Is Vermont Employee Ownership Center Inc…

Quick charity verification for Vermont Employee Ownership Center Inc (EIN: 10694256)

Strengths

Consistent revenue growth over a decade, from $80,829 in 2014 to $274,470 in 2023.
Strong asset growth, increasing from $166,840 in 2014 to $397,725 in 2023.
Remarkable 0% officer compensation reported across all filings, indicating high dedication to mission.
Generally low liabilities relative to assets, demonstrating financial stability (except for the 2023 increase).
Positive net income in most years, contributing to asset accumulation.

Spending Breakdown

How Vermont Employee Ownership Center Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Vermont Employee Ownership Center Inc

Is Vermont Employee Ownership Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Vermont Employee Ownership Center Inc (EIN: 10694256) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Vermont Employee Ownership Center Inc a good charity to donate to?

Vermont Employee Ownership Center Inc has a Mission Score of 95/100. Revenue: $233K. Assets: $332K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Vermont Employee Ownership Center Inc?

The Employer Identification Number (EIN) for Vermont Employee Ownership Center Inc is 10694256. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Vermont Employee Ownership Center Inc spend its money?

Vermont Employee Ownership Center Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Vermont Employee Ownership Center Inc's tax-exempt status?

You can verify Vermont Employee Ownership Center Inc's tax-exempt status using EIN 10694256 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Vermont Employee Ownership Center Inc (VEOC) demonstrates consistent financial growth and a strong commitment to its mission, as evidenced by its IRS 990 filings. Over the past decade, the organization has seen its revenue steadily increase from $80,829 in 2014 to $274,470 in 2023, indicating growing support for its programs. Its asset base has also expanded significantly, from $166,840 to $397,725 over the same period, suggesting sound financial management and capacity building. The VEOC consistently reports 0% officer compensation, which is a strong indicator of its dedication to directing resources towards its programmatic goals rather than executive salaries.

Spending efficiency appears high, with expenses generally tracking revenue growth. For instance, in 2023, expenses were $253,491 against revenues of $274,470, resulting in a surplus that contributes to asset growth. The absence of officer compensation further reinforces the notion that a significant portion of funds is likely allocated to program delivery. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a lean operational model.

Transparency is excellent given the consistent filing of IRS 990s and the clear reporting of key financial metrics. The consistent 0% officer compensation is a highly transparent practice that builds trust with donors and the public. The organization's steady growth in both revenue and assets, coupled with minimal liabilities, paints a picture of a well-managed and financially healthy nonprofit focused on its mission.

Is Vermont Employee Ownership Center Inc Legit?

Verdict: Vermont Employee Ownership Center Inc appears trustworthy

Red Flags