THE VENTURE MENTORING TEAM INC

EIN: 815139940 501(c)(3)

POMPANO BEACH, FL

Total Revenue
$127,210
Total Expenses
$184,487
Total Assets
$206,709
Net Assets
$206,709
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
ROBERT NELSON
Phone
9545627237
Tax Period
2023-01-01 to 2023-12-31

THE VENTURE MENTORING TEAM INC, founded in 2016, is a small nonprofit that reported $127K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $184K exceeded revenue, resulting in a 45% operating deficit.

Mission

THE VENTURE MENTORING TEAM (VMT) IS A 501(C)(3) EDUCATIONAL NON-PROFIT ORGANIZATION DEDICATED TO PROVIDING FREE MENTORING SERVICES TO STARTUP FOUNDERS AND UNDERSERVED SMALL BUSINESS OWNERS. ESTABLISHED IN 2017, VMT CONNECTS ENTREPRENEURS WITH EXPERIENCED MENTORS TO SUPPORT THEIR BUSINESS GROWTH AND DEVELOPMENT. OUR TEAM OF OVER 250 CERTIFIED VOLUNTEER MENTORS OPERATES UNDER A STRICT CODE OF CONDUCT AND PROVIDES GUIDANCE IN AREAS SUCH AS BUSINESS STRATEGY, FUNDRAISING, AND OPERATIONS THROUGH STRUCTURED TEAM MENTORING SESSIONS. THE VMT AIMS TO CREATE A SAFE, INCLUSIVE, AND SUPPORTIVE ENVIRONMENT WHERE ENTREPRENEURS CAN ACCESS THE RESOURCES AND EXPERTISE THEY NEED TO SUCCEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $33,555
Program Service Revenue $88,900
Investment Income $4,755
Other Revenue $0
TOTAL REVENUE $127,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,600
Fundraising Expenses $0
Program Expenses $174,742
Other Expenses $138,887
TOTAL EXPENSES $184,487

Year-over-Year Comparison

2023 2022 Change
Revenue $127,210 $190,250 -0.3%
Expenses $184,487 $198,261 -0.1%
Net Income $-57,277 $-8,011 +6.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
250

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT NELSON CEO 60.00
Officer Director
$0 $0 $0
JIM RYAN DIRECTOR 5.00
Director
$0 $0 $0
TOM MERSCH DIRECTOR 5.00
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 $127,210 $184,487 $206,709 $-57,277
2022 $190,250 $198,261 $263,986 $-8,011
2021 $264,211 $149,844 $271,997 $114,367
2020 $61,887 $31,391 $157,630 $30,496
2019 $100,000 $33,201 $127,134 $66,799
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