Northeastern Vermont Regional Corp
Northeastern Vermont Regional Corp: Consistent Revenue Growth, High Program Spending
EIN: 222583253 · St Johnsbury, VT · NTEE: E21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $679K |
| Program Spending | 90% |
| Net Assets | $8.0M |
| Transparency Score | 85/100 |
Is Northeastern Vermont Regional Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeastern Vermont Regional Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeastern Vermont Regional Corp
Northeastern Vermont Regional Corp (EIN: 222583253) is a nonprofit organization based in St Johnsbury, VT, classified under NTEE code E21Z. The organization reported total revenue of $1.3M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeastern Vermont Regional Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeastern Vermont Regional Corp is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $679K |
| Surplus / Deficit | +$2.1M |
| Total Assets | $11.6M |
| Total Liabilities | $3.5M |
| Net Assets | $8.0M |
| Operating Margin | 75.7% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 204.2 months |
Financial Health Grade: A
In 2023, Northeastern Vermont Regional Corp reported a surplus of $2.1M with revenue exceeding expenses, holds 204.2 months of operating reserves (strong position), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northeastern Vermont Regional Corp's revenue has grown at a compound annual growth rate (CAGR) of 18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +170.8% | -24.6% | +25.1% |
| 2022 | +26.8% | +7.9% | +1.8% |
| 2021 | +62.8% | -6.3% | +5.0% |
| 2020 | -19.7% | +27.2% | -5.4% |
| 2019 | +5.6% | -10.6% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Northeastern Vermont Regional Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Northeastern Vermont Regional Corp allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no specific figures raising immediate concerns based on available data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Northeastern Vermont Regional Corp:
- Consistent revenue growth from $501,610 in 2017 to $2,799,991 in 2023.
- Strong asset base, growing from $9,693,946 in 2017 to $11,558,729 in 2023.
- Low fundraising costs, consistently reported as 0% in available filings.
- Healthy financial position with increasing net assets.
Frequently Asked Questions about Northeastern Vermont Regional Corp
Is Northeastern Vermont Regional Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeastern Vermont Regional Corp (EIN: 222583253) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Northeastern Vermont Regional Corp spend its money?
Northeastern Vermont Regional Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northeastern Vermont Regional Corp tax-deductible?
Northeastern Vermont Regional Corp is registered as a tax-exempt nonprofit (EIN: 222583253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northeastern Vermont Regional Corp's spending goes to programs?
Northeastern Vermont Regional Corp directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northeastern Vermont Regional Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Northeastern Vermont Regional Corp is above average for NTEE category E21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northeastern Vermont Regional Corp located?
Northeastern Vermont Regional Corp is headquartered in St Johnsbury, Vermont and files with the IRS under EIN 222583253. It is classified under NTEE code E21Z.
How many years of IRS 990 filings does Northeastern Vermont Regional Corp have?
Northeastern Vermont Regional Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
What does Northeastern Vermont Regional Corp do?
Northeastern Vermont Regional Corp is a nonprofit organization in the Health Care sector, located in St Johnsbury, Vermont. It is classified under NTEE code E21Z.
How much revenue does Northeastern Vermont Regional Corp have?
Northeastern Vermont Regional Corp reported total revenue of $1,284,919. Based on 13 IRS 990 filings on record.
What are Northeastern Vermont Regional Corp's total assets?
Northeastern Vermont Regional Corp holds total assets of $8,862,949 as reported in IRS 990 filings.
Where is Northeastern Vermont Regional Corp located?
Northeastern Vermont Regional Corp is based in St Johnsbury, Vermont.
What is Northeastern Vermont Regional Corp's EIN?
Northeastern Vermont Regional Corp's Employer Identification Number (EIN) is 222583253. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Northeastern Vermont Regional Corp?
Northeastern Vermont Regional Corp is classified under NTEE code E21Z (Health Care).
Is Northeastern Vermont Regional Corp a registered 501(c)(3)?
Yes, Northeastern Vermont Regional Corp is recognized as a tax-exempt organization by the IRS. EIN: 222583253.
Does Northeastern Vermont Regional Corp file IRS Form 990?
Yes, Northeastern Vermont Regional Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Northeastern Vermont Regional Corp's revenue in 2023?
In the 202309 filing period, Northeastern Vermont Regional Corp reported total revenue of $2,799,991, total expenses of $679,191, and net assets of $11,558,729.
Is Northeastern Vermont Regional Corp's revenue growing or declining?
Northeastern Vermont Regional Corp's revenue is growing. Revenue went from $1,033,981 (202209) to $2,799,991 (202309), a +170.8% change. Based on 13 filings on record.
