VERMONT LOW INCOME TRUST FOR ELECT… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

GABRIELLE MALINA

Phone

8027934330

Tax Period

2024-01-01 to 2024-12-31

VERMONT LOW INCOME TRUST FOR ELECTRICITY INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Net assets of $9.7M represent 109 months of operating reserves.

Mission

ADVANCEMENT OF THE PUBLIC GOOD THOUGH FUNDING ENERGY PROJECTS AND INITIATIVES THAT SERVE LOW INCOME VERMONTERS AND FURTHER ENERGY POLICIES CONSISTENT WITH VERMONT'S COMPREHENSIVE ENERGY PLAN.

Program Service Accomplishments

Program 1

Expenses: $769,000

EFFICIENCY/ LOW INCOME PROGRAMSVLITE PROVIDED FUNDING FOR PROGRAMS THROUGH COMMUNITY RIDES VERMONT, RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES, RESOURCE, LAMOILLE HOUSING PARTNERSHIP, RIVERFLOW...

EFFICIENCY/ LOW INCOME PROGRAMSVLITE PROVIDED FUNDING FOR PROGRAMS THROUGH COMMUNITY RIDES VERMONT, RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES, RESOURCE, LAMOILLE HOUSING PARTNERSHIP, RIVERFLOW COMMUNITY. AND HEARTBEET LIFESHARING CORP.

Program 2

Expenses: $305,000

COMPREHENSIVE ENERGY PLANVLITE PROVIDED FUNDING THROUGH CLIMATE ECONOMY ACTION CENTER OF ADDISON COUNTY, VERMONT COUNCIL ON RURAL DEVELOPMENT, AND TOWN OF FAIR HAVEN, VT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,070,483

Other Revenue $0

TOTAL REVENUE $1,070,483

Expense Breakdown

Grants Paid $1,074,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,074,000

Other Expenses $94,325

TOTAL EXPENSES $1,168,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,070,483	$1,051,940	+0.0%
Expenses	$1,168,325	$768,383	+0.5%
Net Income	$-97,842	$283,557	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY KLEIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER WALKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH HOFMANN	TREASURER	2.00	Officer Director	$0	$0	$0
LARRY LACKEY	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL DRAGON	DIRECTOR	1.00	Director	$0	$0	$0
JEAN HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
AMY SHOLLENBERGER	DIRECTOR	1.00	Director	$0	$0	$0
GABRIELLE MALINA	EXECUTIVE DIR.	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	No data	No data	No data	No data
2024	$1,070,483	$1,168,325	$10,567,949	$-97,842
2023	$1,051,940	$768,383	$10,462,749	$283,557
2022	$1,034,669	$1,531,710	$10,644,565	$-497,041
2021	$1,034,699	$1,446,068	$10,869,108	$-411,369
2020	$1,034,946	$646,778	$10,897,095	$388,168
2019	$1,293,233	$704,048	$10,522,559	$589,185
2018	$882,124	$1,040,095	$9,819,207	$-157,971

VERMONT LOW INCOME TRUST FOR ELECTRICITY INC