NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC (EIN 834583974) - 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

2019

Legal Domicile

Principal Officer

JEFFREY CHERRY

Phone

4102795663

Tax Period

2023-01-01 to 2023-12-31

NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $510K in total revenue in fiscal year 2023. Revenue surged 219% from the prior year, signaling strong growth momentum. Expenses of $445K left a modest 13% surplus.

Mission

THE ORGANIZATION IS FORMED AND OPERATED FOR THE PURPOSE OF ADMINISTERING TRAINING PROGRAMS THAT EXPOSE EARLY-STATE FOUNDERS, CEOS AND OTHER EXECUTIVES TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM, AND TO THE IDEA OF USING ENTREPRENEURS AS A TOOL FOR ECONOMIC INCLUSION, GROWTH, AND WEALTH CREATIONS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $497,500

Program Service Revenue $12,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $510,000

Expense Breakdown

Grants Paid $45,750

Salaries & Benefits $0

Fundraising Expenses $46,976

Program Expenses $301,431

Other Expenses $399,032

TOTAL EXPENSES $444,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$510,000	$160,000	+2.2%
Expenses	$444,782	$61,223	+6.3%
Net Income	$65,218	$98,777	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY CHERRY	PRESIDENT	N/A	Officer Director	$0	$0	$0
JULIE LENZER	DIRECTOR	N/A	Director	$0	$0	$0
L CONTENT MCLAUGHLIN	VP AND SECRT	N/A	Officer Director	$0	$0	$0
JOSEPH VALIS	TREASURER	N/A	Officer	$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	$510,000	$444,782	$163,995	$65,218
2022	$160,000	$61,223	$98,777	$98,777

NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC