Civic Intelligence

Vermont Family Network Inc

990 • Fiscal year 2014 • EIN 33-1194900

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 03, 2014

600 Blair Park Road05495

(802) 764-5290

Siviq Scores

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

Liabilities / Assets

75th percentile

0.44x

Higher debt load relative to assets than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

44th percentile

0.08x

Higher debt load relative to revenue than 44% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

52nd percentile

3.2%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

68th percentile

$96,347

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

68th percentile

8.7%

Faster asset growth than 68% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$507,703

Up $40,849 (+8.7%) from 2013

Net Assets

Up

$286,156

Up $86,418 (+43%) from 2013

Liabilities

Down

$221,547

Down $45,569 (-17%) from 2013

Revenue

$2,710,308

No earlier filing loaded for comparison.

Expenses

Up

$2,623,890

Up $287,793 (+12%) from 2013

Net Income

$86,418

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $466,854Liabilities 2013: $267,116Net Assets 2013: $199,7382013Assets 2014: $507,703Liabilities 2014: $221,547Net Assets 2014: $286,1562014Assets 2015: $521,079Liabilities 2015: $144,683Net Assets 2015: $376,3962015Assets 2016: $648,256Liabilities 2016: $158,524Net Assets 2016: $489,7322016Assets 2017: $694,220Liabilities 2017: $124,724Net Assets 2017: $569,4962017Assets 2018: $729,619Liabilities 2018: $131,976Net Assets 2018: $597,6432018Assets 2019: $879,746Liabilities 2019: $158,387Net Assets 2019: $721,3592019Assets 2020: $1,270,951Liabilities 2020: $490,537Net Assets 2020: $780,4142020Assets 2021: $1,299,877Liabilities 2021: $423,933Net Assets 2021: $875,9442021Assets 2022: $952,912Liabilities 2022: $89,585Net Assets 2022: $863,3272022Assets 2023: $1,064,794Liabilities 2023: $318,003Net Assets 2023: $746,7912023Assets 2024: $950,135Liabilities 2024: $270,697Net Assets 2024: $679,4382024

Highlighted filing

2014

Assets$507,703
Liabilities$221,547
Net Assets$286,156

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $2,336,0972013Revenue 2014: $2,710,308Expenses 2014: $2,623,890Net Income 2014: $86,4182014Revenue 2015: $2,578,536Expenses 2015: $2,488,296Net Income 2015: $90,2402015Revenue 2016: $2,490,706Expenses 2016: $2,377,370Net Income 2016: $113,3362016Revenue 2017: $2,313,850Expenses 2017: $2,234,086Net Income 2017: $79,7642017Revenue 2018: $2,241,572Expenses 2018: $2,213,425Net Income 2018: $28,1472018Revenue 2019: $2,304,762Expenses 2019: $2,181,046Net Income 2019: $123,7162019Revenue 2020: $2,212,200Expenses 2020: $2,153,145Net Income 2020: $59,0552020Revenue 2021: $1,511,138Expenses 2021: $1,415,608Net Income 2021: $95,5302021Revenue 2022: $1,463,330Expenses 2022: $1,394,921Net Income 2022: $68,4092022Revenue 2023: $1,314,596Expenses 2023: $1,488,221Net Income 2023: -$173,6252023Revenue 2024: $1,525,445Expenses 2024: $1,665,025Net Income 2024: -$139,5802024

Highlighted filing

2014

Revenue$2,710,308
Expenses$2,623,890
Net Income$86,418
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 3, 2014
Return Version
2013v3.1
Gross Receipts
$2,710,308
Mission and Program Overview

Mission

Vfn's mission is to empower and support all vermont families of children with special needs.

Family support and information services

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$103,357$363,392▲ $260,035
Cash and Non-Interest-Bearing Accounts$270,111$106,729▼ $163,382
Investments in Publicly Traded Securities$64,690--
Land, Buildings, and Equipment, Net$25,435$19,385▼ $6,050
Prepaid Expenses and Deferred Charges-$14,936-
Total Assets$466,854$507,703▲ $40,849
Other Assets Total$3,261$3,261→ $0
Liabilities
Other Liabilities$201,637$145,879▼ $55,758
Accounts Payable and Accrued Expenses$4,867$48,625▲ $43,758
Deferred Revenue$60,612$27,043▼ $33,569
Total Liabilities$267,116$221,547▼ $45,569
Net Assets / Fund Balance
Unrestricted Net Assets$148,894$237,266▲ $88,372
Temporarily Rstr Net Assets$50,844$48,890▼ $1,954
Total Net Assets Fund Balance$199,738$286,156▲ $86,418
Total Liabilities and Net Assets / Fund Balance$466,854$507,703▲ $40,849

