VENTURES UNLIMITED INC (EIN 391593285) - 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

1976

Legal Domicile

Principal Officer

VERN LOKKEN

Phone

7154682939

Tax Period

2024-01-01 to 2024-12-31

VENTURES UNLIMITED INC, founded in 1976, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.9M left a modest 6% surplus.

Mission

PROVIDING INNOVATIVE SERVICES FOR INDIVIDUALS WITH DISABILITIES SO THEY MAY LEAD MEANINGFUL LIVES. VALUE STATEMENTS: 1. OPPORTUNITIES CREATE THE POSSIBILITY FOR GROWTH AND EMPOWERMENT; THEREFORE, ALL PEOPLE HAVE THE RIGHT TO EQUAL OPPORTUNITIES - TO EXPERIENCE OR WITHDRAW, TO SUCCEED OR FAIL - WITH THEIR DECISION BEING RESPECTED. 2. OUR SUCCESS DEPENDS ON VALUING AND PRACTICING INCLUSION AND INTEGRATION IN THE COMMUNITY. 3. ALL PEOPLE HAVE THE RIGHT TO CHOOSE THE GOALS IN THEIR LIFE. 4. ALL PEOPLE HAVE THE RIGHT TO BE TREATED WITH DIGNITY AND RESPECT. 5. ALL PEOPLE HAVE A RESPONSIBILITY TO EXPRESS THEIR NEEDS WITH THE SECURITY OF KNOWING THEY WILL BE HEARD AND THAT WE WILL ADVOCATE FOR THOSE WHO CANNOT COMMUNICATE ON THEIR OWN. 6. WE SELECT AND VALUE DEDICATED, QUALIFIED STAFF AND BOARD MEMBERS WHO BELIEVE IN THE PHILOSOPHY OF VENTURES UNLIMITED, INC. 7. WE STRIVE TO CREATE AN ATMOSPHERE OF CREATIVITY AND TEAMWORK. 8. ALL PEOPLE ARE UNIQUE, WITH THEIR OWN ABILITIES. 9. WE CHALLENGE OUR

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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 (2024)

Revenue Breakdown

Contributions & Grants $91,650

Program Service Revenue $2,517,775

Investment Income $152,795

Other Revenue $337,059

TOTAL REVENUE $3,099,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,310,294

Fundraising Expenses $0

Program Expenses $2,467,857

Other Expenses $591,731

TOTAL EXPENSES $2,902,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,099,279	$3,001,023	+0.0%
Expenses	$2,902,025	$2,740,844	+0.1%
Net Income	$197,254	$260,179	-0.2%

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

Governance

Voting Members

Independent Members

Employees

185

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

$113,489

Total Directors

$113,489

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL SOLTIS	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
BETHANY DENEEN	DIRECTOR	1.00	Director	$0	$0	$0
VERN LOKKEN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
FRED JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BARB MUENCH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN FRANE	CEO	40.00	Officer Director	$107,208	$6,281	$113,489

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	$3,099,279	$2,902,025	$3,510,430	$197,254
2023	$3,001,023	$2,740,844	$3,435,903	$260,179
2022	$2,806,929	$2,383,984	$3,347,908	$422,945
2021	$2,898,924	$2,064,026	$2,869,650	$834,898
2020	$1,968,640	$1,948,384	$2,602,734	$20,256
2019	$2,345,151	$2,345,533	$2,002,968	$-382
2018	$2,423,685	$2,469,157	$2,096,416	$-45,472

VENTURES UNLIMITED INC