COMMUNITY VENTURES CORPORATION (EIN 311064807) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

KEVIN SMITH

Phone

8592310054

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY VENTURES CORPORATION, founded in 1982, is a mid-sized nonprofit in the Community Improvement sector that reported $22.2M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $21.1M left a modest 5% surplus.

Mission

COMMUNITY VENTURES CORPORATION, INC.'S (CVC) CENTRAL MISSION IS TO PROVIDE INDIVIDUALS AND FAMILIES WITH THE SKILLS, INCOME, AND ASSETS THEY NEED TO ACHIEVE FINANCIAL INDEPENDENCE. CVC HELPS PEOPLE INCREASE INCOME AND BUILD ASSETS WITH THREE MAIN STRATEGIES: SMALL BUSINESS OWNERSHIP, HOME OWNERSHIP, AND JOB CREATION THROUGH BUSINESS EXPANSION.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,705,415

Program Service Revenue $6,585,297

Investment Income $1,849,009

Other Revenue $3,033,043

TOTAL REVENUE $22,172,764

Expense Breakdown

Grants Paid $2,509,060

Salaries & Benefits $5,571,182

Fundraising Expenses $556,620

Program Expenses $18,597,924

Other Expenses $13,004,225

TOTAL EXPENSES $21,084,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,172,764	$14,011,669	+0.6%
Expenses	$21,084,467	$13,285,348	+0.6%
Net Income	$1,088,297	$726,321	+0.5%

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

Governance

Voting Members

Independent Members

Employees

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

$2,423,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF KOONCE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES DUKE	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
LORRAIN SMOOT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
ARTIE FORD	DIRECTOR	1.00	Director	$0	$0	$0
JERRY JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR SALOMON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HENRY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WATZ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOJUANA LEAVELL-GREENE	VICE CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
REVEREND FRED MITCHELL	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN HUTCHINSON	CHIEF DEV. OFFICER	40.00	Officer	$126,200	$37,860	$164,060
ROBERT BURNS	PRES MSTRD SEED HILL	40.00	Officer	$85,409	$29,893	$115,302
OTIS SINGLETON	DIRECTOR OF FINANCE	40.00	Officer	$106,480	$37,268	$143,748
THOMAS MURRO	PRESIDENT CHEF SPACE	40.00	Officer	$102,200	$35,770	$137,970
SHANE DARRISAW	PRESIDENT MPACT PRO	40.00	Officer	$135,000	$60,750	$195,750
BRENDA WEAVER	PRESIDENT HOUSING	40.00	Officer	$163,651	$49,095	$212,746
DANIEL HEFFERNAN	PRESIDENT NMTC	40.00	Officer	$134,921	$47,222	$182,143
SHIRIE HAWKINS	PRES EVERYTHING EQUITY	40.00	Officer	$130,000	$4,810	$134,810
WILEY FAW	CHIEF OPERATING OFFI	40.00	Officer	$131,300	$60,040	$191,340
MARK JOHNSON	PRESIDENT OF ART INC	40.00	Officer	$70,253	$24,589	$94,842
MILTON SHARP	PRESIDENT - EHOME	40.00	Officer	$151,500	$46,965	$198,465
KEVIN SMITH	PRESIDENT & CEO	40.00	Officer	$244,617	$88,062	$332,679
MICHAEL BERRYMAN	VP E HOME	40.00	Officer	$119,650	$41,878	$161,528
MARITA WILLIS	PRES. COMMUNITY ENGAGEMENT	40.00	Officer	$117,200	$41,020	$158,220
PHILLIP CAVE	CONTROLLER	40.00	Highest	$106,947	$37,431	$144,378
LYNN LITTREL	SENIOR VP COMMERIAL LENDIN	40.00	Highest	$105,774	$37,021	$142,795

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	$22,172,764	$21,084,467	$86,001,950	$1,088,297
2022	$14,011,669	$13,285,348	$86,787,851	$726,321
2021	$14,249,179	$12,034,706	$84,057,573	$2,214,473
2020	$12,223,604	$9,202,952	$81,412,824	$3,020,652
2019	$11,518,616	$14,641,203	$69,660,033	$-3,122,587
2018	$9,625,854	$9,037,699	$68,707,565	$588,155

COMMUNITY VENTURES CORPORATION