Vermont Quilt Festival Inc

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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

1977

Legal Domicile

Phone

8028720034

Tax Period

2021-01-01 to 2021-12-31

Vermont Quilt Festival Inc, founded in 1977, is a small nonprofit that reported $134K in total revenue in fiscal year 2021. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Promote the making of quilts and displays to encourage quilting, quilt ideas and exhibits through quilting shows, lectures

Program Service Accomplishments

Program 1

Expenses: $104,002 Revenue: $125,462

Quilt festival to promote, educate, and develop the craft of quilt making within the community.

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,372

Program Service Revenue $109,362

Investment Income $28

Other Revenue $16,100

TOTAL REVENUE $133,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,982

Fundraising Expenses $0

Program Expenses $104,002

Other Expenses $81,474

TOTAL EXPENSES $141,456

Year-over-Year Comparison

	2021	2020	Change
Revenue	$133,862	$117,503	+0.1%
Expenses	$141,456	$81,593	+0.7%
Net Income	$-7,594	$35,910	-1.2%

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

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

$1,200

Total Directors

$8,650

Key Employees

$14,325

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ellen Morris	Treasurer	1.00	Officer Director	$0	$0	$0
Patty Sawyer	Education Chair	1.00	Director	$1,200	$0	$1,200
Pat Marmillion	Volunteer Chair	1.00	Director	$1,200	$0	$1,200
Carrie Zizza	Contest Chair	1.00	Director	$1,200	$0	$1,200
Bruce Harmon	Bookkeeper	3.00	Key Emp	$3,970	$0	$3,970
Kaitlin Delano	Show Coordinator	17.00	Highest	$33,359	$0	$33,359
Marty Del Nevo	Chair	1.00	Officer Director	$1,200	$0	$1,200
Trista Ringer	Social Media Manager	6.00	Key Emp	$10,355	$0	$10,355
Diane Gilleran	Vendor Chair	1.00	Director	$1,200	$0	$1,200
Laura Clements	Exhibits Chair	1.00	Director	$1,200	$0	$1,200
Sandy Salazar	Registrar	1.00	Director	$1,200	$0	$1,200
Bonnie Peters	Events/Program Chair	1.00	Director	$250	$0	$250

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
2021	$133,862	$141,456	$124,503	$-7,594
2020	$117,503	$81,593	$141,086	$35,910
2019	$296,215	$319,448	$96,693	$-23,233
2018	$288,443	$291,263	$119,673	$-2,820