VALLEY HUB INC

EIN: 933425857 501(c)(3) Community Improvement

ROCHESTER, VT

Total Revenue
$312,710
Total Expenses
$4,308
Total Assets
$311,271
Net Assets
$311,271
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
VT
Principal Officer
VICTOR RIBAUDO
Phone
8024318353
Tax Period
2024-01-01 to 2024-12-31

VALLEY HUB INC, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $313K in total revenue in fiscal year 2024. The organization ran a surplus of $308K, a strong 99% operating margin.

Mission

VALLEY HUB INC IS A VERMONT NONPROFIT CORPORATION WITH A MISSION TO WORK FOR THE VITALITY AND SUSTAINABILITY OF THE ROCHESTER AREA COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,080

ROCHESTER HIGH SCHOOL REPURPOSING PROJECT - THE GOAL OF THIS PROJECT IS TO SUPPORT THE ADAPTIVE REUSE OF THE HIGH SCHOOL BUILDING AS A SELF-SUSTAINING COMMUNITY RESOURCE. IT WILL HOUSE A VARIETY OF...

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ROCHESTER HIGH SCHOOL REPURPOSING PROJECT - THE GOAL OF THIS PROJECT IS TO SUPPORT THE ADAPTIVE REUSE OF THE HIGH SCHOOL BUILDING AS A SELF-SUSTAINING COMMUNITY RESOURCE. IT WILL HOUSE A VARIETY OF COMMUNITY SERVICES, INCLUDING CHILDCARE, ADULT AND YOUTH EDUCATION, HEALTHCARE SERVICES, SENIOR SERVICES, ARTS PROGRAMS, A MAKER SPACE, RECREATION AND COMMERCIAL RENTALS. THE HIGH SCHOOL PROPERTY WAS OWNED BY THE ROCHESTER STOCKBRIDGE UNIFIED SCHOOL DISTRICT (RSUD) DURING ALL OF 2024.VALLEY HUB, INC (VHI) WORKED TO FACILITATE SALE OF THE HIGH SCHOOL TO THE TOWN OF ROCHESTER FOR FUTURE DEVELOPMENT INTO THE MULTIPURPOSE COMMUNITY CENTER, PLANNED FOR 2025. THIS WORK, CONDUCTED BY VHI VOLUNTEERS, INCLUDED PREPARING GRANTS FOR THE TOWN AND ORGANIZING COMPLIANCE REVIEWS WITH ENVIRONMENTAL AND OTHER APPLICABLE REGULATIONS. RSUD PLANNED TO RENT SPACE FROM THE TOWN IN THE HIGH SCHOOL. VHI IS NOT A PARTY TO THE LEASE. 2024 PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE THE FOLLOWING - - HELD PUBLIC INFORMATION MEETINGS ABOUT THE HIGH SCHOOL REPURPOSING PROJECT ON 6/10/24, 9/4/24 AND 10/29/24, AS WELL AS COMPOSED, PRINTED AND DISTRIBUTED INFORMATION MAILERS TO ALL ROCHESTER MAIL RECIPIENTS. - WORKED WITH THE VERMONT DEPARTMENT OF ENVIRONMENTAL CONSERVATION TO COMPLETE THE ENVIRONMENTAL ASSESSMENT OF THE HIGH SCHOOL PROPERTY, SPECIFICALLY PHASE 1 AND PHASE 2 OF THE BRELLA ASSESSMENT PROTOCOL; CERTIFICATE OF COMPLETION REPORTED OUT ON 4/16/24. - NEGOTIATED AGREEMENT WITH THE ROCHESTER STOCKBRIDGE UNIFIED SCHOOL DISTRICT TO LEASE SPACE IN THE FORMER HIGH SCHOOL, ALLOWING THE ADJACENT ROCHESTER ELEMENTARY SCHOOL TO EXPAND ITS CREATIVE ARTS CURRICULUM, USING THE ART ROOM, MUSIC ROOM, AUDITORIUM AND EVENTUALLY THE SHOPS. - COMPLETED MITIGATION OF 100 YEAR FLOODPLAIN HAZARD BY INSTALLATION OF TWO FLOOD DOORS ON THE HIGH SCHOOL BUILDING. - ACTIVATED THE NEW NON-PROFIT ENTITY VALLEY HUB, INC., WITH INITIAL BOARD OF DIRECTORS AND OFFICERS, WHO THEN ADOPTED THE BYLAWS AND MISSION STATEMENT. - INVENTORIED HIGH SCHOOL BUILDING CONTENTS AND BEGAN COLLABORATION WITH THE SCHOOL DISTRICT SUPERINTENDENT FOR DISPOSITION OF THE CONTENTS. - WON 2.3 MILLION CONGRESSIONALLY DIRECTED SPENDING AWARD FOR THE PROJECT, ON BEHALF OF THE TOWN. - WON 10,000 PLANNING GRANT EXTENSION FOR THE TOWN TO CONDUCT FURTHER ARCHITECTURAL INVESTIGATION OF DESIGN OPTIONS AND COSTS ESTIMATES FOR RENOVATION. - PROJECT WAS APPROVED FOR WAIVER OF HISTORIC PRESERVATION REQUIREMENTS BY VERMONT DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT - WORKED WITH TWO RIVERS TO ENABLE TOWN TO ISSUE GRANT-COMPLIANT RFP TO LIST OF ARCHITECTURAL FIRMS; ASSESSED RESPONSES AND RECOMMENDED WINNER TO TOWN OF ROCHESTER, WHICH WAS SELECTED. - OBTAINED SIGNED MOUS FROM 7 PROSPECTIVE TENANTS TO LEASE FINISHED SPACE IN THE REPURPOSED HIGH SCHOOL BUILDING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $312,401
Program Service Revenue $0
Investment Income $309
Other Revenue $0
TOTAL REVENUE $312,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,080
Other Expenses $4,308
TOTAL EXPENSES $4,308

Year-over-Year Comparison

2024 2023 Change
Revenue $312,710 N/A N/A
Expenses $4,308 N/A N/A
Net Income $308,402 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTOR RIBAUDO PRESIDENT 2.20
Officer Director
$0 $0 $0
KATHRYN SCHENKMAN VICE PRESIDE 1.90
Officer Director
$0 $0 $0
SARA MARTIRE SECRETARY 0.40
Officer Director
$0 $0 $0
ANDREW FERSCH BOARD MEMBER 0.20
Director
$0 $0 $0
WALTER GOLUB BOARD MEMBER 0.60
Director
$0 $0 $0
DONNA LINDSEY BOARD MEMBER 0.30
Director
$0 $0 $0
ROBERT MEAGHER BOARD MEMBER 0.40
Director
$0 $0 $0
PAM REIT BOARD MEMBER 0.30
Director
$0 $0 $0
MARGARET SCANLAN BOARD MEMBER 0.30
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 $312,710 $4,308 $311,271 $308,402
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