TEEN VENTURE

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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

2001

Legal Domicile

Principal Officer

VICTORIA L KREBS

Phone

2763459169

Tax Period

2023-01-01 to 2023-12-31

TEEN VENTURE, founded in 2001, is a micro nonprofit in the Recreation & Sports sector that reported $95K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $109K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE YOUNG MEN AND WOMEN IN MIDDLE SCHOOL TO TWENTY YEARS OF AGE WITH A TEEN CENTER WHERE THEY CAN PARTICIPATE IN SPECIAL INTEREST ACTIVITIES AND COMMERCIAL ENTERPRISES UNIQUE TO SOUTHWEST VIRGINIA, THEREBY DEVELOPING GOOD CITIZENS FOR THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $97,968

FOR THE OPERATION OF TEEN VENTURE'S CENTER AND IT'S MISSION.

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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 $91,931

Program Service Revenue $0

Investment Income $787

Other Revenue $1,867

TOTAL REVENUE $94,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,250

Fundraising Expenses $2,140

Program Expenses $97,968

Other Expenses $75,793

TOTAL EXPENSES $109,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,585	$87,389	+0.1%
Expenses	$109,043	$100,025	+0.1%
Net Income	$-14,458	$-12,636	+0.1%

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

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

$30,699

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR GLENN A HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
ANN MARIE BURKS	DIRECTOR	1.00	Director	$0	$0	$0
JIM L TALBERT	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE RAY	DIRECTOR	1.00	Director	$0	$0	$0
CAROL A LAWRENCE	EXECUTIVE DIRECTOR	40.00	Director	$30,699	$0	$30,699
MARK MULLINS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA KREBS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MIKE RATLIFF	PRESIDENT	1.00	Officer	$0	$0	$0
RITA STACY RAMEY	TREASURER	5.00	Officer	$0	$0	$0
MATTHEW VANCE	CHAIRMAN	2.00	Officer	$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	$94,585	$109,043	$774,223	$-14,458
2022	$87,389	$100,025	$790,734	$-12,636
2021	$16,798	$85,401	$805,422	$-68,603
2020	$75,263	$88,776	$882,848	$-13,513