VERMONT STUDENT DEVELOPMENT FUND INC (EIN 030367034) - 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

2000

Legal Domicile

Principal Officer

Scott Giles

Phone

8026543714

Tax Period

2023-07-01 to 2024-06-30

VERMONT STUDENT DEVELOPMENT FUND INC, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $13.7M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $13.2M left a modest 4% surplus.

Mission

The mission of the Vermont Student Development Fund is to seek, invest and maintain monetary and other support for scholarships and other financial assistance to individuals seeking a post secondary education or training.

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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 $13,330,920

Program Service Revenue $0

Investment Income $388,781

Other Revenue $0

TOTAL REVENUE $13,719,701

Expense Breakdown

Grants Paid $13,154,249

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,154,249

Other Expenses $8,030

TOTAL EXPENSES $13,162,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,719,701	$10,461,793	+0.3%
Expenses	$13,162,279	$9,952,137	+0.3%
Net Income	$557,422	$509,656	+0.1%

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

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

$1,297,296

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott A Giles	President and CEO&	0.2	Officer	$0	$69,809	$397,203
Thomas A Little	VP & General Counsel	1	Officer	$0	$51,187	$295,392
Patrick J Leduc	VP & COO	0.2	Officer	$0	$68,390	$290,427
Michael R Stuart	VP of Finance & CFO	0.2	Officer	$0	$42,027	$157,964
Marilyn J Cargill	VP of Financial Aid Services and Research	0.2	Officer	$0	$30,853	$156,310
Dorothy R Mitchell	Chair	0	Director	$0	$0	$0
Martha P Heath	Vice Chair & Programs & Services Comm. Chair	0	Director	$0	$0	$0
David Larsen	Secretary & Corporate Governance Comm. Chair	0	Director	$0	$0	$0
Clarence Davis	Director	0	Director	$0	$0	$0
Michael K Smith	Chair Finance Committee	0	Director	$0	$0	$0
John McSoley	Chair Audit Committee	0	Director	$0	$0	$0
Tim Chamberlin	Director	0	Director	$0	$0	$0
Caleb Elder	Director	0	Director	$0	$0	$0
Ryan Dulude	Director	0	Director	$0	$0	$0
Mike Pieciak	Director	0	Director	$0	$0	$0
Ann E Cummings	Director	0	Director	$0	$0	$0
Meghan Metzler	VP of Finance & CFO	0.2	Officer	$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	$13,719,701	$13,162,279	$25,220,619	$557,422
2023	$10,461,793	$9,952,137	$21,466,171	$509,656
2022	$10,359,436	$9,623,959	$17,468,961	$735,477
2021	$7,934,039	$7,494,261	$18,078,140	$439,778
2020	$7,061,675	$5,999,387	$16,135,276	$1,062,288
2019	$5,616,274	$5,443,508	$14,300,089	$172,766

VERMONT STUDENT DEVELOPMENT FUND INC