Young Tradition Vermont Inc
Nonprofit profile at a glance
- EIN
- 270338133
- IRS 990-EZ coverage
- 2013–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2012
- Location
- Fairfax, VT, USA
- Phone
- 8022335293
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $9,159
- Expenses
- $2,608
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- Hannah Assefa (Director)
- Peter Bingham (Director)
- Nowa Crosby (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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Young Tradition Vermont continued to ensure that children, youth, and young adults have opportunities to be inspired by, learn about, and perform traditional music and dance to serve their communities.Young Tradition Vermont continued offering virtual programming and educational solutions to continue to meet the needs of its constituents during continued COVID-19 related challenges in 2021-2022. Despite the continuation of operating virtually, with some in person activities, theorganization served a high number of constituents as supported by the number of students and general audience in the programming described below, grouped by Performance, Education, and Instruments. YTV was also able to offer both in person and virtual live performances.
What it reported doing in 2022
Performance: Performances included concert presentations, showcase concerts featuring young performers, Baird 5 Pediatrics visits at the Vermont Children's Hospital, Touring Group rehearsals, performances and tours, Young Tradition Festival concerts, contest, showcases and tributes, and performance proceeds that contribute to the Tom Sustic Fund supporting families with children being treated for life-altering conditions or in hospice care. There are education and instrument elements within these programs, but the primary format and focus is performance. While Performances continued to be online using Facebook, Youtube and Zoom, YTV was able to present some of theseperformances live as well. Online performances continue to be watched and enjoyed much past their initial streaming dates.
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 82
- Sustainability: 52
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.5%; rating input score 47
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 71.5%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -6.4% per year; rating input score 0; 36th percentile among comparable filings
- Revenue growth: -3.7% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 46.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $4K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2013 to 2022
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.