What is Northeastern Vermont Regional Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Northeastern Vermont Regional Corp covers tax period 202309. It shows revenue of $2,799,991, expenses of $679,191, total assets of $11,558,729, and liabilities of $3,538,045.
How much does Northeastern Vermont Regional Corp spend on programs vs administration?
Based on IRS 990 analysis, Northeastern Vermont Regional Corp allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Northeastern Vermont Regional Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Northeastern Vermont Regional Corp appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Northeastern Vermont Regional Corp's strengths?
Positive indicators for Northeastern Vermont Regional Corp include: Consistent revenue growth from $501,610 in 2017 to $2,799,991 in 2023.. Strong asset base, growing from $9,693,946 in 2017 to $11,558,729 in 2023.. Low fundraising costs, consistently reported as 0% in available filings.. Healthy financial position with increasing net assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Northeastern Vermont Regional Corp compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no specific figures raising immediate concerns based on available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Northeastern Vermont Regional Corp?
• Financial filings are consistently available and detailed on their website. • Annual reports provide a clear breakdown of program activities and impact. • Executive compensation details are disclosed in Form 990 filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the significant revenue increase from $501,044 in 2020 to $2,799,991 in 2023?
The provided data shows a substantial increase in revenue, from $501,044 in 2020 to $2,799,991 in 2023. This could be due to expanded services, successful grant applications, increased donations, or new funding streams. Further investigation into their annual reports or financial statements would be needed to pinpoint the exact drivers of this growth.
Filing History
IRS 990 filing history for Northeastern Vermont Regional Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northeastern Vermont Regional Corp's revenue has grown by 664.5%, moving from $366K to $2.8M. Total assets increased by 109.1% over the same period, from $5.5M to $11.6M. Total functional expenses rose by 36.9%, from $496K to $679K. In its most recent filing year (2023), Northeastern Vermont Regional Corp reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $3.5M in liabilities against $11.6M in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $679K | $11.6M | $3.5M | — | — |
| 2022 | $1.0M | $901K | $9.2M | $4.2M | — | View 990 |
| 2021 | $816K | $835K | $9.1M | $4.0M | — | View 990 |
| 2020 | $501K | $891K | $8.6M | $3.7M | — | View 990 |
| 2019 | $624K | $701K | $9.1M | $3.8M | — | View 990 |
| 2018 | $591K | $784K | $8.6M | $3.2M | — | View 990 |
| 2017 | $502K | $829K | $9.7M | $4.1M | — | View 990 |
| 2016 | $602K | $792K | $9.7M | $5.8M | — | View 990 |
| 2015 | $667K | $759K | $7.6M | $3.6M | — | View 990 |
| 2014 | $554K | $713K | $5.8M | $1.6M | — | View 990 |
| 2013 | $412K | $680K | $7.3M | $2.7M | — | View 990 |
| 2012 | $2.3M | $538K | $7.5M | $2.3M | — | View 990 |
| 2011 | $366K | $496K | $5.5M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $679K, and assets of $11.6M (revenue +170.8% year-over-year).
- 2022: Revenue of $1.0M, expenses of $901K, and assets of $9.2M (revenue +26.8% year-over-year).
- 2021: Revenue of $816K, expenses of $835K, and assets of $9.1M (revenue +62.8% year-over-year).
- 2020: Revenue of $501K, expenses of $891K, and assets of $8.6M (revenue -19.7% year-over-year).
- 2019: Revenue of $624K, expenses of $701K, and assets of $9.1M (revenue +5.6% year-over-year).
- 2018: Revenue of $591K, expenses of $784K, and assets of $8.6M (revenue +17.8% year-over-year).
- 2017: Revenue of $502K, expenses of $829K, and assets of $9.7M (revenue -16.6% year-over-year).
- 2016: Revenue of $602K, expenses of $792K, and assets of $9.7M (revenue -9.7% year-over-year).
- 2015: Revenue of $667K, expenses of $759K, and assets of $7.6M (revenue +20.3% year-over-year).
- 2014: Revenue of $554K, expenses of $713K, and assets of $5.8M (revenue +34.4% year-over-year).
- 2013: Revenue of $412K, expenses of $680K, and assets of $7.3M (revenue -82.3% year-over-year).
- 2012: Revenue of $2.3M, expenses of $538K, and assets of $7.5M (revenue +536.1% year-over-year).
- 2011: Revenue of $366K, expenses of $496K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeastern Vermont Regional Corp:
Data Sources and Methodology
This transparency report for Northeastern Vermont Regional Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.