BRATTLEBORO DEVELOPMENT CREDIT CORP

EIN: 036010485 Community Improvement

BRATTLEBORO, VT

Total Revenue
$6,319,873
Total Expenses
$5,202,362
Total Assets
$20,084,094
Net Assets
$15,194,968
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
VT
Principal Officer
DEBORAH BOYLE
Phone
8022577731
Tax Period
2024-07-01 to 2025-06-30

BRATTLEBORO DEVELOPMENT CREDIT CORP, founded in 1954, is a community nonprofit in the Community Improvement sector that reported $6.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 18% operating margin.

Mission

BRATTLEBORO DEVELOPMENT CREDIT CORPORATION (BDCC), IS A PRIVATE, NONPROFIT (SEE SCH. O)ECONOMIC DEVELOPMENT ORGANIZATION THAT SERVES AS A CATALYST FOR INDUSTRIAL AND COMMERCIAL GROWTH THROUGHOUT SOUTHEASTERN VERMONT, INCLUDING WINDHAM COUNTY AND THE TOWNS OF READSBORO, SEARSBURG, WESTON, AND WINHALL. THE PRIMARY OBJECTIVE OF THE BDCC IS TO INVEST IN THE DRIVERS OF THE REGIONAL ECONOMY SO THAT PEOPLE, BUSINESSES, AND COMMUNITIES IN SOUTHERN VERMONT CAN THRIVE. OUR VISION STATEMENT READS: PEOPLE WHO LOVE SOUTHERN VERMONT HAVE OPPORTUNITIES TO THRIVE HERE.

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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 $1,994,453
Program Service Revenue $3,836,860
Investment Income $426,829
Other Revenue $61,731
TOTAL REVENUE $6,319,873

Expense Breakdown

Grants Paid $203,724
Salaries & Benefits $1,872,769
Fundraising Expenses $0
Other Expenses $3,125,869
TOTAL EXPENSES $5,202,362

Year-over-Year Comparison

2024 2023 Change
Revenue $6,319,873 $5,989,794 +0.1%
Expenses $5,202,362 $4,883,462 +0.1%
Net Income $1,117,511 $1,106,332 +0.0%
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

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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
11
Independent Members
11
Employees
22
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
6
$329,245
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG MISKOVICH CHAIR 1.00
Officer Director
$0 $0 $0
TAMMY RICHARDS VICE CHAIR 1.00
Officer Director
$0 $0 $0
DEBBIE BOYLE TREASURER 1.00
Officer Director
$0 $0 $0
JOHN MEYER ASST. TREASURER 1.00
Officer Director
$0 $0 $0
BOB STEVENS TRUSTEE 1.00
Director
$0 $0 $0
DAN NORMANDEAU TRUSTEE 1.00
Director
$0 $0 $0
MARK RICHARDS TRUSTEE 1.00
Director
$0 $0 $0
KEVIN MEYER TRUSTEE 1.00
Director
$0 $0 $0
TRACEY JOHN TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH BRIDGEWATER TRUSTEE 1.00
Director
$0 $0 $0
STEPHAN MORSE TRUSTEE 1.00
Director
$0 $0 $0
ADAM GRINOLD EXECUTIVE DIRECTOR 40.00
Officer
$159,863 $5,411 $165,274
BOBBI KILBURN DIRECTOR OF FINANCE 40.00
Officer
$136,869 $27,102 $163,971
JEN STROMSTEN DIRECTOR OF PROGRAMS 40.00
Highest
$108,335 $3,677 $112,012
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 $6,319,873 $5,202,362 $20,084,094 $1,117,511
2024 $5,989,794 $4,883,462 $17,790,310 $1,106,332
2023 $5,445,267 $4,738,385 $29,036,082 $706,882
2022 $6,512,672 $4,545,344 $36,714,715 $1,967,328
2021 $6,662,012 $5,975,636 $32,397,294 $686,376
2020 $4,130,891 $3,619,367 $29,604,782 $511,524
2019 $4,229,000 $3,820,276 $28,635,501 $408,724
2018 $4,270,278 $3,817,479 $28,250,629 $452,799
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