Woodstock Area Council on Aging

What it reported doing in 2024

Healthy aging & wellness programs and support, computer and exercise programs, language programs and other social events. Over 1,600 participants in education, wellness, and fitness programs; and over 28,000 interactions and contacts at social events, enrichment opportunities and dining.during 2024, the thompson center launched a capital fundraising campaign to raise $4 million toward the renovation of the building. Previously raised and held funds in unrestricted investments were allocated to funding the long term goal. In september 2024, the thompson center entered into a $3.2 million renovation contract with a local builder. Renovation began in september and was expected to take 14 months until completion. Additional project costs outside of builder costs include kitchen equipment, accessories, communication equipment, and furniture and window treatments. In fye 2025, a total of $2,846,505 was received in contributions toward the capital project. A total of $3,535,827 was expended on the capital project in fy 2025. The building renovation work under the builder contract was largely completed by 9/30/2025. Additional upgrades, equipment purchases, and exterior work not included in the builder contract and within the $4 mil budget remain to be completed on a schedule as determined by the thompson. Capital contributions not yet expended are held in investments as donor restricted. On september 19th, 2024, one of the thompson center's loyal patrons passed away, leaving the thompson center his real property at 1274 w. Woodstock road, woodstock, vt. The property included a 2 bedroom house, a one car garage, and 2.29 acres of land. The property's estimated value at 9/30/2024 was $345,000. Subsequently, the thompson center sold the property on september 19, 2025 for $360,000

Financial Efficiency

• Mission deployment rate: 26.7%; rating input score 27
• Program expense ratio: 79.6%; rating input score 80
• Fundraising efficiency: $47.66 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 70.1%; rating input score 96; 96th percentile among comparable filings
• Total-asset coverage ratio: 7.28; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 85; 85th percentile among comparable filings
• Officer compensation ratio: 9.1%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings
• Revenue growth: 13.2% per year; rating input score 100; 78th percentile among comparable filings
• Asset growth: 9.7% per year; rating input score 100; 57th percentile among comparable filings