Barre Area Development Inc
Nonprofit profile at a glance
- EIN
- 030213347
- IRS 990-EZ coverage
- 2013–2025
- Forms available
- Form 990-EZ 2025
- Location
- Barre, VT, USA
- Phone
- 8024762451
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $130,176
- Expenses
- $131,648
- Assets
- $293,227
- Liabilities
- $3,602
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JOSH JEROME (EXECUTIVE DIRECTOR)
- STEVE MACKENZIE (PRESIDENT)
People named in this filing
- JOSH JEROME (EXECUTIVE DIRECTOR)
- ROBERT LORD JR (DIRECTOR)
- STEVE MACKENZIE (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Facilitate economic development
What it reported doing in 2025
Facilitate the econcomic development and housing crisisin downtown barre. Engage in education, marketing and workforce retention
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 100
- Sustainability: 41
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96%; rating input score 96
- Program expense ratio: 94.8%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -1.1%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 2.23; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 63.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -0.5% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -4.6% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 96% of revenue deployed · 94.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $125K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.