VENTURE LITITZINC

EIN: 203826812 501(c)(3) Arts, Culture & Humanities

LITITZ, PA

Total Revenue
$185,753
Total Expenses
$114,081
Total Assets
$493,860
Net Assets
$239,239
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
PA
Principal Officer
SHERI GARMAN
Phone
7176266332
Tax Period
2023-01-01 to 2023-12-31

VENTURE LITITZINC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $186K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 39% operating margin.

Mission

VENTURE LITITZ WAS ESTABLISHED TO SERVE AS A COMMUNITY BASED ECONOMIC DEVELOPMENT ENTITY FOR THE BUSINESS DISTRICT OF LITITZ, PENNSYLVANIA. THE ORGANIZATION STRIVES TO ENHANCE THE LOOK, FEEL AND FUNCTIONALITY OF THE LITITZ BUSINESS DISTRICT, PROMOTE DOWNTOWN LITITZ AS A DESIRABLE PLACE TO LIVE, SHOP AND VISIT, AND DEVELOP AND EXECUTE A PLAN TO GROW THE ECONOMIC BASE OF THE DOWNTOWN LITITZ BUSINESS DISTRICT.

Program Service Accomplishments

Program 1
Expenses: $4,663

BUSINESS PROMOTIONS AND PROGRAMS TO PROMOTE DOWNTOWN LITITZ AS A DESIRABLE PLACE TO LIVE, SHOP AND VISIT AND DEVELOP AND EXECUTE A PLAN TO GROW THE ECONOMIC BASE OF THE LITITZ BUSINESS DISTRICT.

Program 2
Expenses: $9,530

THE GOAL OF VENTURE LITITZ IS TO MARKET THE DOWNTOWN LITITZ AREA AS A DESIRABLE PLACE TO LIVE, SHOP, VISIT, AND INVEST. THE ORGANIZATION ESTABLISHED A DOWNTOWN FARMERS MARKET BEGINNING IN 2008. THIS...

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THE GOAL OF VENTURE LITITZ IS TO MARKET THE DOWNTOWN LITITZ AREA AS A DESIRABLE PLACE TO LIVE, SHOP, VISIT, AND INVEST. THE ORGANIZATION ESTABLISHED A DOWNTOWN FARMERS MARKET BEGINNING IN 2008. THIS MARKET PROVIDES BOROUGH RESIDENTS WITH A PEDESTRIAN ACCESSIBLE LOCATION TO PURCHASE FRESH PRODUCE AND OTHER FARM RELATED GOODS. THE MARKET CREATES VISIBILITY AND TANGIBILITY OF THE IMPORTANCE OF AGRICULTURE IN THE LITITZ AREA AS WELL AS INCREASING FOOT TRAFFIC WITHIN THE DOWNTOWN BUSINESS DISTRICT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,769
Program Service Revenue $0
Investment Income $6,605
Other Revenue $133,379
TOTAL REVENUE $185,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,956
Fundraising Expenses $1,131
Program Expenses $14,193
Other Expenses $41,125
TOTAL EXPENSES $114,081

Year-over-Year Comparison

2023 2022 Change
Revenue $185,753 $124,665 +0.5%
Expenses $114,081 $108,954 +0.0%
Net Income $71,672 $15,711 +3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$67,505
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM WENGER SECRETARY 0.50
Officer Director
$0 $0 $0
DONNA FELTON BOARD MEMBER 2.00
Director
$0 $0 $0
SHERI GARMAN TREASURER 2.00
Officer Director
$0 $0 $0
MARK HOUGH VICE-PRESIDENT 0.50
Officer Director
$0 $0 $0
ROBYN TALLEY BOARD MEMBER 0.50
Director
$0 $0 $0
SHIRLEY FLICKINGER BOARD MEMBER 0.50
Director
$0 $0 $0
CHRISTINE SENSENICH BOARD MEMBER 0.50
Director
$0 $0 $0
JON WALKER BOARD MEMBER 0.50
Director
$0 $0 $0
MARIA ELLIOTT PRESIDENT 4.00
Officer Director
$0 $0 $0
REBECCA L BRANLE EXECUTIVE DIRECTOR 40.00
Director
$67,505 $0 $67,505
JENNI LEISTER BOARD MEMBER 0.50
Director
$0 $0 $0
LYNDSAY WARNER BOARD MEMBER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $185,753 $114,081 $493,860 $71,672
2022 $124,665 $108,954 $333,688 $15,711
2021 $222,752 $95,948 $246,313 $126,804
2020 $80,336 $94,495 $118,225 $-14,159
2019 $124,406 $103,999 $120,755 $20,407
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