Vermont Higher Education Council
Nonprofit profile at a glance
- EIN
- 030223268
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990 2017, Form 990-EZ 2024
- Location
- Montpelier, VT, USA
- Phone
- 8027934330
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Higher Education Institutions
Reported finances
- Revenue
- $29,660
- Expenses
- $30,134
- Assets
- $93,206
- Liabilities
- $14
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MICHELLE OLLIE (PRESIDENT)
- JOYCE JUDY (VICE PRESIDENT)
People named in this filing
- MICHELLE OLLIE (PRESIDENT)
- JOYCE JUDY (VICE PRESIDENT)
- SCOTT GILES (TREASURER)
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
Our mission is to explore and implement new forms of cooperative activity which will strengthen the quality and value of higher education in Vermont.
What it reported doing in 2024
When a new institution of higher education wants to open a campus in Vermont, or when a campus chartered elsewhere wants to run a program in Vermont, they must apply to the Vermont agency of education to begin the application process to gain approval to offer credits or degrees. In the case of degree-granting approval, once they have submitted all required materials, the agency contacts vhec to conduct a certification review. Our role is to provide an expert perspective on the readiness of this campus to operate successfully and according to the Vermont state rules. We provide a recommendation only; the state board of education makes all final decisions on certification approval. Vhec did not have any certification reviews during 2024.vhec occasionally sponsors educational events related to higher education for its membership consisting of 15 institutions of higher education in Vermont.vhec publishes data on higher education enrollment in Vermont and occasionally publishes broader reports on student and institutional data. Fall enrollment reports offer a point-in-time data source for higher education enrollment in Vermont, including information on residency, enrollment status, distance education, and demographics among Vermont's entire student population from both public and private institutions. Enrollment reports are published online at vermonthec.org.
Operating model
- Revenue model
- Donor-supported. 86% 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
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 82
- Sustainability: 52
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.3%; rating input score 53
- Program expense ratio: 49%; rating input score 49
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1.6%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 3.09; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: -30.3% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 38th percentile among comparable filings
Details
- Where the money goes: 53.3% of revenue deployed · 49% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $15K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.