King Street Center Foundation Inc

EIN: 472238708 501(c)(3)

Burlington, VT

Total Revenue
$1,865,379
Total Expenses
$353,971
Total Assets
N/A
Net Assets
N/A
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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
2014
Legal Domicile
VT
Principal Officer
Shabnam Nolan
Phone
8028626736
Tax Period
2021-04-01 to 2022-03-31

King Street Center Foundation Inc, founded in 2014, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2021. Revenue surged 2146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 81% operating margin.

Mission

To support King Street Center, Inc. ("KSC") by 1) purchasing certain real property, 2) leasing the Project Property to KSC and 3) all other purposes permitted by law that further the support of KSC.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $26
Other Revenue $1,865,353
TOTAL REVENUE $1,865,379

Expense Breakdown

Grants Paid $55,311
Salaries & Benefits $0
Fundraising Expenses $2,064
Program Expenses $256,510
Other Expenses $298,660
TOTAL EXPENSES $353,971

Year-over-Year Comparison

2021 2020 Change
Revenue $1,865,379 $83,049 +21.5%
Expenses $353,971 $330,060 +0.1%
Net Income $1,511,408 $-247,011 -7.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$112,436
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shabnam Nolan President (Oct - Mar) 2.00
Officer
$0 $1,770 $27,685
Victoria Smith President (Apr - Nov) 2.00
Officer
$0 $14,121 $84,751
Michael Monte Director 0.20
Director
$0 $0 $0
Anna Grady Director 0.20
Director
$0 $0 $0
Stacy Fagan Director 0.20
Director
$0 $0 $0
Eric Ode Director 0.20
Director
$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
2022 $1,865,379 $353,971 No data $1,511,408
2021 $83,049 $330,060 $5,014,684 $-247,011
2020 $83,168 $330,579 $5,261,695 $-247,411
2019 $83,160 $331,712 $5,505,009 $-248,552
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