VERMONT PROFESSIONALS OF COLOR NETWORK

EIN: 862667055 501(c)(3) Human Services

BURLINGTON, VT

Total Revenue
$757,062
Total Expenses
$645,419
Total Assets
$992,969
Net Assets
$979,466
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VT
Principal Officer
WEIWEI WANG
Phone
8023838836
Tax Period
2023-10-01 to 2024-09-30

VERMONT PROFESSIONALS OF COLOR NETWORK, founded in 2021, is a small nonprofit in the Human Services sector that reported $757K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $645K left a modest 15% surplus.

Mission

VERMONT PROFESSIONALS OF COLOR NETWORK (VT POC) EXISTS TO ADVANCE NETWORKING AND CAREER DEVELOPMENT OPPORTUNITIES FOR ITS MEMBERS, TO INCREASE CIVIC ENGAGEMENT, TO GROW GENERATIONS OF BLACK, INDIGENOUS AND PEOPLE OF COLOR (BIPOC) LEADERS TO JOIN THE RANKS OF LEADERSHIP AND MANAGEMENT, AND TO ECONOMICALLY EMPOWER BIPOC ORGANIZATIONS, BUSINESSES AND ENTREPRENEURS IN THE STATE OF VERMONT.

Program Service Accomplishments

Program 1
Expenses: $299,903 Revenue: $189,228

THE ORGANIZATION PROVIDES NETWORKING EVENTS TO ALL MEMBERS WHO IDENTIFY AS BIPOC TO ENGAGE AND SUPPORT ONE ANOTHER. THEY ALSO PROVIDE MENTORING AND EDUCATION SESSIONS FOR PERSONAL AND PROFESSIONAL...

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THE ORGANIZATION PROVIDES NETWORKING EVENTS TO ALL MEMBERS WHO IDENTIFY AS BIPOC TO ENGAGE AND SUPPORT ONE ANOTHER. THEY ALSO PROVIDE MENTORING AND EDUCATION SESSIONS FOR PERSONAL AND PROFESSIONAL GROWTH. AS WELL AS PROVIDING VISIBILITY AND ADVOCACY TO ENSURE BIPOC VOICES ARE HEARD AND INCLUDED IN PLANNING AND POLICY MAKING ACROSS THE STATE. THE FINANCIAL LITERACY SERIES INCLUDED WORKSHOPS RANGING FROM HOUSING FINANCING TO LIFE INSURANCE AND TAX PREPARATION. IN TOTAL THERE WERE 9 VIRTUAL WORKSHOPS, WHICH ATTRACTED 30 INDIVIDUALS. THE THINGS IN BETWEEN VIDEO SERIES INCLUDED ON-DEMAND EDUCATIONAL SHORT- FORM VIDEOS TO CREATE AWARENESS ABOUT NEW RESOURCES PRIMARILY FROM THE STATE OF VERMONT, SUCH AS THE CHILD TAX CREDIT, MYVOTERPAGE.COM, AND NEW SHARED EQUITY HOUSING GUIDELINES. A LEGAL WEBINAR SERIES WAS HOSTED IN PARTNERSHIP WITH THE VERMONT LAW AND GRADUATE SCHOOL'S VERMONT SMALL BUSINESS LAW CENTER. THE MONTHLY SERIES SUPPORTED QUESTIONS FROM SMALL BUSINESS OWNERS IDENTIFIED FROM THE SMALL BUSINESS SURVEY AND LISTENING SESSIONS CONDUCTED IN 2023. TOPICS RANGED FROM CONTRACT LAW TO DIGITAL PRIVACY. THE COMMUNITY NAVIGATOR PILOT PROJECT, FUNDED BY THE US SMALL BUSINESS ADMINISTRATION AND LED BY THE VERMONT SMALL BUSINESS DEVELOPMENT CENTER INCLUDED THE FOLLOWING: OUTREACH TO INCREASE AWARENESS BY THE VT POC COMMUNITY OF EXISTING PROGRAMS OFFERED BY PARTNER ORGANIZATIONS. RESOURCE NAVIGATION FOR BUSINESS OWNERS TO BETTER UNDERSTAND THE APPROPRIATE PROGRAMS FOR THEIR NEEDS. A REPORT THAT ANALYZED THE STATEWIDE SURVEY AND FOCUS GROUP DATA ON WHAT SMALL BUSINESS OWNERS NEED WAS PUBLISHED. VT POC CONTINUED A CONTRACT WITH THE STATE OF VERMONT'S AGENCY OF COMMERCE AND COMMUNITY DEVELOPMENT TO SUPPORT UNDERSERVED COMMUNITY MEMBERS AROUND AWARENESS AND NAVIGATION OF STATEWIDE RESOURCES, AND BUSINESS AND PROFESSIONAL DEVELOPMENT SUPPORT. VT POC HOSTED AND FACILITATED MONTHLY AFFINITY SPACES FOR VERMONT-BASED AMERICORPS MEMBERS TO MEET AND SHARE ABOUT THEIR EXPERIENCES WITHIN THEIR COMMUNITIES. A NEW SERIES TO SUPPORT PHYSICAL WELLNESS WAS CREATED. VTPOC PARTNERED WITH LOCAL BUSINESSES SUCH AS PETRA CLIFFS AND ALIGN CYCLING TO PROVIDE ACCESS TO HEALTHY SPACES. THE ANNUAL VT POC AUGUST KICK BACK EVENT TO CELEBRATE COMMUNITY AND FAMILY WAS ATTENDED BY 150 INDIVIDUALS. THE EVENT INCLUDED A RESOURCE FAIR TO CREATE AWARENESS OF BUSINESSES AND RESOURCES, SUCH AS THE OFFICE OF THE SECRETARY OF STATE, BURLINGTON ELECTRIC, AND THREE LOCAL BUSINESSES. ONE-ON-ONE DIRECT SUPPORT FOR SMALL BUSINESS OWNERS WAS PROVIDED, INCLUDING SUPPORT FOR BUSINESS PLANNING, RESOURCE NAVIGATION, AND BUSINESS SCALING. FLOOD RECOVERY SUPPORT WAS OFFERED TO APPROXIMATELY 31 BUSINESS OWNERS FROM OCTOBER THROUGH SEPTEMBER 2023.

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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 $567,376
Program Service Revenue $189,228
Investment Income $458
Other Revenue $0
TOTAL REVENUE $757,062

Expense Breakdown

Grants Paid $0
Salaries & Benefits $447,467
Fundraising Expenses $155,957
Program Expenses $299,903
Other Expenses $197,952
TOTAL EXPENSES $645,419

Year-over-Year Comparison

2023 2022 Change
Revenue $757,062 $672,990 +0.1%
Expenses $645,419 $303,728 +1.1%
Net Income $111,643 $369,262 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
9
Volunteers
5

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
$203,743
Total Directors
7
$203,743
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WEIWEI WANG CO EXECUTIVE 40.00
Officer Director
$85,531 $15,920 $101,451
TINOTENDA RUTANHIRA CO EXECUTIVE 40.00
Officer Director
$85,531 $16,761 $102,292
BELAN ANTENSAYE BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DAVID TABARUKA TREASURER 2.00
Officer Director
$0 $0 $0
CD MATTISON BOARD MEMBER 1.00
Director
$0 $0 $0
STEPH YU BOARD MEMBER 1.00
Director
$0 $0 $0
NICK KHOLSA BOARD MEMBER 1.00
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
2024 $757,062 $645,419 $992,969 $111,643
2023 $672,990 $303,728 $885,718 $369,262
2022 $541,462 $210,707 $513,820 $330,755
2021 $332,579 $165,930 $175,325 $166,649
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