CYNOSURE INC

EIN: 036005859

BURLINGTON, VT

Total Revenue
$1,220,550
Total Expenses
$1,174,828
Total Assets
$6,022,409
Net Assets
$5,904,975
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
VT
Principal Officer
FRANK CIOFFI
Phone
8028625726
Tax Period
2024-07-01 to 2025-06-30

CYNOSURE INC, founded in 1955, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 4% surplus.

Mission

TO UNIFY AND COORDINATE PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING AND DEVELOPMENT OF PRIVATE INDUSTRY AND COMMERCE WITHIN THE GREATER BURLINGTON AREA AND OTHER MUNICIPALITIES OF CHITTENDEN COUNTY FOR THE PURPOSE OF PROMOTING, INCREASING AND STABILIZING OPPORTUNITIES FOR GAINFUL EMPLOYMENT, IMPROVEMENT OF ECONOMIC CONDITIONS AND GENERAL WELFARE.

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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 $0
Program Service Revenue $1,080,328
Investment Income $140,222
Other Revenue $0
TOTAL REVENUE $1,220,550

Expense Breakdown

Grants Paid $608,033
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $566,795
TOTAL EXPENSES $1,174,828

Year-over-Year Comparison

2024 2023 Change
Revenue $1,220,550 $1,203,313 +0.0%
Expenses $1,174,828 $967,706 +0.2%
Net Income $45,722 $235,607 -0.8%
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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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
11

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
$308,693
Total Directors
11
$308,693
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK CIOFFI PRESIDENT, S 20.00
Officer Director
$0 $74,666 $308,693
PAM MACKENZIE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
TIM SHEA VICE CHAIRPE 2.00
Officer Director
$0 $0 $0
ERNEST A POMERLEAU TREASURER 2.00
Officer Director
$0 $0 $0
DAN SMITH DIRECTOR 2.00
Director
$0 $0 $0
BRAD ALDRICH DIRECTOR 2.00
Director
$0 $0 $0
ETHAN BECHTEL DIRECTOR 2.00
Director
$0 $0 $0
DAVID BRADBURY DIRECTOR 2.00
Director
$0 $0 $0
CHRIS D'ELIA DIRECTOR 2.00
Director
$0 $0 $0
RICH SMITH DIRECTOR 2.00
Director
$0 $0 $0
PETER SYLVESTER DIRECTOR 2.00
Director
$0 $0 $0
SUSAN ANDERSEN HIGHLY COMPE 0.00
Highest
$0 $11,723 $113,203
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 $1,220,550 $1,174,828 $6,022,409 $45,722
2024 $1,203,313 $967,706 $5,801,212 $235,607
2023 $1,094,499 $923,748 $5,234,982 $170,751
2022 $1,124,725 $821,023 $5,004,315 $303,702
2021 $1,088,875 $763,920 $5,080,705 $324,955
2020 $976,245 $775,497 $4,471,915 $200,748
2019 $911,574 $734,999 $4,474,108 $176,575
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