Vermont Community Loan Fund Inc
Vermont Community Loan Fund: Strong Mission, Transparent Operations
EIN: 222864900 · Montpelier, VT · NTEE: L210 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $180,000 |
| Net Assets | $17.6M |
| Transparency Score | 92/100 |
Is Vermont Community Loan Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont Community Loan Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vermont Community Loan Fund Inc
Vermont Community Loan Fund Inc (EIN: 222864900) is a nonprofit organization based in Montpelier, VT, classified under NTEE code L210. The organization reported total revenue of $3.7M and total assets of $54.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Community Loan Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermont Community Loan Fund Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$102K |
| Total Assets | $52.7M |
| Total Liabilities | $35.1M |
| Net Assets | $17.6M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 66.6% |
| Months of Reserves | 200.5 months |
Financial Health Grade: A
In 2023, Vermont Community Loan Fund Inc reported a surplus of $102K with revenue exceeding expenses, holds 200.5 months of operating reserves (strong position), has a debt-to-asset ratio of 66.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vermont Community Loan Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +17.8% | +1.8% |
| 2022 | -51.5% | -6.3% | -0.8% |
| 2021 | +62.8% | +9.9% | +11.4% |
| 2020 | +36.8% | -7.1% | +8.5% |
| 2019 | -40.1% | -7.7% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Community Loan Fund 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Vermont Community Loan Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $102K, with revenue exceeding expenses.
- Debt-to-asset ratio: 66.6%.
Executive Compensation Analysis
Executive compensation for the CEO was $180,000 in 2022, which appears reasonable given the organization's asset size of over $51 million and the complexity of its lending operations.
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 Community Loan Fund Inc:
- Consistent growth in assets and revenue over the past several years, indicating financial stability and increasing capacity.
- Strong program spending, with a high percentage of expenses directly supporting mission-related activities.
- Low fundraising costs, suggesting efficient resource allocation for development efforts.
- Maintains a healthy liquidity position, with current assets significantly exceeding current liabilities.
Frequently Asked Questions about Vermont Community Loan Fund Inc
Is Vermont Community Loan Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Community Loan Fund Inc (EIN: 222864900) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Vermont Community Loan Fund Inc spend its money?
Vermont Community Loan Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont Community Loan Fund Inc tax-deductible?
Vermont Community Loan Fund Inc is registered as a tax-exempt nonprofit (EIN: 222864900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Vermont Community Loan Fund Inc CEO make?
Vermont Community Loan Fund Inc's highest-compensated officer earns $180,000 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Vermont Community Loan Fund Inc's spending goes to programs?
Vermont Community Loan Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vermont Community Loan Fund Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Vermont Community Loan Fund Inc is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vermont Community Loan Fund Inc located?
Vermont Community Loan Fund Inc is headquartered in Montpelier, Vermont and files with the IRS under EIN 222864900. It is classified under NTEE code L210.
How many years of IRS 990 filings does Vermont Community Loan Fund Inc have?
Vermont Community Loan Fund 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. The most recent filing shows $3.7M in total revenue.
What does Vermont Community Loan Fund Inc do?
Vermont Community Loan Fund Inc is a nonprofit organization in the Housing & Shelter sector, located in Montpelier, Vermont. It is classified under NTEE code L210.
How much revenue does Vermont Community Loan Fund Inc have?
Vermont Community Loan Fund Inc reported total revenue of $3,729,488. Based on 13 IRS 990 filings on record.
What are Vermont Community Loan Fund Inc's total assets?
Vermont Community Loan Fund Inc holds total assets of $54,034,638 as reported in IRS 990 filings.
Where is Vermont Community Loan Fund Inc located?
Vermont Community Loan Fund Inc is based in Montpelier, Vermont.
What is Vermont Community Loan Fund Inc's EIN?
Vermont Community Loan Fund Inc's Employer Identification Number (EIN) is 222864900. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Vermont Community Loan Fund Inc?
Vermont Community Loan Fund Inc is classified under NTEE code L210 (Housing & Shelter).
Is Vermont Community Loan Fund Inc a registered 501(c)(3)?
Yes, Vermont Community Loan Fund Inc is recognized as a tax-exempt organization by the IRS. EIN: 222864900.
Does Vermont Community Loan Fund Inc file IRS Form 990?
Yes, Vermont Community Loan Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Vermont Community Loan Fund Inc's revenue in 2023?
In the 202312 filing period, Vermont Community Loan Fund Inc reported total revenue of $3,257,007, total expenses of $3,155,260, and net assets of $52,714,194.
Is Vermont Community Loan Fund Inc's revenue growing or declining?
Vermont Community Loan Fund Inc's revenue is growing. Revenue went from $3,049,200 (202212) to $3,257,007 (202312), a +6.8% change. Based on 13 filings on record.
What is Vermont Community Loan Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Vermont Community Loan Fund Inc covers tax period 202312. It shows revenue of $3,257,007, expenses of $3,155,260, total assets of $52,714,194, and liabilities of $35,096,273.
How much does Vermont Community Loan Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Vermont Community Loan Fund Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Vermont Community Loan Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Vermont Community Loan Fund Inc appears trustworthy. Mission Score: 92/100 (Excellent). No red flags identified. 4 strengths noted.
What are Vermont Community Loan Fund Inc's strengths?
Positive indicators for Vermont Community Loan Fund Inc include: Consistent growth in assets and revenue over the past several years, indicating financial stability and increasing capacity.. Strong program spending, with a high percentage of expenses directly supporting mission-related activities.. Low fundraising costs, suggesting efficient resource allocation for development efforts.. Maintains a healthy liquidity position, with current assets significantly exceeding current liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Vermont Community Loan Fund Inc compensate executives?
Executive compensation for the CEO was $180,000 in 2022, which appears reasonable given the organization's asset size of over $51 million and the complexity of its lending operations. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage its loan portfolio to mitigate risk and ensure long-term sustainability, given its focus on community development lending?
The Vermont Community Loan Fund likely employs robust underwriting standards, diversified lending across various sectors (e.g., small business, affordable housing, child care), and provides technical assistance to borrowers to ensure loan performance and minimize defaults, though specific details on risk management strategies would require deeper analysis of their lending policies.
Filing History
IRS 990 filing history for Vermont Community Loan Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vermont Community Loan Fund Inc's revenue has grown by 27.9%, moving from $2.5M to $3.3M. Total assets increased by 74.7% over the same period, from $30.2M to $52.7M. Total functional expenses rose by 34.7%, from $2.3M to $3.2M. In its most recent filing year (2023), Vermont Community Loan Fund Inc reported a surplus of $102K, with revenue exceeding expenses. The organization holds $35.1M in liabilities against $52.7M in assets (debt-to-asset ratio: 66.6%), resulting in net assets of $17.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.2M | $52.7M | $35.1M | — | View 990 |
| 2022 | $3.0M | $2.7M | $51.8M | $34.3M | — | View 990 |
| 2021 | $6.3M | $2.9M | $52.2M | $35.1M | — | View 990 |
| 2020 | $3.9M | $2.6M | $46.8M | $33.1M | — | View 990 |
| 2019 | $2.8M | $2.8M | $43.2M | $30.7M | — | View 990 |
| 2018 | $4.7M | $3.0M | $41.7M | $29.2M | — | View 990 |
| 2017 | $2.9M | $2.8M | $39.2M | $28.5M | — | View 990 |
| 2016 | $3.7M | $2.8M | $38.1M | $27.4M | — | View 990 |
| 2015 | $4.1M | $2.7M | $35.7M | $25.9M | — | View 990 |
| 2014 | $3.5M | $2.8M | $33.3M | $24.8M | — | View 990 |
| 2013 | $2.7M | $2.8M | $30.7M | $23.0M | — | View 990 |
| 2012 | $2.8M | $2.8M | $29.3M | $21.5M | — | View 990 |
| 2011 | $2.5M | $2.3M | $30.2M | $22.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.2M, and assets of $52.7M (revenue +6.8% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.7M, and assets of $51.8M (revenue -51.5% year-over-year).
- 2021: Revenue of $6.3M, expenses of $2.9M, and assets of $52.2M (revenue +62.8% year-over-year).
- 2020: Revenue of $3.9M, expenses of $2.6M, and assets of $46.8M (revenue +36.8% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $43.2M (revenue -40.1% year-over-year).
- 2018: Revenue of $4.7M, expenses of $3.0M, and assets of $41.7M (revenue +64.3% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.8M, and assets of $39.2M (revenue -21.8% year-over-year).
- 2016: Revenue of $3.7M, expenses of $2.8M, and assets of $38.1M (revenue -9.6% year-over-year).
- 2015: Revenue of $4.1M, expenses of $2.7M, and assets of $35.7M (revenue +15.4% year-over-year).
- 2014: Revenue of $3.5M, expenses of $2.8M, and assets of $33.3M (revenue +30.0% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.8M, and assets of $30.7M (revenue -4.3% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.8M, and assets of $29.3M (revenue +10.8% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $30.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermont Community Loan Fund Inc:
Data Sources and Methodology
This transparency report for Vermont Community Loan Fund 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.