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,385$122,604-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Pam MccarthyExecutive Di$96,347$96,347
Revenue and Support

Revenue Composition

Contributions and Grants
$1,537,688
Program Service Revenue
$1,131,655
Investment Income
$1,070
Other Revenue
$39,895
All Other Contributions
$150,201
Change in Net Assets
$86,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,710,308
Total Revenue per Audited Statements
$2,710,308
Total Revenue per Form 990
$2,710,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,975,045
Other Expenses$648,845
Total Fundraising Expense$65,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,418,040$123,755$24,054$1,565,849
Other Employee Benefits$299,699$9,467$3,683$312,849
Fees for Services Other$121,409$7,326-$128,735
Occupancy$46,289$65,933-$112,222
Current Officers, Directors, Trustees, and Key Employees$72,260-$24,087$96,347
Travel$81,658$1,377-$83,035
Conferences and Meetings$75,697$1,318-$77,015
Office Expenses$63,357$11,765-$75,122
Insurance$20,243$1,998$570$22,811
All Other Expenses$3,499$2,006$13,021$18,526
Other Expenses$15,819$2,342-$15,819
Advertising$5,528$2,040-$7,568
Depreciation Depletion$5,369$530$151$6,050
Total Functional Expenses$2,328,467$229,857$65,566$2,623,890

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,623,890
Total Expenses per Audited Statements$2,623,890
Total Expenses per Form 990$2,623,890
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$119,473
Line of Credit$25,000
Due to Joseph Shook Fund$1,406
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The 990 is reviewed and discussed by the full board.

Form 990, Page 6, Part VI, Line 12C

Potential conflicts of interest are monitored by management through discussions with each board member.

Form 990, Page 6, Part VI, Line 15A

Determined by the board based on other non-profits of similar size in the area.

Form 990, Page 6, Part VI, Line 19

They are made available to the public via the organization's website and upon request at the business office.

Filing and Contact Details

Filer

EIN
33-1194900
Phone
8027645290

Signing Officer

Name
Pam Mccarthy
Title
CEO
Phone
8027645290
Signed
2014-12-03

Organization Details

Principal Officer
Pam Mccarthy
Formed
2008
Legal Domicile
Vt
Voting Board Members
17
Independent Board Members
17
Employees
68

Preparer

Preparer
Christopher Branagan
Phone
8025249531
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Vfn is an organization which is not a private foundation within the meaning of section 509(a) of the internal revenue code and qualifies for an exemption from federal income tax under section 501(c)(3) of the code. Therefore, no provision for income taxes is made in the accompanying financial statements. Fasb asc 740, income taxes, requires entities to disclose in their financial statements the nature of any uncertainty in their tax positions. For tax exempt entities, tax exempt status itself is deemed to be an uncertainty, as events could potentially occur to jeopardize their tax exempt status. Management believes vfn has no uncertain tax positions. Vfn anticipates that it will not have a change in uncertain tax positions during the next twelve months that would have a material impact on vfn's financial statements. If necessary vfn would accrue interest and penalties on uncertain tax positions as a component of the provision for income taxes. Vfn is no longer subject to federal and state income tax examinations by tax authorities for years before the year ended june 30, 2011.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc3MEDICAL ASSISTANCE
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IRS990/OtherExpensesGrp/ProgramServicesAmt055610
IRS990/OtherExpensesGrp/ProgramServicesAmt126190
IRS990/OtherExpensesGrp/ProgramServicesAmt217800
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IRS990/PrincipalOfficerNm0PAM MCCARTHY
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132020
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01172620
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0OTHER INCOME 142,508
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01267377
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02744465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01863818
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08744459
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-761
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07170
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06409
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03847162
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt027921
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04398
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01863818
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08744459
IRS990ScheduleA/TotalSupportAmt08893376
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IRS990ScheduleD/EquipmentGrp/BookValueAmt019385
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0122604
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0141989
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO JOSEPH SHOOK FUND
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VFN IS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR AN EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX EXEMPT ENTITIES, TAX EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX EXEMPT STATUS. MANAGEMENT BELIEVES VFN HAS NO UNCERTAIN TAX POSITIONS. VFN ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON VFN'S FINANCIAL STATEMENTS. IF NECESSARY VFN WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. VFN IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED JUNE 30, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt02623890
IRS990ScheduleD/TotalLiabilityAmt0145879
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND DISCUSSED BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POTENTIAL CONFLICTS OF INTEREST ARE MONITORED BY MANAGEMENT THROUGH DISCUSSIONS WITH EACH BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DETERMINED BY THE BOARD BASED ON OTHER NON-PROFITS OF SIMILAR SIZE IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THEY ARE MADE AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE AND UPON REQUEST AT THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false

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