VENTURE CAROLINA (EIN 464531249) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

LEON C BANKS JR

Phone

8034146702

Tax Period

2024-01-01 to 2024-12-31

VENTURE CAROLINA, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $185K left a modest 7% surplus.

Mission

TO PROVIDE EDUCATIONAL PROGRAMS TO STIMULATE THE CREATION AND GROWTH OF HIGH IMPACT COMPANIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $199,622

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $199,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,871

Fundraising Expenses $0

Program Expenses $144,094

Other Expenses $177,203

TOTAL EXPENSES $185,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,622	$100,450	+1.0%
Expenses	$185,074	$138,587	+0.3%
Net Income	$14,548	$-38,137	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$5,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN RHODES	AT-LARGE	0.50	Director	$0	$0	$0
DOROTHY SIMMONS	CHAIR	0.50	Officer	$0	$0	$0
TIM ZWERNER	SECRETARY	0.50	Officer	$0	$0	$0
JAMIE LYNCH	TREASURER	0.50	Officer	$0	$0	$0
LEON C BANKS JR	EXECUTIVE DIRECTOR	20.00	Officer	$0	$5,400	$5,400

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	$199,622	$185,074	$24,772	$14,548
2023	$100,450	$138,587	$8,534	$-38,137
2022	$248,492	$246,093	$43,436	$2,399
2021	$305,655	$265,282	$42,938	$40,373

VENTURE CAROLINA