PHILANTHROPIC VENTURES FOUNDATION

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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

1991

Legal Domicile

Principal Officer

JAMES HIGA

Phone

5106451890

Tax Period

2023-01-01 to 2023-12-31

PHILANTHROPIC VENTURES FOUNDATION, founded in 1991, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $71.0M in total revenue in fiscal year 2023. Revenue surged 210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46.1M, a strong 65% operating margin.

Mission

TO ENGAGE CREATIVE DONORS AND COMMUNITY PARTNERS IN GRASSROOTS PHILANTHROPY VIA RADICAL COLLABORATION.

Program Service Accomplishments

Program 1

Expenses: $20,466,322 Revenue: $0

PHILANTHROPIC VENTURES FOUNDATION (PVF) BRINGS A UNIQUE PERSPECTIVE TO PHILANTHROPY AND THE WAY IT IS CARRIED OUT TO MAXIMIZE IMPACT. WE PROVIDE A VALUABLE AND OTHERWISE UNHEARD VOICE TO THE...

PHILANTHROPIC VENTURES FOUNDATION (PVF) BRINGS A UNIQUE PERSPECTIVE TO PHILANTHROPY AND THE WAY IT IS CARRIED OUT TO MAXIMIZE IMPACT. WE PROVIDE A VALUABLE AND OTHERWISE UNHEARD VOICE TO THE PHILANTHROPIC SECTOR. WE HAVE BUILT UP LONG-TERM RELATIONSHIPS WITH DONORS, HELPED SHAPE THEIR CHARITABLE GIVING, AND ARE REGARDED AS TRUSTED PHILANTHROPIC ADVISORS TO MANY. OUR APPROACH AND VISION FOR PHILANTHROPY HAVE BEEN BROADCAST THOROUGHLY AND EMBRACED THROUGH OUR RECENT BOOK, GRASSROOTS PHILANTHROPY, PUBLIC SPEAKING ENGAGEMENTS, AND TEACHING. PVF STAFF IS IN CONSTANT COMMUNICATION WITH ITS GRANTEES TO ACT AS AN ADVOCATE IN HELPING THEM SUCCEED IN THEIR WORK.

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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 $69,240,577

Program Service Revenue $0

Investment Income $1,782,223

Other Revenue $0

TOTAL REVENUE $71,022,800

Expense Breakdown

Grants Paid $16,490,983

Salaries & Benefits $4,532,589

Fundraising Expenses $2,116,050

Program Expenses $20,466,322

Other Expenses $3,906,930

TOTAL EXPENSES $24,930,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,022,800	$22,915,613	+2.1%
Expenses	$24,930,502	$23,373,623	+0.1%
Net Income	$46,092,298	$-458,010	-101.6%

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

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

$341,045

Total Directors

$115,937

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL SOMERVILLE	PRESIDENT/FOUNDER	24.00	Officer Director	$105,290	$10,647	$115,937
MOIRA C WALSH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAMES HIGA	TREASURER/EXECUTIVE DIRECTOR	32.00	Officer Director	$0	$0	$0
DUNCAN BEARDSLEY	DIRECTOR	2.00	Director	$0	$0	$0
JAMES R CODY	DIRECTOR	2.00	Director	$0	$0	$0
KAMBA TSHIONYI	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE SPEIER	DIRECTOR	2.00	Director	$0	$0	$0
COLBURN S WILBUR	DIRECTOR	2.00	Director	$0	$0	$0
ALICIA AGUIRRE	DIRECTOR	2.00	Director	$0	$0	$0
ADRIENNE TISSIER	DIRECTOR (THRU 3/6/23)	2.00	Director	$0	$0	$0
DAWN HAWK	COO	40.00	Officer	$198,000	$27,108	$225,108

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	$71,022,800	$24,930,502	$81,605,913	$46,092,298
2022	$22,915,613	$23,373,623	$32,597,542	$-458,010
2021	$20,169,103	$17,471,267	$36,414,979	$2,697,836
2020	$16,137,293	$13,569,821	$31,645,319	$2,567,472
2019	$14,426,011	$10,519,908	$26,415,593	$3,906,103
2018	$9,447,183	$10,403,805	$19,527,632	$-956,622