Vermont Chamber Foundation Inc

Nonprofit profile at a glance

EIN
030335635
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-PF 2020, Form 990-N 2012
Location
Montpelier, VT, USA
Phone
8022233443
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$164,405
Expenses
$164,290
Assets
$74,276
Liabilities
$7,403

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • KEVIN CHU (EXECUTIVE DIRECTOR)

People named in this filing

  • MIKE SOLIMANO (DIRECTOR)
  • WILLIAM CAHILL (DIRECTOR)
  • JANETTE BOMBARDIER (DIRECTOR)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Vermont futures project is an independent non-partisan organization with a goal of providing a vision that supports and encourages long-term economic growth for Vermont, providing data and recommendations to achieve this goal. The Vermont futures project will position the economy in the center of a statewide discussion about Vermont's future, enriching that discussion with data, benchmarks, and research demonstrating how a healthy economy provides opportunities for people and contributes to Vermont's unique quality of life.

What it reported doing in 2024

The Vermont futures project is the beneficiary of donations from businesses and individuals that directly supports research and education related to Vermont's economy. In terms of research, the funding has gone towards developing a public web dashboard with metrics that track Vermont's economic health and the production of reports to interpret the metrics. On the education front, funding has supported a video interview series with thought leaders to provide insights on Vermont's economy from a variety of perspectives. Our next major initiative will be to develop a statewide economic plan in collaboration with community partners to establish unified goals and targets for economic development.

Operating model

Revenue model
Donor-supported. 99% 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: 100
  • Transparency & Controls: 100
  • Sustainability: 29
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.9%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

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: 0.1%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 77.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -4.1% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: 11.3% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: -11.1% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 99.9% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $164K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.