VENTURE CENTRAL INC

EIN: 510252306 501(c)(3) Community Improvement

Charlottesville, VA

Total Revenue
$611,234
Total Expenses
$584,435
Total Assets
$339,545
Net Assets
$319,807
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
VA
Principal Officer
Rebecca Haydock
Phone
4342330676
Tax Period
2025-01-01 to 2025-12-31

VENTURE CENTRAL INC, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $611K in total revenue in fiscal year 2025. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $584K left a modest 4% surplus.

Mission

Venture Central's mission is to serve and strengthen the Central Virginia entrepreneurial community by building and bridging connections, programs, funding, and spaces. We collaborate with regional entrepreneurs and business support partners for the advancement of the entrepreneurial ecosystem in Central Virginia.

Program Service Accomplishments

Program 1
Expenses: $256,513 Revenue: $313,000

Venture Central is host to the 434 Accelerator program - an early stage innovation commercialization program that provides startup companies with space, programming, interns, mentorship, connection...

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Venture Central is host to the 434 Accelerator program - an early stage innovation commercialization program that provides startup companies with space, programming, interns, mentorship, connection to resources, individualized coaching and community. The program is Central Virginia centric with cohort companies primarily coming from the City of Charlottesville and Albemarle County.

Program 2
Expenses: $99,271 Revenue: $95,879

Venture Central hosts the Venture Central Food and Beverage consumer packaged goods (CPG) project. The Food & Beverage Business Accelerator is an initiative to help food and non-alcoholic beverage...

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Venture Central hosts the Venture Central Food and Beverage consumer packaged goods (CPG) project. The Food & Beverage Business Accelerator is an initiative to help food and non-alcoholic beverage manufacturers scale. A 2025 planning grant from GO Virginia Region 9 produced a 46-page report that assessed the regional ecosystem, validated market demand, benchmarked successful models, and designed an implementation-ready framework. The report presented data-driven findings that recommended the establishment of a Food & Beverage CPG Business Accelerator in Region 9.

Program 3
Expenses: $71,627 Revenue: $31,150

Venture Central convened stakeholders and offered advisory support to projects, programs, and ESOs that support the regional entrepreneurial ecosystem. It facilitated a regional CEO forum consisting...

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Venture Central convened stakeholders and offered advisory support to projects, programs, and ESOs that support the regional entrepreneurial ecosystem. It facilitated a regional CEO forum consisting of growth-stage CEOs and convened industry and entrepreneurship groups to support education, connection, and coordination - designed to advance a more collaborative and supportive ecosystem in which businesses can thrive. In 2025 Venture Central conducted the Homegrown Innovators event, formed a regional CEO Advisory Board which shared needs and policy considerations, coordinated an entrepreneur service organization advisory group to enhance information sharing and collaboration, developed and expanded an ecosystem resource map, completed the Regional Entrepreneurship Initiative grant, applied for two grants, and supported advancement of a statewide angel network project.

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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 (2025)

Revenue Breakdown

Contributions & Grants $610,084
Program Service Revenue $1,150
Investment Income $0
Other Revenue $0
TOTAL REVENUE $611,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $480,145
Fundraising Expenses $11,837
Program Expenses $498,616
Other Expenses $101,290
TOTAL EXPENSES $584,435

Year-over-Year Comparison

2025 2024 Change
Revenue $611,234 $797,425 -0.2%
Expenses $584,435 $615,712 -0.1%
Net Income $26,799 $181,713 -0.9%
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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Governance

Voting Members
10
Independent Members
10
Employees
15
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
4
$158,976
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Touve 434 Managing Director 40
Highest
$149,000 $13,598 $162,598
Rebecca Haydock CEO 40
Officer Highest
$140,000 $18,976 $158,976
Timothy Harvey Board Chair 2
Officer Director
$0 $0 $0
John Gaskins Vice Chair & Board Treasurer 2
Officer Director
$0 $0 $0
Don Long Board Secretary 2
Officer Director
$0 $0 $0
Lianne Landers Director 1
Director
$0 $0 $0
Sarah Rumbaugh Director 1
Director
$0 $0 $0
Charlie Rogers Director 1
Director
$0 $0 $0
Chris Engel Director 1
Director
$0 $0 $0
Emily Kilroy Director 1
Director
$0 $0 $0
Pyam Pourtaheri Director 1
Director
$0 $0 $0
Daniel Bailey Director 1
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 $611,234 $584,435 $339,545 $26,799
2024 $797,425 $615,712 $318,140 $181,713
2023 $478,304 $423,601 $168,658 $54,703
2022 $212,093 $186,650 $100,443 $25,443
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