Vermont Information Technology Leaders Inc
Vermont Information Technology Leaders Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 203131747 · S Burlington, VT · NTEE: W050 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.1M |
| Total Expenses | $7.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $6.2M |
| Transparency Score | 90/100 |
Is Vermont Information Technology Leaders Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont Information Technology Leaders Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vermont Information Technology Leaders Inc
Vermont Information Technology Leaders Inc (EIN: 203131747) is a nonprofit organization based in S Burlington, VT, classified under NTEE code W050. The organization reported total revenue of $11.1M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Information Technology Leaders Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermont Information Technology Leaders Inc is a large nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.4M |
| Total Expenses | $7.9M |
| Surplus / Deficit | +$550K |
| Total Assets | $10.4M |
| Total Liabilities | $4.2M |
| Net Assets | $6.2M |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 40.4% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2023, Vermont Information Technology Leaders Inc reported a surplus of $550K with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 40.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vermont Information Technology Leaders Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.1% | -17.0% | +26.3% |
| 2022 | +21.4% | +24.4% | +20.9% |
| 2021 | +22.0% | +24.3% | +44.4% |
| 2020 | +13.3% | +20.0% | +17.1% |
| 2019 | -7.0% | -6.9% | +30.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Information Technology Leaders Inc with a Mission Score of 90 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 Information Technology Leaders 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 $550K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, which is highly unusual for an organization with annual revenues exceeding $8 million. This suggests either a volunteer leadership model or that compensation is categorized differently, warranting further investigation for full transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Vermont Information Technology Leaders Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual leadership compensation if categorized differently.
- Increasing trend in liabilities, from $505,690 in 2019 to $4,202,203 in 2023, warrants further review of their nature.
Strengths
The following positive indicators were identified for Vermont Information Technology Leaders Inc:
- Consistent revenue growth, from $6,063,272 in 2019 to $8,437,039 in 2023.
- Strong asset accumulation, with assets growing from $4,025,469 in 2019 to $10,390,648 in 2023.
- Consistent operational surpluses, with revenues generally exceeding expenses.
- Excellent transparency regarding officer compensation (0% reported), suggesting a highly efficient or volunteer-led executive structure.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and public disclosure.
Frequently Asked Questions about Vermont Information Technology Leaders Inc
Is Vermont Information Technology Leaders Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Information Technology Leaders Inc (EIN: 203131747) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Vermont Information Technology Leaders Inc spend its money?
Vermont Information Technology Leaders Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont Information Technology Leaders Inc tax-deductible?
Vermont Information Technology Leaders Inc is registered as a tax-exempt nonprofit (EIN: 203131747). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Vermont Information Technology Leaders Inc CEO make?
Vermont Information Technology Leaders Inc's highest-compensated officer earns $8 annually. The organization reported $11.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Vermont Information Technology Leaders Inc's spending goes to programs?
Vermont Information Technology Leaders Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vermont Information Technology Leaders Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Vermont Information Technology Leaders Inc is above average for NTEE category W050 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vermont Information Technology Leaders Inc located?
Vermont Information Technology Leaders Inc is headquartered in S Burlington, Vermont and files with the IRS under EIN 203131747. It is classified under NTEE code W050.
How many years of IRS 990 filings does Vermont Information Technology Leaders Inc have?
Vermont Information Technology Leaders 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 $11.1M in total revenue.
Is Vermont Information Technology Leaders Inc a good charity?
Based on the provided financial data, VITL appears to be a financially healthy and well-managed organization. It consistently generates surpluses, has growing assets, and reports 0% officer compensation, which are all positive indicators.
How has VITL's financial health changed over the past five years?
VITL's financial health has significantly improved over the past five years. Revenue increased from $6,063,272 in 2019 to $8,437,039 in 2023, and assets more than doubled from $4,025,469 to $10,390,648 in the same period.
What is the trend in VITL's liabilities?
VITL's liabilities have shown an increasing trend, rising from $505,690 in 2019 to $4,202,203 in 2023. While assets have grown faster, this increase in liabilities should be monitored.
Does VITL have a strong asset base?
Yes, VITL has a strong and growing asset base. Its assets have increased from $4,025,469 in 2019 to $10,390,648 in 2023, indicating significant financial capacity.
Filing History
IRS 990 filing history for Vermont Information Technology Leaders Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vermont Information Technology Leaders Inc's revenue has grown by 94.1%, moving from $4.3M to $8.4M. Total assets increased by 665.4% over the same period, from $1.4M to $10.4M. Total functional expenses rose by 89.5%, from $4.2M to $7.9M. In its most recent filing year (2023), Vermont Information Technology Leaders Inc reported a surplus of $550K, with revenue exceeding expenses. The organization holds $4.2M in liabilities against $10.4M in assets (debt-to-asset ratio: 40.4%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.4M | $7.9M | $10.4M | $4.2M | — | View 990 |
| 2022 | $10.2M | $9.5M | $8.2M | $2.6M | — | View 990 |
| 2021 | $8.4M | $7.6M | $6.8M | $1.8M | — | View 990 |
| 2020 | $6.9M | $6.1M | $4.7M | $476K | — | View 990 |
| 2019 | $6.1M | $5.1M | $4.0M | $506K | — | View 990 |
| 2018 | $6.5M | $5.5M | $3.1M | $512K | — | View 990 |
| 2017 | $7.1M | $6.8M | $2.2M | $633K | — | View 990 |
| 2016 | $7.2M | $6.8M | $2.4M | $1.2M | — | View 990 |
| 2015 | $7.6M | $7.3M | $2.7M | $1.7M | — | View 990 |
| 2014 | $6.6M | $6.9M | $2.1M | $1.4M | — | View 990 |
| 2013 | $5.8M | $5.5M | $2.3M | $1.4M | — | View 990 |
| 2012 | $6.4M | $6.4M | $1.3M | $677K | — | View 990 |
| 2011 | $4.3M | $4.2M | $1.4M | $782K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.4M, expenses of $7.9M, and assets of $10.4M (revenue -17.1% year-over-year).
- 2022: Revenue of $10.2M, expenses of $9.5M, and assets of $8.2M (revenue +21.4% year-over-year).
- 2021: Revenue of $8.4M, expenses of $7.6M, and assets of $6.8M (revenue +22.0% year-over-year).
- 2020: Revenue of $6.9M, expenses of $6.1M, and assets of $4.7M (revenue +13.3% year-over-year).
- 2019: Revenue of $6.1M, expenses of $5.1M, and assets of $4.0M (revenue -7.0% year-over-year).
- 2018: Revenue of $6.5M, expenses of $5.5M, and assets of $3.1M (revenue -8.1% year-over-year).
- 2017: Revenue of $7.1M, expenses of $6.8M, and assets of $2.2M (revenue -1.1% year-over-year).
- 2016: Revenue of $7.2M, expenses of $6.8M, and assets of $2.4M (revenue -5.8% year-over-year).
- 2015: Revenue of $7.6M, expenses of $7.3M, and assets of $2.7M (revenue +15.0% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.9M, and assets of $2.1M (revenue +13.5% year-over-year).
- 2013: Revenue of $5.8M, expenses of $5.5M, and assets of $2.3M (revenue -9.1% year-over-year).
- 2012: Revenue of $6.4M, expenses of $6.4M, and assets of $1.3M (revenue +47.8% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.2M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermont Information Technology Leaders Inc:
Data Sources and Methodology
This transparency report for Vermont Information Technology Leaders 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.