Salt Ventures NFP

EIN: 208991904 501(c)(3) Philanthropy & Grantmaking

Wheaton, IL

Total Revenue
$481,688
Total Expenses
$493,786
Total Assets
$7,348
Net Assets
$7,348
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IL
Principal Officer
Robert Faber
Phone
6303980726
Tax Period
2024-01-01 to 2024-12-31

Salt Ventures NFP, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $482K in total revenue in fiscal year 2024.

Mission

Salt Ventures works through local churches to make disciples in the community, at the workplace, and among the poor. We assist local churches and other organizations in Europe, Asia and Africa to preach the Christian religion.

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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 (2024)

Revenue Breakdown

Contributions & Grants $481,688
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $481,688

Expense Breakdown

Grants Paid $234,711
Salaries & Benefits $132,313
Fundraising Expenses $37,321
Program Expenses $250,272
Other Expenses $126,762
TOTAL EXPENSES $493,786

Year-over-Year Comparison

2024 2023 Change
Revenue $481,688 $470,927 +0.0%
Expenses $493,786 $470,870 +0.0%
Net Income $-12,098 $57 -213.2%
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
6
Independent Members
5
Employees
5
Volunteers
N/A

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
2
$17,500
Total Directors
6
$17,500
Key Employees
1
$17,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Faber President N/A
Officer Director Key Emp
$17,500 $0 $17,500
Heidi Truty Secretary N/A
Officer Director
$0 $0 $0
Stoyan Lalev Director N/A
Director
$0 $0 $0
Scott Moreau Director N/A
Director
$0 $0 $0
Richard Popp Director N/A
Director
$0 $0 $0
Claudia Root Director N/A
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 $481,688 $493,786 $7,348 $-12,098
2023 $470,927 $470,870 $19,446 $57
2022 $455,198 $490,894 $19,389 $-35,696
2021 $440,177 $447,162 $55,085 $-6,985
2020 $381,111 $384,564 $62,070 $-3,453
2019 $298,274 $283,536 $65,526 $14,738
2019 $298,274 $278,706 $70,356 $19,568
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