VERMONT COLLEGE OF FINE ARTS INC (EIN 208384273) - 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

2006

Legal Domicile

Principal Officer

ANDREW RAMSAMMY

Phone

8028288600

Tax Period

2024-07-01 to 2025-06-30

VERMONT COLLEGE OF FINE ARTS INC, founded in 2006, is a community nonprofit in the Education sector that reported $5.7M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $9.7M exceeded revenue, resulting in a 71% operating deficit.

Mission

VCFA IS A GLOBAL COMMUNITY OF ARTISTS CONTINUALLY REDEFINING WHAT IT MEANS TO BE AN ARTS COLLEGE. WE MEASURE OUR SUCCESS BY OUR ABILITY TO FOSTER THE EXCELLENCE OF EMERGING AND ESTABLISHED PRACTITIONERS. WE BELIEVE THAT THE ARTS ARE CENTRAL TO THE HUMAN EXPERIENCE AND HAVE THE ABILITY NOT ONLY TO REFLECT REALITY BUT ALSO TO CREATE IT.

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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 $856,420

Program Service Revenue $5,702,977

Investment Income $-833,631

Other Revenue $-23,596

TOTAL REVENUE $5,702,170

Expense Breakdown

Grants Paid $1,614,147

Salaries & Benefits $4,530,830

Fundraising Expenses $275,074

Program Expenses $7,653,027

Other Expenses $3,603,476

TOTAL EXPENSES $9,748,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,702,170	$7,599,605	-0.2%
Expenses	$9,748,453	$11,917,484	-0.2%
Net Income	$-4,046,283	$-4,317,879	-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

Governance

Voting Members

Independent Members

Employees

150

Volunteers

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

$874,918

Total Directors

$727,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW RAMSAMMY	PRESIDENT	35.00	Officer Director	$150,025	$775	$150,800
MICHAEL GOLDSTEIN	BOARD CHAIR (THRU 4/26/25)	1.00	Officer Director	$0	$0	$0
HEIDI MOHLMAN TRINGE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CHEBON MARSHALL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CATHERINE CARVELLI	TRUSTEE (THRU 8/2/24)	1.00	Director	$0	$0	$0
MELISSA COBB	TRUSTEE	1.00	Director	$0	$0	$0
PAUL CRONSON	TRUSTEE	1.00	Director	$0	$0	$0
JOAN GRUBIN	TRUSTEE	1.00	Director	$0	$0	$0
MIKE HOGAN	TRUSTEE (THRU 8/2/24)	1.00	Director	$0	$0	$0
STEVEN HOLLEY	TRUSTEE	1.00	Director	$0	$0	$0
KATE HOSFORD	TRUSTEE	1.00	Director	$0	$0	$0
BARRY JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
CASPER MARTIN	TRUSTEE (THRU 8/2/24)	1.00	Director	$0	$0	$0
ALEXANDRA MOORE	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE PATERSON	TRUSTEE (THRU 8/2/24)	1.00	Director	$0	$0	$0
TINA PERRY	TRUSTEE	1.00	Director	$0	$0	$0
RAVI RAJAN	TRUSTEE	1.00	Director	$0	$49,291	$576,732
MICHAEL ROSENFELD	TRUSTEE (THRU 8/2/24)	1.00	Director	$0	$0	$0
MARK SWICEGOOD	TRUSTEE	1.00	Director	$0	$0	$0
JEFF WIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
LORI HUSEIN	CFO, TREASURER (AS OF 8/2/24)	10.00	Officer	$0	$35,817	$382,762
KATIE GUSTAFSON	CFO (THRU 5/9/25)	35.00	Officer	$196,195	$4,099	$200,294
EDWARD ANDREAS NASSER	SECRETARY	7.50	Officer	$0	$11,321	$141,062
KATHERINE PALARDY	CONTROLLER	35.00	Highest	$107,946	$27,676	$135,622
KATIE RASMUSSEN	DEAN OF STUDENTS	35.00	Highest	$107,799	$12,421	$120,220
MARY-KIM ARNOLD	DEAN OF FACULTY	35.00	Highest	$103,704	$27,640	$131,344

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	$5,702,170	$9,748,453	$4,041,506	$-4,046,283
2024	$7,599,605	$11,917,481	$8,406,608	$-4,317,876
2023	$20,675,668	$15,722,964	$17,225,052	$4,952,704
2022	$9,896,722	$9,721,314	$16,896,015	$175,408
2021	$10,446,339	$10,471,201	$16,609,181	$-24,862
2020	$9,860,501	$10,091,269	$18,020,079	$-230,768
2019	$10,008,365	$11,369,576	$17,756,749	$-1,361,211
2018	$10,954,138	$11,343,202	$19,222,412	$-389,064

VERMONT COLLEGE OF FINE ARTS INC