VENICE HERITAGE FOUNDATION

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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

Principal Officer

CAROL LEVY

Phone

5304171631

Tax Period

2023-06-01 to 2024-05-31

VENICE HERITAGE FOUNDATION, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $244K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $336K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE VENICE HERITAGE FOUNDATION IS DEDICATED TO PRESERVING, SHOWCASING, AND NURTURING VENICE'S DIVERSE CULTURAL HERITAGE AND HISTORY.

Program Service Accomplishments

Program 1

Expenses: $219,062 Revenue: $4,509

THE MUSEUM CAMPUS - A PUBLIC CAMPUS THAT ENRICHES THE LIVES OF CURRENT AND FUTURE GENERATIONS OF VENETIANS AND VISITORS THROUGH EXHIBITIONS, EVENTS, AND ACTIVITIES- IMPROVING THE PRESENT WITH THE...

THE MUSEUM CAMPUS - A PUBLIC CAMPUS THAT ENRICHES THE LIVES OF CURRENT AND FUTURE GENERATIONS OF VENETIANS AND VISITORS THROUGH EXHIBITIONS, EVENTS, AND ACTIVITIES- IMPROVING THE PRESENT WITH THE PAST.

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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 $239,653

Program Service Revenue $4,509

Investment Income $0

Other Revenue $-265

TOTAL REVENUE $243,897

Expense Breakdown

Grants Paid $200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $219,062

Other Expenses $335,605

TOTAL EXPENSES $335,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,897	$148,852	+0.6%
Expenses	$335,805	$40,570	+7.3%
Net Income	$-91,908	$108,282	-1.8%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN YOSHIMARU	PRESIDENT/BOARD MEMBER	10.00	Officer Director	$0	$0	$0
CAROL LEVY	TEASURER/BOARD MEMBER	20.00	Officer Director	$0	$0	$0
MICHAEL MURPHY	BOARD MEMBER	8.00	Director	$0	$0	$0
ED MILLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TAKARA ADAIR	SECRETARY/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JASON SUGARS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH HAFT	BOARD MEMBER (UNTIL JAN, '24)	1.00	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
2025	No data	No data	No data	No data
2024	$243,897	$335,805	$144,446	$-91,908
2024	$12,079	$27,927	$149,151	$-15,848