VELKOMMEN INC (EIN 510162459) - 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

1992

Legal Domicile

Principal Officer

DENISE LOVELAND

Phone

6087842935

Tax Period

2023-01-01 to 2023-12-31

VELKOMMEN INC, founded in 1992, is a small nonprofit that reported $128K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $166K exceeded revenue, resulting in a 29% operating deficit.

Mission

LOW-INCOME HOUSING

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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 $128,069

Investment Income $112

Other Revenue $0

TOTAL REVENUE $128,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,016

Fundraising Expenses $0

Program Expenses $134,478

Other Expenses $164,757

TOTAL EXPENSES $165,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,181	$117,326	+0.1%
Expenses	$165,773	$154,994	+0.1%
Net Income	$-37,592	$-37,668	0.0%

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

N/A

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
ANGIE GOODLET	TREASURER	1.00	Officer Director	$0	$0	$0
JIM ESPERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA CARR	SECRETARY	1.00	Officer Director	$0	$0	$0
LEO DERRICO	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE MANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANIE YOUNG	PRESIDENT	1.00	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
2024	No data	No data	No data	No data
2023	$128,181	$165,773	$570,479	$-37,592
2022	$117,326	$154,994	$538,875	$-37,668
2021	$104,641	$148,487	$591,392	$-43,846
2020	$113,827	$148,235	$637,870	$-34,408
2019	$105,576	$155,788	$684,349	$-50,212
2018	$96,769	$155,750	$756,706	$-58,981

VELKOMMEN INC