Viable INC EIN 84-2852472

Viable INC

EIN  84-2852472 Public charity (501(c)(3)) Nashville, TN
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Size
$100K–1M
What they do
Facilitates business opportunities and develops leaders to help vulnerable communities become self-sustaining.
Leadership
Benjamin Turner · President · $136K
Money in and out
$794K revenue, $651K expenses
Bottom line
78% program efficiency

Facilitates business opportunities and develops leaders to help vulnerable communities become self-sustaining. For fiscal year 2024 it reported $794K in revenue, $651K in expenses, and $144K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$794K
Pt VIII · Ln 12
Total expenses
$651K
Pt IX · Ln 25
Net assets
$144K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $142K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.17 Fundraising $0.04
Program efficiency
78%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate▲ ×30 vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +172% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$794K
FY2024▲ +46%
Expenses
$651K
FY2024▼ -4%
Total assets
$180K
FY2024▲ +678%
Total liabilities
$36K
FY2024▲ +67%
Total revenue
$794K
Pt VIII · Ln 12
Total expenses
$651K
Pt IX · Ln 25
Net assets
$144K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$142K
Total assetsPt X · Ln 16$180K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

2 program services account for $510K of program spending, described in the organization's own filed words · FY2024.
01

Viable is working to meet a critical need for survivors of abuse and exploitation in the us. Viable serves women and youth who have survived human trafficking, domestic violence-ipv, AND/OR sexual exploitation, and youth who are aging out of foster care.

$510Kprogram expense
02

Viable worked to identify and facilitate business opportunities on behalf of approximately 5,000 vulnerable, subsistence farmers in uganda, who represent approximately 25,000 dependents. Viable negotiated with local commercial buyers and processors in uganda to establish pre-arranged, ethical, fair market purchase agreements for crops…

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CViable INC
EINHdr · item D84-2852472
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jviableimpact.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$136,070Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Benjamin Turner’s $136K as President is at the 87th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Benjamin Turner$136,070$150,000$150,000$107,722$144,776
John Jared$120,500
Bob Bender$65,000$60,000$65,000$60,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$756K · 95%
Program service revenue$38K · 5%
Contributions & grants95%$756K
Program service revenue5%$38K
Total revenueLn 12$794K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.17 Fundraising $0.04
Program services78%$510K
Management & general17%$113K
Fundraising4%$29K
Total functional expensesLn 25$651K

Balance Sheet

Part X · end of year
CashLn 1$165K
Total assetsLn 16$180K
Total liabilitiesLn 26$36K
Total net assetsLn 32$144K
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $165K · Operating expenses/yr $651K
3.0 months
Where the money goes
Program services
Program services $510K · Total expenses $651K
78%
Management & General
Management & general $113K · Total expenses $651K
17%
Fundraising
Fundraising $29K · Total expenses $651K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $712K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $756K · Total revenue $794K
95%
Government reliance
Government grants — · Total revenue $794K
Earned-income share
Program service revenue $38K · Total revenue $794K
5%
Investment reliance
Investment income $0 · Total revenue $794K
0%
Program self-sufficiency
Program service revenue $38K · Total expenses $651K
6%
Growth & trend
Revenue growth (YoY)
This year $794K · Prior year $542K
+46%
Revenue CAGR
FY2020 $924K · FY2024 $794K
-4%
Net-asset trend (YoY)
End of year $144K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $794K · Expenses $651K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $180K
Net-asset ratio
Net assets $144K · Total assets $180K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $180K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Benjamin Turner · Reported title PRESIDENT · Highest reported compensation $136K · Total expenses $651K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $334K · Total expenses $651K
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 17%
Fundraising cost ratio 4%
Revenue growth 46%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$401K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$794K revenue · viewing · ⤓ 990 PDF
FY2023$542K revenue · ⤓ 990 PDF
FY2022$850K revenue · ⤓ 990 PDF
FY2021$784K revenue · ⤓ 990 PDF
FY2020$924K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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