Vermont Permanency Initiative Inc

EIN: 461549267 501(c)(3) Youth Development

Plymouth, NH

Total Revenue
$15,661,463
Total Expenses
$14,081,399
Total Assets
$19,846,837
Net Assets
$17,299,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VT
Principal Officer
Jeffrey Caron
Phone
6033539102
Tax Period
2024-07-01 to 2025-06-30

Vermont Permanency Initiative Inc, founded in 2012, is a mid-sized nonprofit in the Youth Development sector that reported $15.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $14.1M left a modest 10% surplus.

Mission

To establish, organize, maintain and conduct a program for the education and treatment of youth in the state of Vermont.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,293,594
Investment Income $367,869
Other Revenue $0
TOTAL REVENUE $15,661,463

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,832,525
Fundraising Expenses $0
Program Expenses $11,501,783
Other Expenses $3,248,874
TOTAL EXPENSES $14,081,399

Year-over-Year Comparison

2024 2023 Change
Revenue $15,661,463 $16,503,883 -0.1%
Expenses $14,081,399 $13,848,851 +0.0%
Net Income $1,580,064 $2,655,032 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
234
Volunteers
3

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
4
$225,618
Total Directors
3
$0
Key Employees
1
$166,007
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Bannon Trustee 1.00
Director
$0 $0 $0
Andrew Ribolini Trustee 1.00
Director
$0 $0 $0
Kendall Turner Trustee 1.00
Director
$0 $0 $0
Jeffrey Caron President 10.00
Officer
$125,000 $5,000 $130,000
Jeffrey Park Secretary 1.00
Officer
$0 $0 $0
John Sears Past CFO 10.00
Officer
$45,804 $5,504 $51,308
Rae Green CFO/Treasurer 10.00
Officer
$40,021 $4,289 $44,310
Laurae Baker COO 40.00
Key Emp
$155,150 $10,857 $166,007
Steven Lussier Executive Director 40.00
Highest
$121,971 $25,728 $147,699
Arthur Racette Director of Operations 40.00
Highest
$128,876 $5,138 $134,014
Paige Canalini Executive Director 40.00
Highest
$117,040 $25,272 $142,312
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 $15,661,463 $14,081,399 $19,846,837 $1,580,064
2024 No data No data No data No data
2023 $17,888,221 $13,474,419 $15,691,392 $4,413,802
2022 $14,500,913 $12,258,239 $12,996,079 $2,242,674
2021 $16,308,251 $12,928,792 $11,154,700 $3,379,459
2020 $15,150,156 $13,971,424 $12,986,097 $1,178,732
2019 $16,861,299 $17,038,831 $9,957,062 $-177,532
2018 $20,622,386 $20,087,912 $9,857,828 $534,474
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