ALBANY COMMUNITY TRUST INC

EIN: 824708126 501(c)(3) Community Improvement

ALBANY, VT

Total Revenue
$26,957
Total Expenses
$43,351
Total Assets
$856,748
Net Assets
$854,217
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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
2019
Legal Domicile
VT
Principal Officer
KRISTEN FOUNTAIN
Phone
8025869902
Tax Period
2022-01-01 to 2022-12-31

ALBANY COMMUNITY TRUST INC, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $27K in total revenue in fiscal year 2022. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 61% operating deficit.

Mission

DEDICATED TO SUPPORTING POSITIVE GROWTH AND INCREASED VIBRANCY IN THE TOWN OF ALBANY, VT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,557
Program Service Revenue $8,400
Investment Income $0
Other Revenue $0
TOTAL REVENUE $26,957

Expense Breakdown

Grants Paid $4,820
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,885
Other Expenses $38,531
TOTAL EXPENSES $43,351

Year-over-Year Comparison

2022 2021 Change
Revenue $26,957 $320,690 -0.9%
Expenses $43,351 $61,410 -0.3%
Net Income $-16,394 $259,280 -1.1%
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
10

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANNAH PEARCE PRESIDENT 1.00
Officer Director
$0 $0 $0
KRISTIN URIE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KRISTEN FOUNTAIN TREASURER 1.00
Officer Director
$0 $0 $0
SONYA KITTREDGE SECRETARY 1.00
Officer 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 $26,957 $43,351 $856,748 $-16,394
2021 $320,690 $61,410 $877,711 $259,280
2020 $438,547 $40,466 $762,516 $398,081
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