Kore Venture Inc

EIN: 850728308 501(c)(3) Community Improvement

Salem, NH

Total Revenue
$603,575
Total Expenses
$306,362
Total Assets
$86,555
Net Assets
$8,584
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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
2020
Legal Domicile
DE
Phone
6037315338
Tax Period
2024-01-01 to 2024-12-31

Kore Venture Inc, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $604K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $297K, a strong 49% operating margin.

Mission

To equip young leaders to contribute to society and pursue their unique path in life.

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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 (2024)

Revenue Breakdown

Contributions & Grants $595,000
Program Service Revenue $8,575
Investment Income $0
Other Revenue $0
TOTAL REVENUE $603,575

Expense Breakdown

Grants Paid $0
Salaries & Benefits $213,487
Fundraising Expenses $0
Program Expenses $177,093
Other Expenses $92,875
TOTAL EXPENSES $306,362

Year-over-Year Comparison

2024 2023 Change
Revenue $603,575 $317,875 +0.9%
Expenses $306,362 $424,975 -0.3%
Net Income $297,213 $-107,100 -3.8%
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
2
Employees
2
Volunteers
10

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
3
$95,000
Total Directors
3
$95,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Beatty Chairman 1.0
Officer Director
$0 $0 $0
Elinor Beatty Secretary 1.0
Officer Director
$0 $0 $0
Mark MacDonald Treasurer / CEO 40.0
Officer Director
$95,000 $0 $95,000
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 $603,575 $306,362 $86,555 $297,213
2023 $317,875 $424,975 $22,834 $-107,100
2022 $572,013 $569,801 $131,408 $2,212
2021 $797,801 $781,104 $866,564 $16,697
2020 $84,725 $195,027 $876,519 $-110,302
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