VERMONT ENERGY INVESTMENT CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$130,939,426
Program Services
92%
Government Grants
7%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$131,141,340
Other
45%
Salaries & Benefits
38%
Fees to Service Providers
7%
Grants
7%
Offices, Occupancy & IT
2%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$7,097,422
$9,594,192
+35%
Fundraising Events
$0
$0
-
Program Services
$115,279,421
$120,619,050
+5%
Membership Dues
$0
$0
-
Investments
$722,987
$726,184
+0%
Other
$0
$0
-
Total Revenues
$123,099,830
$130,939,426
+6%
Expenses
2023
2024
Change
Grants
$2,462,715
$8,524,334
+246%
Benefits to Members
$0
$0
-
Salaries & Benefits
$42,585,071
$49,536,021
+16%
Fees to Service Providers
$7,766,230
$9,033,315
+16%
Advertising & Promotion
$1,651,595
$1,585,046
-4%
Offices, Occupancy & IT
$2,495,948
$2,435,707
-2%
Interest
$0
$0
-
Depreciation
$556,125
$558,333
+0%
Other
$63,507,626
$59,468,584
-6%
Total Expenses
$121,025,310
$131,141,340
+8%
Net income
2023
2024
Change
Net income
+$2,074,520
-$201,914
-110%
Functional Expenses
Summary
2023
2024
Change
Program
$116,196,717
$124,497,870
+7%
Admin
$4,828,593
$6,643,470
+38%
Fundraising
$0
$0
-
Total Expenses
$121,025,310
$131,141,340
+8%
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