GROW GREATER BURLINGTON 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

1971

Legal Domicile

Principal Officer

AMY O'BRIEN

Phone

3197526365

Tax Period

2023-01-01 to 2023-12-31

GROW GREATER BURLINGTON INC, founded in 1971, is a small nonprofit that reported $873K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $230K, a strong 26% operating margin.

Mission

THE MISSION OF THIS ORGANIZATION IS THE PROMOTION OF THE SOCIAL WELFARE OF THE CITIES OF BURLINGTON AND WEST BURLINGTON AND SURROUNDING AREAS BY ATTRACTING INDUSTRIES AND ENCOURAGING EXISTING INDUSTRIES TO EXPAND, AND THE PROMOTION OF OTHER ECONOMIC DEVELOPMENT THEREBY CREATING INCREASED EMPLOYMENT AND ECONOMIC OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $494,939 Revenue: $13,550

ATTRACTING NEW INDUSTRY TO THE COMMUNITY AS WELL AS ENCOURAGING EXPANSION OF EXISTING INDUSTRY IN THE COMMUNITY THROUGH WORKFORCE DEVELOPMENT PROGRAMMING AND COMMUNITY ENHANCEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $646,103

Program Service Revenue $13,550

Investment Income $198,987

Other Revenue $14,508

TOTAL REVENUE $873,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,215

Fundraising Expenses $0

Program Expenses $494,939

Other Expenses $192,200

TOTAL EXPENSES $643,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$873,148	$743,423	+0.2%
Expenses	$643,415	$816,829	-0.2%
Net Income	$229,733	$-73,406	-4.1%

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

N/A

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

$244,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELLA SCHMIDT	PRESIDENT	28.00	Officer	$111,093	$16,740	$175,444
MARY BETH SANCHEZ	CFO	14.00	Officer	$17,273	$10,500	$69,479
ERIC BENNE	CHAIR	1.00	Officer Director	$0	$0	$0
BOB HUFFMAN	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
TINA MCCULLOCH	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLIE WALSH	FORMER CHAIR	1.00	Director	$0	$0	$0
CHRIS SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN BROSS	DIRECTOR	1.00	Director	$0	$0	$0
SUE SORENSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
BROCK ITA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ASH	DIRECTOR	1.00	Director	$0	$0	$0
BRADEN MANNING	DIRECTOR	1.00	Director	$0	$0	$0
GARY HOYER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE PLUNKETT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ZAUGG	DIRECTOR	1.00	Director	$0	$0	$0
RYAN NAGROCKI	DIRECTOR	1.00	Director	$0	$0	$0
TOM PETERSON LEFT 2023	DIRECTOR	1.00	Director	$0	$0	$0
AMY O'BRIEN	PRESIDENT	N/A	Officer	$0	$0	$0
CRYSTAL JOLIN	CFO	N/A	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	$873,148	$643,415	$2,441,896	$229,733
2022	$743,423	$816,829	$2,280,533	$-73,406
2021	$988,772	$628,949	$2,226,687	$359,823
2020	$587,372	$531,002	$2,389,670	$56,370
2019	$511,953	$597,735	$2,535,374	$-85,782
2018	$865,020	$861,575	$2,653,533	$3,445