VENTURE INC (EIN 383024297) - 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

1991

Legal Domicile

Principal Officer

SUSAN HARDING

Phone

2482092600

Tax Period

2023-01-01 to 2023-12-31

VENTURE INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $295K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $775K exceeded revenue, resulting in a 163% operating deficit.

Mission

VENTURE, INC. WILL PROVIDE, ENERGY-EFFICIENT, AFFORDABLE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME LEVELS BY FACILITATING HOME PURCHASE, REHABILITAITON, CONSTRUCTION, AND LENDING AND PERFORM OTHER COMMUNITY DEVELOPMENT ACTIVITIES TO ASSIST IN SUCH OBJECTIVES.

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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 $197,908

Program Service Revenue $0

Investment Income $32,615

Other Revenue $64,549

TOTAL REVENUE $295,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,345

Fundraising Expenses $0

Program Expenses $636,139

Other Expenses $665,994

TOTAL EXPENSES $775,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,072	$471,444	-0.4%
Expenses	$775,339	$704,103	+0.1%
Net Income	$-480,267	$-232,659	+1.1%

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

$325,788

Total Directors

$325,788

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN HARDING	CHAIRPERSON	2.00	Officer Director	$0	$35,650	$180,010
BRAD MICHAUD	PRESIDENT	12.00	Officer Director	$0	$13,012	$145,778
THOMAS KABEL	SECRETARY	1.00	Director	$0	$0	$0
COLEMAN YOUKAM	TRUSTEE	1.00	Director	$0	$0	$0
DARRIEN FRANKLIN	TRUSTEE	1.00	Director	$0	$0	$0
HOLBERT MAXEY	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN KEILER	TRUSTEE	1.00	Director	$0	$0	$0
TERRY WINTER	TRUSTEE	1.00	Director	$0	$0	$0
DOUG WILLIAMS	TREASURER	1.00	Officer 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	$295,072	$775,339	$2,395,371	$-480,267
2022	$471,444	$704,103	$351,748	$-232,659
2021	$338,941	$467,902	$533,526	$-128,961
2020	$825,324	$738,083	$2,260,718	$87,241
2019	$653,628	$1,067,246	$2,140,803	$-413,618
2018	$124,317	$387,883	$2,164,858	$-263,566

VENTURE INC