BELLOWS FALLS AREA DEVELOPMENT CORPORATION (EIN 036012700) - 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

1965

Legal Domicile

Principal Officer

CHRISTOPHER HACKETT

Phone

8024634544

Tax Period

2023-10-01 to 2024-09-30

BELLOWS FALLS AREA DEVELOPMENT CORPORATION, founded in 1965, is a micro nonprofit in the Community Improvement sector that reported $14K in total revenue in fiscal year 2023. The organization ran a surplus of $9K, a strong 62% operating margin.

Mission

TO CREATE OPPORTUNITIES FOR, AND MAINTAIN AN ENVIRONMENT OF VIABLE AND SUSTAINABLE ECONOMIC HEALTH THROUGHOUT THE COMMUNITY. TO SUPPORT AND PROMOTE POLICIES THAT WILL FOSTER LINKED AND COLLABORATIVE INITIATIVES THAT LEVERAGE RESOURCES TO ENSURE APPROPRIATE DEVELOPMENT THAT MEETS THE NEEDS OF THE OVERALL COMMUNITY AND REGION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,291

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,397

TOTAL EXPENSES $5,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,291	N/A	N/A
Expenses	$5,397	$5,980	-0.1%
Net Income	$8,894	$-5,980	-2.5%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DUNBAR	Director	2.00	Director	$0	$0	$0
GARY FOX	Executive Dir.	2.00	Director	$0	$0	$0
LAWRENCE SLASON ESQ	Director	2.00	Director	$0	$0	$0
ELIJAH ZIMMER	Director	2.00	Director	$0	$0	$0
ROBIN SWEETAPPLE	President	2.00	Officer	$0	$0	$0
TONY ELLIOTT	Vice President	2.00	Officer	$0	$0	$0
CHRISTOPHER HACKETT	Treasurer	2.00	Officer	$0	$0	$0
KELLEY COTA TULLY	Secretary	2.00	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	$14,291	$5,397	$642,283	$8,894
2023	No data	$5,980	$633,389	No data
2022	No data	$7,002	$639,369	No data
2021	$2,615	$7,662	$646,371	$-5,047
2020	$38,872	$34,430	$651,418	$4,442
2019	$600,728	$103,177	$646,976	$497,551

BELLOWS FALLS AREA DEVELOPMENT CORPORATION