Essex Chips Inc

EIN: 030372222 501(c)(3) Youth Development

Essex Junction, VT

Total Revenue
$134,963
Total Expenses
$137,749
Total Assets
$54,843
Net Assets
$-15,905
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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
Elle Nelson
Phone
8028786982
Tax Period
2024-07-01 to 2025-06-30

Essex Chips Inc, founded in 1999, is a small nonprofit in the Youth Development sector that reported $135K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring.

Mission

The mission of Essex CHIPS is to support, engage, inspire, and empower youth to make healthy decisions and become community leaders.

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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 $116,338
Program Service Revenue $0
Investment Income $3,477
Other Revenue $15,148
TOTAL REVENUE $134,963

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,032
Fundraising Expenses $0
Program Expenses $95,428
Other Expenses $55,717
TOTAL EXPENSES $137,749

Year-over-Year Comparison

2024 2023 Change
Revenue $134,963 $282,988 -0.5%
Expenses $137,749 $281,652 -0.5%
Net Income $-2,786 $1,336 -3.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
7
Volunteers
25

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
$0
Total Directors
12
$5,882
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elle Nelson Board Member 1.00
Director
$5,882 $0 $5,882
Mason Bauer Youth Co-Chair 1.00
Officer Director
$0 $0 $0
Eric Rizzi Secretary 1.00
Officer Director
$0 $0 $0
Jeff Greene Board Member 1.00
Director
$0 $0 $0
Sophia Lu Youth Member 1.00
Director
$0 $0 $0
Kristin Bruno Board Member 1.00
Director
$0 $0 $0
Omar Khan Youth Member 1.00
Director
$0 $0 $0
Joseph Feltz Treasurer 1.00
Officer Director
$0 $0 $0
Sandi Hoffman Board Member 1.00
Director
$0 $0 $0
Christina Corodimus Ex-Officio ED 40.00
Highest
$78,236 $0 $78,236
Sebastian Bush Youth Member 1.00
Director
$0 $0 $0
Katharin Brink Co-Chair/President 4.00
Officer Director
$0 $0 $0
Kim Martin Board Member 1.00
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 $134,963 $137,749 $54,843 $-2,786
2024 $282,988 $281,652 $53,630 $1,336
2023 $280,992 $272,227 $49,738 $8,765
2022 $308,727 $324,783 $62,030 $-16,056
2021 $296,733 $310,234 $83,330 $-13,501
2020 $329,595 $306,911 $124,391 $22,684
2019 $206,973 $305,271 $32,689 $-98,298
2018 $249,201 $273,285 $96,245 $-24,084
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