VT ASSOCIATION OF SNOW TRAVELERS INC

EIN: 237157363 501(c)(3)

BARRE, VT

Total Revenue
$4,102,979
Total Expenses
$3,450,204
Total Assets
$6,062,033
Net Assets
$6,055,199
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Organization Details

Formation Year
1967
Legal Domicile
VT
Principal Officer
CYNTHIA LOCKE
Phone
8022290005
Tax Period
2023-10-01 to 2024-09-30

VT ASSOCIATION OF SNOW TRAVELERS INC, founded in 1967, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. The organization ran a surplus of $653K, a strong 16% operating margin.

Mission

THE VERMONT ASSOCIATION OF SNOW TRAVELERS, INC. (VAST) IS A VERMONT BASED NOT-FOR-PROFIT CORPORATION FOUNDED IN 1967. THE PURPOSE OF VAST IS TO COORDINATE THE DEVELOPMENT, MAINTENANCE, AND MANAGEMENT OF VERMONT'S STATEWIDE SNOWMOBILE TRAILS SYSTEM (SSTS) AS WELL AS TO EDUCATE VERMONT SNOWMOBILERS ABOUT THE SAFE, RESPONSIBLE OPERATION OF SNOWMOBILES, AND THE PROTECTION OF VERMONT'S ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $392,695 Revenue: $907,283

STATEWIDE SNOWMOBILE TRAILS PROGRAM (SSTP) - THE STATEWIDE SNOWMOBILE TRAILS SYSTEM (SSTS) IS COMPRISED OF MORE THAN 6,000 MILES OF INTERCONNECTED SNOWMOBILE TRAILS THAT EXTEND FROM THE CANADIAN...

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STATEWIDE SNOWMOBILE TRAILS PROGRAM (SSTP) - THE STATEWIDE SNOWMOBILE TRAILS SYSTEM (SSTS) IS COMPRISED OF MORE THAN 6,000 MILES OF INTERCONNECTED SNOWMOBILE TRAILS THAT EXTEND FROM THE CANADIAN BORDER IN THE NORTH, TO THE MASSACHUSETTS BORDER IN THE SOUTH, AND FROM THE NEW HAMPSHIRE BORDER IN THE EAST, TO THE NEW YORK BORDER IN THE WEST. THROUGH THE STATE OF VERMONT, VAST HAS BEEN AWARDED A COOPERATIVE AGREEMENT AND PARTNERSHIP WITH THE STATE OF VERMONT FOR THE FUTURE DEVELOPMENT, MAINTENANCE AND MANAGEMENT OF THE SSTS. TO THIS DATE, VERMONT IS THE ONLY STATE, OF 27 SNOW-BELT STATES, TO OPERATE ITS SSTP IN PARTNERSHIP WITH A PRIVATE NOT-FOR-PROFIT CORPORATION. FUNDING FOR THIS PROGRAM COMES THROUGH THE STATE OF VERMONT, AGENCY OF NATURAL RESOURCES, DEPARTMENT OF FORESTS, PARKS AND RECREATION, AND IS FROM THE FOLLOWING THREE SOURCES: (1) THE REVENUE COLLECTED FROM THE SALE OF VERMONT SNOWMOBILE REGISTRATIONS; FIVE DOLLARS OF EACH REGISTRATION IS RETAINED BY THE STATE TO FUND LAW ENFORCEMENT. THE DEPARTMENT OF FORESTS, PARKS, AND RECREATION TAKES 11,500 OFF THE TOP FOR ADMINISTRATIVE EXPENSES; (2) THE RETURN OF FINES AND PENALTIES THAT VERMONT COLLECTS FROM CITATIONS ISSUED FOR SNOWMOBILE LAW AND RULE VIOLATIONS; (3) BASED ON A FORMULA DEFINED IN CHAPTER 20, TITLE 10, VERMONT STATUTES ANNOTATED, VAST RECEIVES AN AMOUNT ANNUALLY FROM THE TOTAL GAS TAX COLLECTED.

Program 2
Expenses: $2,250,870 Revenue: $3,088,788

VAST GENERAL PROGRAM - THE MAJOR REVENUE SOURCE FOR THIS BUDGET IS THE SALE OF A TRAIL PASS (TRAILS MAINTENANCE ASSESSMENT, OR "TMA") REQUIRED BY VERMONT LAW IN ORDER TO OPERATE A SNOWMOBILE ON THE...

