VMI INC

EIN: 833843704 501(c)(3) Education

East Burke, VT

Total Revenue
$531,254
Total Expenses
$518,933
Total Assets
$35,462
Net Assets
$-119,441
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VT
Principal Officer
Judi Laird
Phone
8022740436
Tax Period
2023-07-01 to 2024-06-30

VMI INC, founded in 2019, is a small nonprofit in the Education sector that reported $531K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

The VMI, Inc is a mathematics education professional development organization dedicated to improving mathematics teaching and learning through a variety of initiatives, including (a) The VMI Degree and Certificate-based programs: comprehensive academic programs dedicated to building systemic capacity by training current and aspiring K-12 mathematics teacher leaders; (b) Outreach and contribution to statewide initiatives in Vermont; (c) Targeted mathematics education support to schools and districts; (d) A variety of recertification courses designed specifically for mathematics teachers. VMI works in partnership with Vermont State University (VTSU) for its credit bearing and degree granting programs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,065
Program Service Revenue $529,189
Investment Income $0
Other Revenue $0
TOTAL REVENUE $531,254

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,526
Fundraising Expenses $0
Program Expenses $480,884
Other Expenses $330,407
TOTAL EXPENSES $518,933

Year-over-Year Comparison

2023 2022 Change
Revenue $531,254 $450,829 +0.2%
Expenses $518,933 $477,301 +0.1%
Net Income $12,321 $-26,472 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
N/A

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
0
$0
Total Directors
7
$18,900
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Judi Laird Executive Director 40
Highest
$103,508 $0 $103,508
Karen Nee Board member 1
Director
$13,400 $0 $13,400
Priscilla Bremser Board Secretary 3
Director
$5,500 $0 $5,500
Beth Cobb Board Chair 3
Director
$0 $0 $0
Paul Smith Board member 1
Director
$0 $0 $0
Mary Lou Gross Honorary Non-voting Board Member 0
Director
$0 $0 $0
Jay Meadows Member of VMI Board of Directors 1
Director
$0 $0 $0
Sheila Soule Board member 1
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
2025 No data No data No data No data
2024 $531,254 $518,933 $35,462 $12,321
2023 $450,829 $477,301 $32,748 $-26,472
2022 $421,225 $425,522 $76,253 $-4,297
2021 $273,870 $292,832 $135,934 $-18,962
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