VERMONT STUDIO CENTER INC

EIN: 222478074 501(c)(3)

JOHNSON, VT

Total Revenue
$6,476,898
Total Expenses
$6,159,882
Total Assets
$18,150,526
Net Assets
$17,676,295
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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
1983
Legal Domicile
VT
Principal Officer
HOPE SULLIVAN
Phone
8026352727
Tax Period
2023-01-01 to 2023-12-31

VERMONT STUDIO CENTER INC, founded in 1983, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $6.2M left a modest 5% surplus.

Mission

SUPPORT ARTISTS AND WRITERS BY PROVIDING STUDIO RESIDENCIES.

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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 $2,286,330
Program Service Revenue $3,915,756
Investment Income $246,927
Other Revenue $27,885
TOTAL REVENUE $6,476,898

Expense Breakdown

Grants Paid $2,458,756
Salaries & Benefits $1,348,453
Fundraising Expenses $334,941
Program Expenses $4,763,139
Other Expenses $2,352,673
TOTAL EXPENSES $6,159,882

Year-over-Year Comparison

2023 2022 Change
Revenue $6,476,898 $4,518,503 +0.4%
Expenses $6,159,882 $5,007,258 +0.2%
Net Income $317,016 $-488,755 -1.6%
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
13
Independent Members
13
Employees
33
Volunteers
22

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
7
$89,998
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE REBERNAK INTERIM CHAIR 1.00
Officer Director
$0 $0 $0
SARAH LUTZ INTERIM VICE CHAIR 1.00
Officer Director
$0 $0 $0
LES FISHMAN TREASURER 1.00
Officer Director
$0 $0 $0
SUSAN NEWBOLD INTERIM SECRETARY 1.00
Officer Director
$0 $0 $0
WILLARD BOEPPLE TRUSTEE 1.00
Director
$0 $0 $0
DEBORAH CLEARMAN TRUSTEE 1.00
Director
$0 $0 $0
HOWARD EL-YASIN TRUSTEE 1.00
Director
$0 $0 $0
MELINDA HACKETT TRUSTEE 1.00
Director
$0 $0 $0
MUSA MAYER TRUSTEE 1.00
Director
$0 $0 $0
LAURA WATT TRUSTEE 1.00
Director
$0 $0 $0
JO WEISS TRUSTEE 1.00
Director
$0 $0 $0
BARBARA MARKS CHAIR (TERM 2023) 1.00
Officer Director
$0 $0 $0
MAJOR JACKSON TRUSTEE (TERM 2023) 1.00
Director
$0 $0 $0
RYAN WALSH TRUSTEE (TERM 2023) 1.00
Director
$0 $0 $0
TERESA ERNST WATERMAN TRUSTEE (TERM 2023) 1.00
Director
$0 $0 $0
HOPE SULLIVAN EXECUTIVE DIRECTOR 40.00
Officer
$89,998 $0 $89,998
JENNIFER BLAIR DTR. FINANCE & HR 40.00
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 No data No data No data No data
2023 $6,476,898 $6,159,882 $18,150,526 $317,016
2022 $4,518,503 $5,007,258 $17,171,734 $-488,755
2021 $4,687,878 $2,272,302 $18,966,980 $2,415,576
2021 $4,687,878 $2,251,294 $18,966,980 $2,436,584
2020 $5,042,680 $3,389,606 $16,798,643 $1,653,074
2019 $6,139,067 $5,152,628 $15,461,385 $986,439
2018 $5,292,062 $5,040,228 $13,029,821 $251,834
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