BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS INC (EIN 810687884) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

ADAM GRINOLD

Phone

8022577731

Tax Period

2024-07-01 to 2025-06-30

BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS INC, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $9K in total revenue in fiscal year 2024. Revenue surged 857% from the prior year, signaling strong growth momentum. Expenses of $11K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO FOSTER, ENCOURAGE & ASSIST THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $9,479

Other Revenue $0

TOTAL REVENUE $9,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $10,601

TOTAL EXPENSES $10,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,479	$990	+8.6%
Expenses	$10,601	$52,281	-0.8%
Net Income	$-1,122	$-51,291	-1.0%

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

$329,245

Total Directors

$165,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM GRINOLD	PRESIDENT	1.00	Officer Director	$0	$5,411	$165,274
CRAIG MISKOVICH	SECRETARY	1.00	Officer Director	$0	$0	$0
DART EVERETT	TREASURER	1.00	Officer Director	$0	$0	$0
BOBBI KILBURN	DIRECTOR OF FINANCE	1.00	Officer	$0	$27,102	$163,971

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	$9,479	$10,601	$471,923	$-1,122
2024	No data	No data	No data	No data
2023	$664,916	$475,565	$190,780	$189,351
2022	$552,941	$845,621	$16,974,658	$-292,680
2021	$553,071	$844,956	$17,264,156	$-291,885
2020	$554,436	$843,071	$17,563,089	$-288,635
2019	$554,277	$515,562	$17,840,812	$38,715
2018	$554,178	$288,526	$17,796,415	$265,652

BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS INC