORTUNITY IN THEIR COMMUNITIES. LAUNCHVT ACCELERATES THE DEVELOPMENT OF THE 8 BEST EMERGING STARTUPS IN VERMONT BY CONNECTING THEM WITH EACH OTHER, ADVISORS, SEARCH PROVIDERS, INVESTORS, AND DIRECT BUSINESS DEVELOPMENT SUPPORT.

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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 $235,147

Program Service Revenue $53,270

Investment Income $130,561

Other Revenue $0

TOTAL REVENUE $418,978

Expense Breakdown

Grants Paid $45,204

Salaries & Benefits $107,753

Fundraising Expenses $0

Program Expenses $164,932

Other Expenses $20,419

TOTAL EXPENSES $173,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$418,978	$286,578	+0.5%
Expenses	$173,376	$133,961	+0.3%
Net Income	$245,602	$152,617	+0.6%

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

$262,978

Total Directors

$145,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY DAVIS	PRESIDENT	1.00	Officer Director	$0	$26,127	$145,050
HEATHER ROSS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY WAINER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE LANE	DIRECTOR	1.00	Director	$0	$0	$0
DON BAKER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KELLER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE MILLER TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK O'NEIL	VP OF FINANCE	1.00	Officer	$0	$6,694	$117,928

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
2024	$418,978	$173,376	$1,402,471	$245,602
2023	$286,578	$133,961	$1,151,949	$152,617
2022	$248,919	$64,800	$1,032,024	$184,119
2021	$987,053	$266,206	$1,106,135	$720,847
2020	$225,127	$142,171	$184,181	$82,956
2019	$285,846	$217,301	$97,725	$68,545
2018	$147,728	$219,251	$11,261	$-71,523