Civic Intelligence

Vermont Healthcare Information Technology Education Center Inc

990 • Fiscal year 2021 • EIN 03-0364625

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 17, 2022

156 Commerce Street PO Box 1548Williston, VT 05495

(802) 872-0660

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.26x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

21st percentile

-2.9%

Higher net margin than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

89th percentile

$186,854

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

76th percentile

28%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

102%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,831,713

Up $614,464 (+28%) from 2020

Net Assets

Up

$2,087,705

Up $398,179 (+24%) from 2020

Liabilities

Up

$744,008

Up $216,285 (+41%) from 2020

Revenue

Up

$4,479,304

Up $2,263,099 (+102%) from 2020

Expenses

Up

$4,608,238

Up $2,348,482 (+104%) from 2020

Net Income

Down

-$128,934

Down $85,383 (-196%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $337,858Liabilities 2011: $45,677Net Assets 2011: $292,1812011Assets 2012: $326,042Liabilities 2012: $3,231Net Assets 2012: $322,8112012Assets 2013: $366,676Liabilities 2013: $42,591Net Assets 2013: $324,0852013Assets 2014: $786,862Liabilities 2014: $27,843Net Assets 2014: $759,0192014Assets 2015: $937,516Liabilities 2015: $28,403Net Assets 2015: $909,1132015Assets 2016: $1,059,079Liabilities 2016: $25,421Net Assets 2016: $1,033,6582016Assets 2017: $1,309,035Liabilities 2017: $163,776Net Assets 2017: $1,145,2592017Assets 2018: $1,459,886Liabilities 2018: $279,839Net Assets 2018: $1,180,0472018Assets 2019: $2,064,893Liabilities 2019: $331,816Net Assets 2019: $1,733,0772019Assets 2020: $2,217,249Liabilities 2020: $527,723Net Assets 2020: $1,689,5262020Assets 2021: $2,831,713Liabilities 2021: $744,008Net Assets 2021: $2,087,7052021Assets 2022: $2,406,511Liabilities 2022: $434,794Net Assets 2022: $1,971,7172022Assets 2023: $3,715,633Liabilities 2023: $1,509,485Net Assets 2023: $2,206,1482023Assets 2024: $3,864,725Liabilities 2024: $1,191,649Net Assets 2024: $2,673,0762024

Highlighted filing

2021

Assets$2,831,713
Liabilities$744,008
Net Assets$2,087,705

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,070,443Expenses 2011: $1,088,949Net Income 2011: -$18,5062011Expenses 2012: $1,089,5252012Revenue 2013: $1,120,686Expenses 2013: $1,119,412Net Income 2013: $1,2742013Revenue 2014: $1,766,536Expenses 2014: $1,331,602Net Income 2014: $434,9342014Revenue 2015: $1,923,801Expenses 2015: $1,773,707Net Income 2015: $150,0942015Revenue 2016: $2,155,666Expenses 2016: $2,031,121Net Income 2016: $124,5452016Revenue 2017: $2,219,298Expenses 2017: $2,107,697Net Income 2017: $111,6012017Revenue 2018: $2,124,759Expenses 2018: $2,089,971Net Income 2018: $34,7882018Revenue 2019: $2,481,699Expenses 2019: $1,928,669Net Income 2019: $553,0302019Revenue 2020: $2,216,205Expenses 2020: $2,259,756Net Income 2020: -$43,5512020Revenue 2021: $4,479,304Expenses 2021: $4,608,238Net Income 2021: -$128,9342021Revenue 2022: $3,590,708Expenses 2022: $3,706,696Net Income 2022: -$115,9882022Revenue 2023: $6,765,490Expenses 2023: $6,531,059Net Income 2023: $234,4312023Revenue 2024: $8,452,777Expenses 2024: $7,985,849Net Income 2024: $466,9282024

