VERMONT PRINCIPALS ASSOCIATION INC (EIN 036006002) - 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

1915

Legal Domicile

Principal Officer

JAY NICHOLS

Phone

8022290547

Tax Period

2024-07-01 to 2025-06-30

VERMONT PRINCIPALS ASSOCIATION INC, founded in 1915, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

PROVIDING EXEMPLARY PROGRAMS AND SERVICES THAT SUPPORT VERMONT'S STUDENTS AND ITS SCHOOL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $805,856

Program Service Revenue $1,175,502

Investment Income $21,449

Other Revenue $83,953

TOTAL REVENUE $2,086,760

Expense Breakdown

Grants Paid $257,575

Salaries & Benefits $1,066,079

Fundraising Expenses $69,899

Program Expenses $1,866,570

Other Expenses $788,341

TOTAL EXPENSES $2,111,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,086,760	$2,359,542	-0.1%
Expenses	$2,111,995	$2,354,592	-0.1%
Net Income	$-25,235	$4,950	-6.1%

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

Volunteers

250

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

$238,489

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY NICHOLS	Executive Dir.	55.00	Officer	$176,685	$61,804	$238,489
MICHAEL J MCRAITH	ASSOC EX DIR	40.00		$140,412	$14,677	$155,089
TIM PAYNE	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT TABACHNICK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS YOUNG	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
JASON GINGOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK REMMERS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA LECLAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIE MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA FILION	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNSUNEE SWIFT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY GUGGENBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN MCNAUGHTON	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH O'BRIEN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM AVERY	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA FILLION	PRESIDENT	1.00	Officer Director	$0	$0	$0
HOLLY ROUELLE	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	$2,086,760	$2,111,995	$1,076,275	$-25,235
2024	$2,359,542	$2,354,592	$1,136,991	$4,950
2023	$1,793,104	$1,786,726	$1,082,941	$6,378
2022	$1,590,109	$1,571,369	$1,153,261	$18,740
2021	$1,463,208	$1,330,140	$1,229,601	$133,068
2020	$1,453,612	$1,489,042	$981,628	$-35,430
2019	$1,212,060	$1,196,260	$939,666	$15,800

VERMONT PRINCIPALS ASSOCIATION INC