Venture Noire Inc Venture Noire

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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

Principal Officer

KEENAN BEASLEY

Phone

6463343475

Tax Period

2023-01-01 to 2023-12-31

Venture Noire Inc Venture Noire, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $222K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $471K exceeded revenue, resulting in a 112% operating deficit.

Mission

To improve Black business health.

Program Service Accomplishments

Program 1

Expenses: $60,388

Community Events and Programming

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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 $221,817

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $221,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,513

Fundraising Expenses $0

Program Expenses $60,388

Other Expenses $378,781

TOTAL EXPENSES $471,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,817	$1,458,170	-0.8%
Expenses	$471,294	$1,001,264	-0.5%
Net Income	$-249,477	$456,906	-1.5%

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

N/A

Independent Members

N/A

Employees

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
KEENAN BEASLEY	President	40.00	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
2023	$221,817	$471,294	$306,277	$-249,477
2022	$1,458,170	$1,001,264	$611,844	$456,906
2021	$691,664	$542,202	$154,941	$149,462