VERMONT COMMUNITY LOAN FUND

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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

1987

Principal Officer

WILLIAM BELONGIA

Phone

8022231448

Tax Period

2025-01-01 to 2025-12-31

VERMONT COMMUNITY LOAN FUND, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2025. Expenses of $3.6M left a modest 5% surplus.

Mission

INVESTING IN PEOPLE AND COMMUNITIES TO CREATE A JUST AND THRIVING VERMONT

Program Service Accomplishments

Program 1

Expenses: $2,941,560 Revenue: $2,263,947

THE ORGANIZATION IS A MISSION-DRIVEN, COMMUNITY-FOCUSED ALTERNATIVE LENDER. WE MAKE LOANS TO LOCAL BUSINESSES, COMMUNITY ORGANIZATIONS & NONPROFITS, CHILD CARE PROVIDERS AND DEVELOPERS OF AFFORDABLE HOUSING WHO DON'T QUALIFY FOR A LOAN FROM A TRADITIONAL LENDER. WE COMBINE OUR LOANS WITH FINANCIAL CONSULTING AND BUSINESS DEVELOPMENT SERVICES TO MAKE SURE OUR BORROWERS HAVE ACCESS TO ALL THE TOOLS THEY NEED TO SUCCEED.

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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 (2025)

Revenue Breakdown

Contributions & Grants $844,035

Program Service Revenue $2,263,947

Investment Income $607,677

Other Revenue $94,638

TOTAL REVENUE $3,810,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,899,215

Fundraising Expenses $121,719

Program Expenses $2,941,560

Other Expenses $1,705,174

TOTAL EXPENSES $3,604,389

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,810,297	$3,729,488	+0.0%
Expenses	$3,604,389	$3,186,578	+0.1%
Net Income	$205,908	$542,910	-0.6%

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

Governance

Voting Members

Independent Members

Employees

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

$248,106

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BELONGIA	EXECUTIVE DI	40.00	Officer	$234,863	$13,243	$248,106
KATHERINE NELSON	EMPLOYEE	40.00	Highest	$139,676	$8,484	$148,160
JAKE IDE	EMPLOYEE	40.00	Highest	$139,301	$8,465	$147,766
DANIEL WINSLOW	EMPLOYEE	40.00	Highest	$109,769	$6,988	$116,757
SARAH PHILLIPS	EMPLOYEE	40.00	Highest	$109,677	$6,984	$116,661
DR ASMA ALI ABUNAIB	MEMBER	1.00	Director	$0	$0	$0
ARNE HAMMARLUND	TREASURER	1.00	Officer Director	$0	$0	$0
GWEN POKALO HART	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM KEISER	MEMBER	1.00	Director	$0	$0	$0
CHLOE LEAREY	MEMBER	1.00	Director	$0	$0	$0
MATTHEW PLASSE	MEMBER	1.00	Director	$0	$0	$0
LORENA NEIRONI ROSSI	MEMBER	N/A	Director	$0	$0	$0
JANET SPITLER	MEMBER	1.00	Director	$0	$0	$0
STEPHANIE WERNHOFF	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MICHAEL THOMPSON	SECRETARY	1.00	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
2025	$3,810,297	$3,604,389	$60,301,600	$205,908
2024	$3,729,488	$3,186,578	$54,034,638	$542,910
2023	$3,257,007	$3,155,260	$52,714,194	$101,747
2022	$3,049,200	$2,677,781	$51,802,353	$371,419
2021	$6,288,284	$2,856,645	$52,195,414	$3,431,639
2020	$3,862,126	$2,599,572	$46,833,767	$1,262,554
2019	$2,822,425	$2,796,955	$43,152,918	$25,470
2018	$4,712,860	$3,029,008	$41,660,713	$1,683,852