Highlighted filing

2021

Revenue$4,479,304
Expenses$4,608,238
Net Income-$128,934
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 17, 2022
Return Version
2021v4.2
Gross Receipts
$4,479,304
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,688,957--
Cash and Non-Interest-Bearing Accounts$107,010$1,600,580▲ $1,493,570
Accounts Receivable$390,626$1,182,615▲ $791,989
Prepaid Expenses and Deferred Charges$27,856$45,718▲ $17,862
Total Assets$2,217,249$2,831,713▲ $614,464
Other Assets Total$2,800$2,800→ $0
Liabilities
Accounts Payable and Accrued Expenses$59,710$743,880▲ $684,170
Unsecured Notes Loans Payable$262,013--
Deferred Revenue$206,000$128▼ $205,872
Total Liabilities$527,723$744,008▲ $216,285
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,689,526$2,087,705▲ $398,179
Total Net Assets Fund Balance$1,689,526$2,087,705▲ $398,179
Total Liabilities and Net Assets / Fund Balance$2,217,249$2,831,713▲ $614,464

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$93,387$93,387
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew McKenneyPresident/Treasurer/CEOFT$180,151$6,703$186,854

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Ghazi Associates LLCConsulting51 Seth Circle, Williston, VT 05495$229,353
Revenue and Support

Revenue Composition

Contributions and Grants
$3,164,874
Program Service Revenue
$1,313,707
Investment Income
$710
Other Revenue
$13
All Other Contributions
$20,000
Change in Net Assets
$-128,934

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,479,304
Total Revenue per Audited Statements
$4,479,304
Total Revenue per Form 990
$4,479,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,053,591
Salaries, Compensation, and Employee Benefits$1,554,647
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$705,878$303,016-$1,008,894
Fees for Services Other$237,349$1,296-$238,645
Other Employee Benefits$207,584$27,787-$235,371
Current Officers, Directors, Trustees, and Key Employees$115,417$64,734-$180,151
Advertising$112,392$120-$112,512
Information Technology$67,114$29,958-$97,072
Payroll Taxes$67,189$29,032-$96,221
Other Expenses$37,403$8,303-$45,706
Pension Plan Contributions$23,960$10,050-$34,010
Occupancy$14,833$5,567-$20,400
Fees for Services Accounting$7,460$3,340-$10,800
Office Expenses$4,920$4,235-$9,155
Insurance$5,484$2,456-$7,940
Travel$1,243--$1,243
Total Functional Expenses$4,118,344$489,894$0$4,608,238

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,608,238
Total Expenses per Audited Statements$4,608,238
Total Expenses per Form 990$4,608,238
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by Board memberConsulting/TrainingNo$229,353
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

990 is emailed to the Board

Form 990, Part VI, Section B, Line 12C

Conflict of interest disclosure sent to BOD annually

Form 990, Part VI, Section C, Line 19

Items are available upon request

Filing and Contact Details

Filer

Filer Name
Vermont Healthcare Information Technology Education Center Inc
EIN
03-0364625
Phone
8028720660
Address
156 Commerce Street PO Box 1548, Williston, VT 05495

Signing Officer

Name
Matthew McKenney
Title
Officer
Phone
8028720660
Signed
2022-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew McKenney
Formed
2000
Legal Domicile
Vt
Voting Board Members
5
Independent Board Members
4
Employees
16

Preparer

Firm
Wisehart Wimette Associates PLC
Address
159 River Road, Essex Junction, VT 05452
Preparer
Kirk Wisehart
Phone
8028791055
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The purpose of the Organization is to facilitate and create business and education partnerships across the US that create employment opportunities for the under-served, unemployed and underemployed through education and training programs using proven workforce development models. The Organization operates several training programs in Vermont and New Hampshire and provides technical assistance as an intermediary throughout the US.

Form 990, Part III, Line 1

The purpose of the Organization is to facilitate and create business and education partnerships across the US that create employment opportunities for the under-served, unemployed and underemployed through education and training programs using proven workforce development models. The Organization operates several training programs in Vermont and New Hampshire and provides technical assistance as an intermediary throughout the US.

Form 990, Part III, Line 4A

Vermont HITEC served as a primary source of technical assistance for grantee needs assessments, development of individualized technical assistance, strategy development, registered apprenticeship support, virtual trainings, resource development, and project planning and support.

