Vermont Association Of Area Agencies On Aging Inc
Vermont Association Of Area Agencies On Aging Inc consistently operates near break-even with no reported officer compensation.
EIN: 208854842 · Montpelier, VT · NTEE: T990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $659K |
| Program Spending | 90% |
| Net Assets | $199K |
| Transparency Score | 92/100 |
Is Vermont Association Of Area Agencies On Aging Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont Association Of Area Agencies On Aging Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vermont Association Of Area Agencies On Aging Inc
Vermont Association Of Area Agencies On Aging Inc (EIN: 208854842) is a nonprofit organization based in Montpelier, VT, classified under NTEE code T990. The organization reported total revenue of $0 and total assets of $392K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Association Of Area Agencies On Aging Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermont Association Of Area Agencies On Aging Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $651K |
| Total Expenses | $659K |
| Surplus / Deficit | $-7,901 |
| Total Assets | $392K |
| Total Liabilities | $192K |
| Net Assets | $199K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 49.1% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2023, Vermont Association Of Area Agencies On Aging Inc reported a deficit of $8K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 49.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vermont Association Of Area Agencies On Aging Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.8% | -1.8% | +9.2% |
| 2022 | +18.6% | +15.0% | -4.3% |
| 2021 | +4.3% | +6.0% | +15.2% |
| 2020 | -32.5% | -32.1% | -9.0% |
| 2019 | -4.1% | -9.0% | -29.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Vermont Association Of Area Agencies On Aging Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Vermont Association Of Area Agencies On Aging Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for resource allocation.
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 Vermont Association Of Area Agencies On Aging Inc:
- Consistent 0% officer compensation across all filings, indicating highly efficient use of funds for mission.
- Healthy asset-to-liability ratio (approx. 2:1 in 2023), demonstrating financial stability.
- Consistent operation near break-even, showing responsible financial management.
- Steady growth in assets over the past decade, from $164,762 in 2014 to $391,613 in 2023.
Frequently Asked Questions about Vermont Association Of Area Agencies On Aging Inc
Is Vermont Association Of Area Agencies On Aging Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Association Of Area Agencies On Aging Inc (EIN: 208854842) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Vermont Association Of Area Agencies On Aging Inc spend its money?
Vermont Association Of Area Agencies On Aging Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont Association Of Area Agencies On Aging Inc tax-deductible?
Vermont Association Of Area Agencies On Aging Inc is registered as a tax-exempt nonprofit (EIN: 208854842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vermont Association Of Area Agencies On Aging Inc's spending goes to programs?
Vermont Association Of Area Agencies On Aging Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vermont Association Of Area Agencies On Aging Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Vermont Association Of Area Agencies On Aging Inc is above average for NTEE category T990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vermont Association Of Area Agencies On Aging Inc located?
Vermont Association Of Area Agencies On Aging Inc is headquartered in Montpelier, Vermont and files with the IRS under EIN 208854842. It is classified under NTEE code T990.
How many years of IRS 990 filings does Vermont Association Of Area Agencies On Aging Inc have?
Vermont Association Of Area Agencies On Aging Inc 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.
Is Vermont Association Of Area Agencies On Aging Inc a good charity?
Based on the available financial data, the Vermont Association Of Area Agencies On Aging Inc appears to be a well-managed and efficient charity. Key indicators include consistent operation near break-even, a healthy asset-to-liability ratio, and notably, 0% reported officer compensation across all filings, suggesting a strong commitment to program spending.
How does V4A manage its executive compensation?
V4A consistently reports 0% officer compensation in its IRS 990 filings. This suggests that the organization's leadership may be volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly unusual and indicates a very lean administrative structure.
What is the trend in V4A's financial health?
V4A has maintained a stable financial position over the past decade. While annual revenues and expenses fluctuate, they generally operate near break-even. Assets have grown from $164,762 in 2014 to $391,613 in 2023, indicating prudent financial management and growth in reserves.
Does V4A have sufficient assets to cover its liabilities?
Yes, in the latest filing (202309), V4A reported assets of $391,613 against liabilities of $192,284, indicating a healthy asset-to-liability ratio of approximately 2:1. This suggests the organization is well-positioned to meet its financial obligations.
Filing History
IRS 990 filing history for Vermont Association Of Area Agencies On Aging Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vermont Association Of Area Agencies On Aging Inc's revenue has grown by 90.5%, moving from $342K to $651K. Total assets increased by 706% over the same period, from $49K to $392K. Total functional expenses rose by 109.3%, from $315K to $659K. In its most recent filing year (2023), Vermont Association Of Area Agencies On Aging Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $192K in liabilities against $392K in assets (debt-to-asset ratio: 49.1%), resulting in net assets of $199K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $651K | $659K | $392K | $192K | — | — |
| 2022 | $692K | $671K | $359K | $151K | — | View 990 |
| 2021 | $583K | $584K | $375K | $188K | — | View 990 |
| 2020 | $559K | $551K | $325K | $137K | — | — |
| 2019 | $829K | $811K | $357K | $181K | — | View 990 |
| 2018 | $864K | $892K | $508K | $344K | — | View 990 |
| 2017 | $759K | $693K | $360K | $168K | — | View 990 |
| 2016 | $806K | $836K | $291K | $166K | — | View 990 |
| 2015 | $650K | $611K | $299K | $146K | — | View 990 |
| 2014 | $249K | $217K | $165K | $51K | — | View 990 |
| 2013 | $213K | $178K | $109K | $27K | — | View 990 |
| 2012 | $212K | $199K | $91K | $39K | — | View 990 |
| 2011 | $342K | $315K | $49K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $651K, expenses of $659K, and assets of $392K (revenue -5.8% year-over-year).
- 2022: Revenue of $692K, expenses of $671K, and assets of $359K (revenue +18.6% year-over-year).
- 2021: Revenue of $583K, expenses of $584K, and assets of $375K (revenue +4.3% year-over-year).
- 2020: Revenue of $559K, expenses of $551K, and assets of $325K (revenue -32.5% year-over-year).
- 2019: Revenue of $829K, expenses of $811K, and assets of $357K (revenue -4.1% year-over-year).
- 2018: Revenue of $864K, expenses of $892K, and assets of $508K (revenue +13.8% year-over-year).
- 2017: Revenue of $759K, expenses of $693K, and assets of $360K (revenue -5.8% year-over-year).
- 2016: Revenue of $806K, expenses of $836K, and assets of $291K (revenue +23.9% year-over-year).
- 2015: Revenue of $650K, expenses of $611K, and assets of $299K (revenue +160.9% year-over-year).
- 2014: Revenue of $249K, expenses of $217K, and assets of $165K (revenue +16.9% year-over-year).
- 2013: Revenue of $213K, expenses of $178K, and assets of $109K (revenue +0.4% year-over-year).
- 2012: Revenue of $212K, expenses of $199K, and assets of $91K (revenue -37.9% year-over-year).
- 2011: Revenue of $342K, expenses of $315K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermont Association Of Area Agencies On Aging Inc:
Data Sources and Methodology
This transparency report for Vermont Association Of Area Agencies On Aging Inc 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.