VENTURE

EIN: 411720155 501(c)(3)

BURNSVILLE, MN

Total Revenue
$7,644,584
Total Expenses
$7,557,791
Total Assets
$4,464,155
Net Assets
$4,234,332
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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
1992
Legal Domicile
MN
Principal Officer
RYAN SKOOG
Phone
9528867676
Tax Period
2023-01-01 to 2023-12-31

VENTURE, founded in 1992, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

VENTURE WORKS IN THE LEAST REACHED AREAS OF THE WORLD WHERE MILLIONS OF PEOPLE ARE SUFFERING FROM WAR, HUMAN TRAFFICKING, AND OPPRESSION. IN THESE TOUGH PLACES, VENTURE EQUIPS LOCAL CHRISTIAN LEADERS TO MEET URGENT NEEDS AND BRING THE HOPE OF JESUS, SO COMMUNITIES CAN EXPERIENCE GENERATIONAL TRANSFORMATION.

Program Service Accomplishments

Program 1
Expenses: $6,813,434 Revenue: $135,888

VENTURE PARTNERS WITH LOCAL LEADERS IN AREAS OF THE WORLD THAT ARE UNSAFE, UNREACHED, AND UNRESOURCED.WE HELP EMPOWER, TRAIN, AND EQUIP LOCAL LEADERS TO BRING SAFETY, RESCUE, AND RESTORATION TO...

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VENTURE PARTNERS WITH LOCAL LEADERS IN AREAS OF THE WORLD THAT ARE UNSAFE, UNREACHED, AND UNRESOURCED.WE HELP EMPOWER, TRAIN, AND EQUIP LOCAL LEADERS TO BRING SAFETY, RESCUE, AND RESTORATION TO TRAFFICKED GIRLS, FARMING AND FEEDING PROGRAMS TO WAR REFUGEES, FEMININE HYGIENE TRAINING TO RURAL AREAS, AND SCRIPTURE TO ORAL PREFERENCE COMMUNITIES.COMBINING CHURCH PLANTING, COMMUNITY RELIEF, AND DEVELOPMENT BRINGS GENERATIONAL CHANGE TO OPPRESSED COMMUNITIES.IN THE US, VENTURE EMPOWERS INDIVIDUALS TO DONATE, PRAY, ENGAGE THEIR BUSINESSES AND CHURCHES, OR UTILIZE MILES (VENTUREMILES.ORG) TO RAISE FUNDS AND CREATE AWARENESS. IN ADDITION, WE ARE SHARING WITH THE CHURCH IN THE US WHAT WE HAVE LEARNED FROM THE GLOBAL CHURCH TO LAUNCH DISCIPLE-MAKING MOVEMENTS THAT HAVE TRANSFORMED COMMUNITIES WORLDWIDE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,430,587
Program Service Revenue $135,888
Investment Income $87,706
Other Revenue $-9,597
TOTAL REVENUE $7,644,584

Expense Breakdown

Grants Paid $4,782,696
Salaries & Benefits $1,109,887
Fundraising Expenses $258,350
Program Expenses $6,813,434
Other Expenses $1,665,208
TOTAL EXPENSES $7,557,791

Year-over-Year Comparison

2023 2022 Change
Revenue $7,644,584 $6,005,204 +0.3%
Expenses $7,557,791 $5,978,514 +0.3%
Net Income $86,793 $26,690 +2.3%
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

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Governance

Voting Members
9
Independent Members
5
Employees
11
Volunteers
3278

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
4
$114,122
Total Directors
9
$203,691
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM SKOOG CHAIRMAN OF THE BOARD 5.00
Officer Director
$0 $0 $0
RYAN SKOOG PRESIDENT, CEO 5.00
Officer Director
$0 $0 $0
BRAD AHLM TREASURER 5.00
Officer Director
$0 $0 $0
PAUL HURCKMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$114,122 $0 $114,122
TERRY BOYNTON MEMBER 5.00
Director
$0 $0 $0
KRISTEN WILLARD MEMBER 40.00
Director
$89,569 $0 $89,569
SETH NIELSEN MEMBER 5.00
Director
$0 $0 $0
TERRY LIJEWSKI MEMBER 5.00
Director
$0 $0 $0
ANDREA LATHROP MEMBER 5.00
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
2024 No data No data No data No data
2023 $7,644,584 $7,557,791 $4,464,155 $86,793
2022 $6,005,204 $5,978,514 $4,281,229 $26,690
2021 $6,516,603 $5,424,135 $4,889,777 $1,092,468
2020 $4,015,273 $3,588,093 $3,192,933 $427,180
2019 $5,153,869 $4,285,509 $3,001,950 $868,360
2018 $4,493,655 $3,831,251 $2,045,489 $662,404
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