I don't think you have much to worry about. The vent is to allow excess presure from the trans to escape. I there was too much preasure, the fluid has to go somewhere. Ususally it blows out a seal. Also can come out of the dip-stick pipe.
95 Contour GL. Bought new.
BAT Sway Bars/Pioneer CD/Koni Rear Struts/Mobil Fluids.
Looking for 15" alloy rims-PM me.
180,500km's so far.