BARRE, VT
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Sign In — Free (10 views/day)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.
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.
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...
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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