BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II INC (EIN 813578784) - 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

2016

Legal Domicile

Principal Officer

ADAM GRINOLD

Phone

8022577731

Tax Period

2023-07-01 to 2024-06-30

BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II INC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 7% surplus.

Mission

TO FOSTER, ENCOURAGE, AND 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 (2023)

Revenue Breakdown

Contributions & Grants $382,465

Program Service Revenue $400,006

Investment Income $11,278

Other Revenue $577,856

TOTAL REVENUE $1,371,605

Expense Breakdown

Grants Paid $382,465

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $895,701

TOTAL EXPENSES $1,278,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,371,605	$785,503	+0.7%
Expenses	$1,278,166	$1,068,975	+0.2%
Net Income	$93,439	$-283,472	-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

$310,594

Total Directors

$160,587

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM GRINOLD	PRESIDENT	1.00	Officer Director	$0	$4,677	$160,587
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	$23,793	$150,007

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	$1,371,605	$1,278,166	$341,147	$93,439
2023	$785,503	$1,068,975	$21,698,939	$-283,472
2022	$783,112	$1,044,774	$21,969,490	$-261,662
2021	$783,315	$1,049,064	$22,231,152	$-265,749
2020	$784,621	$1,044,694	$22,515,220	$-260,073
2019	$786,062	$437,476	$22,754,994	$348,586

BRATTLEBORO DEVELOPMENT CREDIT CORPORATION REAL ESTATE HOLDINGS II INC