VELOCITY ENTREPRENEURIAL DRIVE

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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

2007

Legal Domicile

Principal Officer

JACK G CRAWFORD JR

Phone

9167152222

Tax Period

2023-01-01 to 2023-12-31

VELOCITY ENTREPRENEURIAL DRIVE, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $240K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT AND ENCOURAGE ENTREPRENEURSHIP.

Program Service Accomplishments

Program 1

Expenses: $214,834

THE ORGANIZATION HAS AWARDED PRIZES AND HELD MARKETING EVENTS TO ENCOURAGE ENTREPRENEURSHIP.

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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 $0

Program Service Revenue $239,741

Investment Income $0

Other Revenue $0

TOTAL REVENUE $239,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,921

Fundraising Expenses $0

Program Expenses $214,834

Other Expenses $19,248

TOTAL EXPENSES $240,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,741	$248,189	0.0%
Expenses	$240,169	$251,791	0.0%
Net Income	$-428	$-3,602	-0.9%

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON ANDERSON	EXECUTIVE DI	40.00	Officer	$93,000	$17,000	$110,000
JACK G CRAWFORD JR	PRESIDENT	2.00	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	$239,741	$240,169	$113	$-428
2022	$248,189	$251,791	$541	$-3,602
2019	$261,672	$262,269	$3,298	$-597
2018	$258,403	$259,345	$3,895	$-942