VELA (EIN 272451077) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

MARIA HERNANDEZ

Phone

5128508281

Tax Period

2023-01-01 to 2023-12-31

VELA, founded in 2010, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $533K exceeded revenue, resulting in a 45% operating deficit.

Mission

VELA EMPOWERS FAMILIIES OF CHILDREN WITH SPECIAL NEEDS THROUGH HANDS ON COURSES, SUPPORT AND COMMUNITY BUILDING.

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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 $380,676

Program Service Revenue $7,358

Investment Income $0

Other Revenue $-19,888

TOTAL REVENUE $368,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,240

Fundraising Expenses $31,089

Program Expenses $452,133

Other Expenses $157,197

TOTAL EXPENSES $533,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,146	$885,848	-0.6%
Expenses	$533,437	$385,618	+0.4%
Net Income	$-165,291	$500,230	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX CANTU	BOARD CHAIR	5.00	Officer	$0	$0	$0
MIKE YELDELL	TREASURER	5.00	Officer	$0	$0	$0
ALISYN DIAZ	SECRETARY	5.00	Officer	$0	$0	$0
CAROL PORTILLO PHD	MEMBER	0.00	Director	$0	$0	$0
CATHY MCHORSE	MEMBER	0.00	Director	$0	$0	$0
ISBEL COBO	MEMBER	0.00	Director	$0	$0	$0
JAQ DIAZ	MEMBER	0.00	Director	$0	$0	$0
TIMMIE BUI	MEMBER	0.00	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
2023	$368,146	$533,437	$559,349	$-165,291
2022	$885,848	$385,618	$729,834	$500,230
2021	$302,289	$335,570	$226,624	$-33,281
2020	$344,072	$268,418	$279,467	$75,654
2019	$283,405	$210,123	$181,114	$73,282
2018	$201,311	$192,779	$105,702	$8,532

VELA