Form 990, Part III, Line 4B

The ITAR programs include employer engagement and employment guarantees from employers curriculum development based on employer job requirements recruitment of applicants for the employer development of employer behavioral and technical competency requirements management of all recruitment and selection steps education delivery transition all participants into a registered apprenticeship program with the employer mentor employer partner and staff on apprenticeship model mentor apprentices during the transition to employment and on-the-job learning phase and coordinate with all regional, state and federal partners on behalf of the employer partner. There were three University of Vermont Medical Center Phlebotomist ITAR Programs. These programs served 31 students and 1 employer during 2021. Previous graduates were also served through ongoing support and mentoring during their apprenticeships.

Form 990, Part III, Line 4C

There were four Hypertherm Operator ITAR Programs. These programs served 45 students and 1 employers during 2021. Previous graduates were also served through ongoing support and mentoring during their apprenticeships.

Form 990, Part XI, Line 9

Paychecks Protection Program note forgiven 527,113

Financial Statement Notes

X 2

The Organization annually files an IRS Form 990, Return of Organization Exempt from Income Tax, tax return in the U.S. federal jurisdiction. The Organization is no longer subject to U.S. federal income tax examination by tax authorities for the years prior to 2018. In the normal course of business, the Organization is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the Organization believes there are no significant unrecognized tax liabilities at December 31, 2021 and 2020.

