VENTURES UNLIMITED INC

EIN: 391593285 501(c)(3)

SHELL LAKE, WI

Total Revenue
$3,099,279
Total Expenses
$2,902,025
Total Assets
$3,510,430
Net Assets
$3,303,843
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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
WI
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.

Program Service Accomplishments

Program 1
Expenses: $2,467,857 Revenue: $2,517,775

MEANINGFUL WORK IS ONE OF THE MOST IMPORTANT SERVICES WE PROVIDED DAILY TO OUR PARTICIPANTS WITH THE ULTIMATE GOAL BEING COMMUNITY EMPLOYMENT. OUR 159 CONSUMERS/EMPLOYEES DEPENDED ON US TO ENSURE...

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MEANINGFUL WORK IS ONE OF THE MOST IMPORTANT SERVICES WE PROVIDED DAILY TO OUR PARTICIPANTS WITH THE ULTIMATE GOAL BEING COMMUNITY EMPLOYMENT. OUR 159 CONSUMERS/EMPLOYEES DEPENDED ON US TO ENSURE THAT THEY LIVED AS INDEPENDENTLY AS POSSIBLE AND ACHIEVED THE ABILITY TO EARN A PAYCHECK, INCREASE THEIR INDEPENDENCE AND HAVE MEANING IN THEIR LIVES. ONE-ON-ONE INDIVIDUAL TRAINERS ASSISTED IN DESIGNING FUNCTIONAL EXERCISES TO IMPROVE DAILY LIVING SKILLS AND WORK SITE-SUCCESSES. GROUP FITNESS AND SUPPORT GROUPS IMPLEMENTED A VARIETY OF ACTIVITIES AND PROGRAMS SUCH AS STRENGTH TRAINING, AEROBICS, BALANCE TRAINING, BALLROOM DANCING AND OUTDOOR ACTIVITIES THAT INCORPORATED FUN TO HELP SUPPORT THE CO-WORKERS.

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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 $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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Governance

Voting Members
5
Independent Members
5
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
3
$113,489
Total Directors
6
$113,489
Key Employees
0
$0
Highest Compensated
0
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
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