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VAST GENERAL PROGRAM - THE MAJOR REVENUE SOURCE FOR THIS BUDGET IS THE SALE OF A TRAIL PASS (TRAILS MAINTENANCE ASSESSMENT, OR "TMA") REQUIRED BY VERMONT LAW IN ORDER TO OPERATE A SNOWMOBILE ON THE SSTS. THIS PROGRAM ALSO RECEIVES GRANT FUNDING. ONE SOURCE OF GRANT REVENUE IS THE NATIONAL RECREATIONAL TRAILS PROGRAM. VAST HAS OTHER PARTNERSHIPS WITH FEDERAL AGENCIES, LIKE THE UNITED STATES FOREST SERVICE AND THE UNITED STATES FISH AND WILDLIFE SERVICES THAT BRING IN ADDITIONAL REVENUES. VAST SELLS ADVERTISING IN ITS MAGAZINE (PUBLISHED FIVE TIMES ANNUALLY) FOR ADDITIONAL PROGRAM REVENUE. THIS PROGRAM IS BROKEN DOWN INTO THE FOLLOWING THREE DIVISIONS - (1) ADMINISTRATION - THIS DIVISION OF THE PROGRAM PAYS FOR ADMINISTRATIVE SERVICES FOR THE BALANCE OF THE PROGRAM, INCLUDING ALL SALARIES AND WAGES, AND FRINGE BENEFITS PAID TO VAST STAFF. THE MAJOR INCOME SOURCES ARE A PORTION OF THE TMA REVENUE RAISED ANNUALLY AND THE SALE OF ADVERTISING WITHIN SNOWMOBILE VERMONT AND THE VAST WEBSITE. SNOWMOBILE VERMONT IS THE PRIMARY TOOL FOR COMMUNICATION WITH ITS MEMBERSHIP. THIS PROGRAM DIVISION IS ALSO REIMBURSED FOR EMPLOYEE WAGES AND BENEFITS THAT ARE EXPENDED ON BEHALF OF OTHER PROGRAMS OF VAST. (2) TRAILS - THIS DIVISION OF THE PROGRAM IS, BY FAR, THE LARGEST. VAST RUNS GRANT-IN-AID PROGRAMS FOR LOCAL CLUBS THAT ARE PAID FROM THIS PORTION OF THE VAST BUDGET. GRANT-IN-AID PROGRAMS INCLUDE: TRAIL CONSTRUCTION; TRAIL MAINTENANCE; TRAIL SIGNING; TRAIL DEBRUSHING; EMERGENCY ALLOCATIONS; GROOMING EQUIPMENT; GROOMING OF THE STATEWIDE SNOWMOBILE TRAILS SYSTEM; ETC. THIS DIVISION OF THE PROGRAM ALSO FUNDS VAST PUBLIC RELATIONS AND COMMUNICATIONS. MAJOR FUNDING FOR THIS DIVISION COMES FROM THE SALE OF THE TMA, AS WELL AS GRANTS GENERATED THROUGHOUT THE YEAR. (3) SCHOLARSHIPS - ONE TENTH OF ONE PERCENT OF EVERY VAST TMA GOES TO HELP FUND THIS PROGRAM DIVISION. IN ADDITION, ON JULY 15, 2019 VAST OPENED AN ANNUITY WITH GREAT AMERICAN INSURANCE GROUP IN AN EFFORT TO GAIN MORE INTEREST ON BOARD DESIGNATED AMOUNTS FOR SCHOLARSHIPS. VAST IS NO LONGER AFFILIATED WITH THE AFFINITY PROGRAM WITH LIBERTY MUTUAL INSURANCE COMPANY. CURRENTLY, VAST GIVES TWO 2,500 SCHOLARSHIPS ANNUALLY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,625
Program Service Revenue $3,996,071
Investment Income $112,135
Other Revenue $-29,852
TOTAL REVENUE $4,102,979

Expense Breakdown

Grants Paid $2,056,656
Salaries & Benefits $561,377
Fundraising Expenses $0
Program Expenses $2,643,565
Other Expenses $832,171
TOTAL EXPENSES $3,450,204

Year-over-Year Comparison

2023 2022 Change
Revenue $4,102,979 $4,317,642 0.0%
Expenses $3,450,204 $3,413,102 +0.0%
Net Income $652,775 $904,540 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
7
Volunteers
23612

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
5
$105,458
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA LOCKE EXECUTIVE DI 40.00
Officer
$87,297 $18,161 $105,458
JEFF FAY PRESIDENT 2.00
Officer Director
$0 $0 $0
MARK REAVES VICE PRESIDE 2.00
Officer Director
$0 $0 $0
PATTY COMPANIK TREASURER 2.00
Officer Director
$0 $0 $0
RUTH HALPIN SECRETARY 2.00
Officer Director
$0 $0 $0
PATRICK POULIN DIRECTOR/CHI 2.00
Director
$0 $0 $0
MIKE STEWART DIRECTOR/RUT 2.00
Director
$0 $0 $0
JOHN HULL DIRECTOR/ESS 2.00
Director
$0 $0 $0
DOUG JACOBS DIRECTOR/WIN 2.00
Director
$0 $0 $0
MICHAEL GARBER DIRECTOR/WIN 2.00
Director
$0 $0 $0
BRUCE CARLSON DIRECTOR/CAL 2.00
Director
$0 $0 $0
ROGER GOSSELIN DIRECTOR/ORL 2.00
Director
$0 $0 $0
JULIANN SHERMAN DIRECTOR/ORA 2.00
Director
$0 $0 $0
DUSTIN TURNER DIRECTOR/LAM 2.00
Director
$0 $0 $0
JEFF PORTER DIRECTOR/GRA 2.00
Director
$0 $0 $0
JEFF HALPIN DIRECTOR/WAS 2.00
Director
$0 $0 $0
LEWIS BARNES DIRECTOR/ADD 2.00
Director
$0 $0 $0
MIKE BURNS DIRECTOR/FRA 2.00
Director
$0 $0 $0
CAROL DEJOHN DIRECTOR/BEN 2.00
Director
$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 $4,102,979 $3,450,204 $6,062,033 $652,775
2023 $4,317,642 $3,413,102 $5,410,818 $904,540
2022 $3,617,112 $3,023,657 $4,517,437 $593,455
2021 $4,267,750 $3,552,765 $3,941,465 $714,985
2020 $3,918,954 $3,494,191 $3,241,004 $424,763
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