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IRS990/OtherExpensesGrp/TotalAmt345706
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013
IRS990/OtherRevenueTotalAmt013
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0303016
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0705878
IRS990/OtherSalariesAndWagesGrp/TotalAmt01008894
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029032
IRS990/PayrollTaxesGrp/ProgramServicesAmt067189
IRS990/PayrollTaxesGrp/TotalAmt096221
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010050
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt023960
IRS990/PensionPlanContributionsGrp/TotalAmt034010
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027856
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt045718
IRS990/PrincipalOfficerNm0Matthew McKenney
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Program service fees
IRS990/ProgramServiceRevenueGrp/Desc1Consulting
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0208000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11105707
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0208000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11105707
IRS990/ProgSrvcAccomActy2Grp/Desc0Healthcare ITAR Programs - In 2021, Vermont HITEC continued delivery of apprenticeship training programs in Vermont and New Hampshire. Based on the COVID-19 experience in 2020, the recruitment tools and the education delivery model were directly impacted well into 2021. Vermont HITEC leveraged remote learning when required or desired based on current pandemic conditions. In cases where a hybrid approach worked, the model was leveraged to maintain hands-on applied learning while also preserving distance learning. ITAR Programs - The Vermont ITAR program is designed to retain those dislocated or underemployed workers in Vermont and New Hampshire by providing them with the opportunity to be educated and mentored for available positions in advanced manufacturing, healthcare, information technology, and business services. In 2021, we developed and implemented three Healthcare ITAR Programs. continued in Sch O
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0375755
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0168000
IRS990/ProgSrvcAccomActy3Grp/Desc0Advanced Manufacturing The Vermont ITAR program is designed to retain those dislocated or underemployed workers in Vermont and New Hampshire by providing them with the opportunity to be educated and mentored for available positions in advanced manufacturing, healthcare, information technology, and business services. In 2021, we developed and implemented four Advanced Manufacturing ITAR Programs. The ITAR programs include employer engagement and employment guarantees from employers curriculum development based on employer job requirements recruitment of applicants for the employer development of employer behavioral and technical competency requirements management of all recruitment and selection steps education delivery transition all participants into a registered apprenticeship program with the employer mentor employer partner and staff on apprenticeship model mentor apprentices during the transition to employment and on-the-job learning phase and coordinate with all regional, state and federal partners on behalf of the employer partner. continued in Sch O
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0244776
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0270339
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01279248
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01189
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01076669
IRS990/PYOtherRevenueAmt0111
IRS990/PYProgramServiceRevenueAmt0935657
IRS990/PYRevenuesLessExpensesAmt0-43551
IRS990/PYSalariesCompEmpBnftPaidAmt01183087
IRS990/PYTotalExpensesAmt02259756
IRS990/PYTotalRevenueAmt02216205
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-128934
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03980243
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01688957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03164874
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01279248
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01446212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01287669
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01368970
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08546973
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0710
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0419
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05066
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01313720
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0935768
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01033751
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0836312
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0849909
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04969460
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63210
IRS990ScheduleA/PublicSupportPY170Pct00.58820
IRS990ScheduleA/PublicSupportTotal170Amt08546973
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03164874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01279248
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01446212
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01287669
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01368970
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08546973
IRS990ScheduleA/TotalSupportAmt013521499
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt093387
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt093387
IRS990ScheduleD/ExpensesSubtotalAmt04608238
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt04479304
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization annually files an IRS Form 990, Return of Organization Exempt from Income Tax, tax return in the U.S. federal jurisdiction. The Organization is no longer subject to U.S. federal income tax examination by tax authorities for the years prior to 2018. In the normal course of business, the Organization is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the Organization believes there are no significant unrecognized tax liabilities at December 31, 2021 and 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalExpensesPerForm990Amt04608238
IRS990ScheduleD/TotalRevenuePerForm990Amt04479304
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04479304
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04608238
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Ghazi Associates LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Owned by Board member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0229353
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Consulting/Training
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 is emailed to the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest disclosure sent to BOD annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Items are available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The purpose of the Organization is to facilitate and create business and education partnerships across the US that create employment opportunities for the under-served, unemployed and underemployed through education and training programs using proven workforce development models. The Organization operates several training programs in Vermont and New Hampshire and provides technical assistance as an intermediary throughout the US.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The purpose of the Organization is to facilitate and create business and education partnerships across the US that create employment opportunities for the under-served, unemployed and underemployed through education and training programs using proven workforce development models. The Organization operates several training programs in Vermont and New Hampshire and provides technical assistance as an intermediary throughout the US.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Vermont HITEC served as a primary source of technical assistance for grantee needs assessments, development of individualized technical assistance, strategy development, registered apprenticeship support, virtual trainings, resource development, and project planning and support.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The ITAR programs include employer engagement and employment guarantees from employers curriculum development based on employer job requirements recruitment of applicants for the employer development of employer behavioral and technical competency requirements management of all recruitment and selection steps education delivery transition all participants into a registered apprenticeship program with the employer mentor employer partner and staff on apprenticeship model mentor apprentices during the transition to employment and on-the-job learning phase and coordinate with all regional, state and federal partners on behalf of the employer partner. There were three University of Vermont Medical Center Phlebotomist ITAR Programs. These programs served 31 students and 1 employer during 2021. Previous graduates were also served through ongoing support and mentoring during their apprenticeships.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7There were four Hypertherm Operator ITAR Programs. These programs served 45 students and 1 employers during 2021. Previous graduates were also served through ongoing support and mentoring during their apprenticeships.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Paychecks Protection Program note forgiven 527,113
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part III, Line 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part III, Line 4b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part III, Line 4c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0River Valley Workforce Institute Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0271485594
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Workforce Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0325 Mount Support Rd PO Box 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Lebanon
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd003766
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$1.19$2.67$8.45$7.99$0.47
2023Detailed filing. Detailed filing data is available for this year.$3.72$1.51$2.21$6.77$6.53$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.43$1.97$3.59$3.71$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.83$0.74$2.09$4.48$4.61$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.53$1.69$2.22$2.26$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.33$1.73$2.48$1.93$0.55
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.28$1.18$2.12$2.09$0.03
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.31$0.16$1.15$2.22$2.11$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.06$0.03$1.03$2.16$2.03$0.12
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.94$0.03$0.91$1.92$1.77$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.03$0.76$1.77$1.33$0.43
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.04$0.32$1.12$1.12$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.32$1.09
2011Summary only. Only limited summary data is available for this year.$0.34$0.05$0.29$1.07$1.09$0.02