THE VENTURE OUT PROJECT INC (EIN 471999271) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

PERRY COHEN

Phone

5054506928

Tax Period

2023-01-01 to 2023-12-31

THE VENTURE OUT PROJECT INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $819K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE A SAFE AND FUN SPACE FOR QUEER, TRANS, AND LGBTQ+ PEOPLE TO EXPERIENCE THE OUTDOORS AND TO PROVIDE EDUCATION AND SUPPORT THAT HELPS SCHOOLS AND ORGANIZATIONS AFFIRM THEIR LGBTQ+ COMMUNITY MEMBERS.

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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 $693,430

Program Service Revenue $117,738

Investment Income $0

Other Revenue $7,599

TOTAL REVENUE $818,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $722,378

Fundraising Expenses $0

Program Expenses $901,746

Other Expenses $295,132

TOTAL EXPENSES $1,017,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$818,767	$711,053	+0.2%
Expenses	$1,017,510	$680,758	+0.5%
Net Income	$-198,743	$30,295	-7.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERRY COHEN	PRESIDENT/TREASURER/OFFICER	30.00	Officer Director	$0	$0	$0
BROOKE BULL-COHEN	VICE PRESIDENT/SECRETARY/OFFICER	1.00	Officer 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	$818,767	$1,017,510	$214,107	$-198,743
2022	$711,053	$680,758	$127,341	$30,295
2018	$171,118	$175,861	$9,278	$-4,743

THE VENTURE OUT PROJECT INC