THE CURTIS FUND INC

EIN: 036009912 501(c)(3) Education

MIDDLEBURY, VT

Total Revenue
$1,483,670
Total Expenses
$2,494,314
Total Assets
$33,022,351
Net Assets
$33,015,246
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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
2018
Legal Domicile
VT
Principal Officer
DANIEL SMITH
Phone
8023883355
Tax Period
2023-01-01 to 2023-12-31

THE CURTIS FUND INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.5M exceeded revenue, resulting in a 68% operating deficit.

Mission

THE CURTIS FUND PROVIDES EDUCATIONAL SCHOLARSHIPS TO VERMONT STUDENTS PURSUING A POSTSECONDARY EDUCATION, AIMING TO LEVEL THE PLAYING FIELD SO THAT EVERY VERMONTER HAS A CHANCE TO OBTAIN THE EDUCATION THEY NEED, REGARDLESS OF FAMILY BACKGROUND, INCOME LEVEL, OR BIRTHPLACE.

Program Service Accomplishments

Program 1
Expenses: $2,161,586 Revenue: $0

THE CURTIS FUND PROVIDES SCHOLARSHIPS TO RECENT VERMONT HIGH SCHOOL GRADUATES AND ADULT LEARNERS WHO DEMONSTRATED A FINANCIAL NEED AND CHOSE TO PURSUE POST-SECONDARY EDUCATION. IN ADDITION, THE...

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THE CURTIS FUND PROVIDES SCHOLARSHIPS TO RECENT VERMONT HIGH SCHOOL GRADUATES AND ADULT LEARNERS WHO DEMONSTRATED A FINANCIAL NEED AND CHOSE TO PURSUE POST-SECONDARY EDUCATION. IN ADDITION, THE PROGRAM HAS EXPANDED TO HIGH SCHOOL GRADUATES AND ADULT LEARNERS WHO MAY BE LOOKING FOR EDUCATIONAL OPPORTUNITIES IN CAREER DEVELOPMENT, COMMONLY REFERRED TO AS CREDENTIALS OF VALUE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $364,486
Program Service Revenue $0
Investment Income $1,119,184
Other Revenue $0
TOTAL REVENUE $1,483,670

Expense Breakdown

Grants Paid $2,132,907
Salaries & Benefits $102,660
Fundraising Expenses $86,288
Program Expenses $2,161,586
Other Expenses $258,747
TOTAL EXPENSES $2,494,314

Year-over-Year Comparison

2023 2022 Change
Revenue $1,483,670 $1,318,409 +0.1%
Expenses $2,494,314 $2,206,234 +0.1%
Net Income $-1,010,644 $-887,825 +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

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Governance

Voting Members
9
Independent Members
8
Employees
1
Volunteers
8

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
5
$386,701
Total Directors
7
$386,701
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL SMITH SECRETARY 0.50
Officer Director
$0 $60,936 $290,462
SHANA TROMBLEY EXECUTIVE DIRECTOR 40.00
Officer Director
$81,257 $14,982 $96,239
PEGGY WILLIAMS DIRECTOR 0.50
Director
$0 $0 $0
SETH BOWDEN DIRECTOR 0.50
Director
$0 $0 $0
LEILANI PEARL DIRECTOR 0.50
Director
$0 $0 $0
HILLARY BURROWS DIRECTOR 0.50
Director
$0 $0 $0
JOAN GOLDSTEIN DIRECTOR 0.50
Director
$0 $0 $0
AMY MELLENCAMP PRESIDENT 0.50
Officer
$0 $0 $0
MICHAEL METZ VICE- PRESIDENT 0.50
Officer
$0 $0 $0
MICHAEL BREEN TREASURER 0.50
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
2024 No data No data No data No data
2023 $1,483,670 $2,494,314 $33,022,351 $-1,010,644
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