Venice Pride

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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

2016

Legal Domicile

Principal Officer

Grant Turck

Phone

4243307577

Tax Period

2023-01-01 to 2023-12-31

Venice Pride, founded in 2016, is a small nonprofit in the Civil Rights & Advocacy sector that reported $627K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $338K, a strong 54% operating margin.

Mission

Venice Pride is a 501c3 non-profit organization with a mission to strengthen and empower the LGBTQ+ community in Los Angeles through education public art events and partnerships.

Program Service Accomplishments

Program 1

Expenses: $26,310 Revenue: $25,156

Venice Pride Block Party: Venice Pride works each year to organize a block party that is free and open to the public. The Venice Pride Block Party is an opportunity for the LGBTQ community and its...

Venice Pride Block Party: Venice Pride works each year to organize a block party that is free and open to the public. The Venice Pride Block Party is an opportunity for the LGBTQ community and its allies to come together in a safe accepting environment that is educational and celebratory. Numerous nonprofit pride partners some with little to no marketing budgets are able to provide vital information to the community at large on topics ranging from HIV Aids prevention equal rights and healthcare. The sixth annual event took place on June 2 2023 and attracted over 4,000 attendees from across Southern California and beyond.

Program 2

Expenses: $80,458 Revenue: $132,251

Venice Pride Community Engagement: Venice Pride continued hosting the monthly queer dance party Gaywatch at Baja Cantina. This vibrant event has seen an upward trajectory in popularity regularly...

Venice Pride Community Engagement: Venice Pride continued hosting the monthly queer dance party Gaywatch at Baja Cantina. This vibrant event has seen an upward trajectory in popularity regularly attracting over 300 LGBTQ+ community members each month. It serves as a dynamic platform for dancing socializing and strengthening community bonds within the LGBTQ+ population.

Program 3

Expenses: $95,654 Revenue: $424,200

Venice Pride Historical Preservation: In 2022 Venice Pride initiated legal action following a breach of its licensing agreement for the Roosterfish trademark. The case was successfully resolved in...

Venice Pride Historical Preservation: In 2022 Venice Pride initiated legal action following a breach of its licensing agreement for the Roosterfish trademark. The case was successfully resolved in 2023 resulting in a substantial legal settlement and securing the continued operation of Roosterfish in Venice and beyond. This effort reflects Venice Prides dedication to preserving LGBTQ community spaces and cultural heritage.

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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 $40,810

Program Service Revenue $118,209

Investment Income $2,268

Other Revenue $466,120

TOTAL REVENUE $627,407

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,422

Other Expenses $288,418

TOTAL EXPENSES $288,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$627,407	$249,827	+1.5%
Expenses	$288,918	$490,113	-0.4%
Net Income	$338,489	$-240,286	-2.4%

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

N/A

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
Grant Turck	President and Director	20.00	Officer Director	$0	$0	$0
Sergio Perez	Secretary and Director	1.00	Officer Director	$0	$0	$0
Richard Tobin	Treasurer and Director	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	$627,407	$288,918	$402,243	$338,489
2023	$627,407	$288,918	$402,243	$338,489
2022	$249,827	$490,113	$56,268	$-240,286