VELODROME FUND INC

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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

1995

Legal Domicile

Principal Officer

WENDY MOYER-DRABICK

Phone

6103957000

Tax Period

2024-01-01 to 2024-12-31

VELODROME FUND INC, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $780K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $723K left a modest 7% surplus.

Mission

TO OPERATE THE VELODROME FACILITY AND PROMOTE BICYCLE RACING.

Program Service Accomplishments

Program 1

Revenue: $223,833

TO OPERATE THE VELODROME FACILITY AND TO PROMOTE BICYCLE RACING AND OTHER FITNESS ACTIVITIES HELD THERE.

Program 2

TO DEVELOP CYCLING PROGRAMS FOR THE FITNESS AND WELL BEING OF THE RESIDENTS OF THE LEHIGH VALLEY AND SURROUNDING COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $518,662

Program Service Revenue $223,833

Investment Income $28,904

Other Revenue $8,974

TOTAL REVENUE $780,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,608

Fundraising Expenses $20,671

Program Expenses $575,851

Other Expenses $349,203

TOTAL EXPENSES $722,811

Year-over-Year Comparison

	2024	2023	Change
Revenue	$780,373	$656,499	+0.2%
Expenses	$722,811	$933,936	-0.2%
Net Income	$57,562	$-277,437	-1.2%

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

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
ED SLAUGHTER	CHAIRMAN	2.00	Officer	$0	$0	$0
RICK BEUTTEL	DIRECTOR	2.00	Officer	$0	$0	$0
JONATHAN WITTE	SECRETARY	2.00	Officer	$0	$0	$0
CHRIS TEAKLE	TREASURER	2.00	Officer	$0	$0	$0
ELSPETH HUYETT	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE LEE	DIRECTOR	2.00	Director	$0	$0	$0
BOB MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
DR NEAL STANSBURY	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW NORELLI	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2024	$780,373	$722,811	$1,554,507	$57,562
2023	$656,499	$933,936	$1,483,272	$-277,437
2022	$771,660	$801,190	$1,553,764	$-29,530
2021	$936,928	$935,151	$1,844,895	$1,777
2020	$764,416	$993,440	$1,740,393	$-229,024
2019	$673,621	$842,538	$1,820,122	$-168,917
2018	$649,509	$1,130,543	$1,854,862	$-481,034