SOUTHEASTERN VERMONT ECONOMIC DEVE… - 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

2012

Legal Domicile

Principal Officer

WENDY HARRISON

Phone

8022577731

Tax Period

2022-07-01 to 2023-06-30

SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $177K in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $162K left a modest 8% surplus.

Mission

SEVEDS EXISTS TO REVERSE THE WINDHAM REGIONS ECONOMIC DECLINE. WE ENVISION DEVELOPING THE SOUTHERN VERMONT ECONOMY TO GENERATE LONG-TERM GROWTH AND PROSPERITY, IMPROVE THE REGIONS QUALITY OF LIFE, AND SUSTAIN ITS QUALITY OF PLACE.

Program Service Accomplishments

Program 1

Expenses: $152,103 Revenue: $12,791

MAINTAIN A VALID WINDHAM REGION "COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY AND SUPPORT AND CO-ADMINISTER AN EDA FUNDED JOINT CEDS TO THE BENEFIT OF WINDHAM AND BENNINGTON COUNTIES. SUPPORT...

MAINTAIN A VALID WINDHAM REGION "COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY AND SUPPORT AND CO-ADMINISTER AN EDA FUNDED JOINT CEDS TO THE BENEFIT OF WINDHAM AND BENNINGTON COUNTIES. SUPPORT WORKFORCE CENTER OF EXCELLENCE COLLABORATIVE BETWEEN PROVIDERS AND USERS OF WORKFORCE DEVELOPMENT SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $161,542

Program Service Revenue $1,497

Investment Income $2,435

Other Revenue $11,294

TOTAL REVENUE $176,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,718

Fundraising Expenses $0

Program Expenses $152,103

Other Expenses $27,612

TOTAL EXPENSES $162,330

Year-over-Year Comparison

	2022	2021	Change
Revenue	$176,768	$163,320	+0.1%
Expenses	$162,330	$148,674	+0.1%
Net Income	$14,438	$14,646	0.0%

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

$278,248

Total Directors

$152,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY HARRISON	CHAIR	1.00	Officer Director	$0	$0	$0
MEG STREETER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
GARY FOX	TREASURER	1.00	Officer Director	$0	$0	$0
BILL COLVIN	CLERK	1.00	Officer Director	$0	$0	$0
SAMBA DIALLO	DIRECTOR	1.00	Director	$0	$0	$0
PETER CARVELL	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GRINOLD	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$4,455	$152,968
MARY ANN KRISTIANSEN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH MARKS	DIRECTOR	1.00	Director	$0	$0	$0
DREW RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
AVERY SCHWENK	DIRECTOR	1.00	Director	$0	$0	$0
SUE WESTA	DIRECTOR	1.00	Director	$0	$0	$0
TOM CAIN	DIRECTOR (JOINED FY 2023)	1.00	Director	$0	$0	$0
KATHLEEN MCGRAW	DIRECTOR (JOINED FY 2023)	1.00	Director	$0	$0	$0
ROBERT STEVENS	DIRECTOR (RESIGNED - 7/1/22)	0.00	Director	$0	$0	$0
KONSTANTIN VON KRUSENSTIERN	DIRECTOR (RESIGNED - 7/1/22)	0.00	Director	$0	$0	$0
BOBBI KILBURN	DIRECTOR OF FINANCE	1.00	Officer	$0	$9,600	$125,280

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	No data	No data	No data	No data
2023	$176,768	$162,330	$160,495	$14,438
2022	$163,320	$148,674	$143,666	$14,646
2021	$193,727	$152,710	$127,367	$41,017
2020	$192,780	$173,309	$100,463	$19,471
2019	$194,236	$190,399	$78,674	$3,837

SOUTHEASTERN VERMONT ECONOMIC DEVELOPMENT STRATEGIES INC