VELOCIPEDE BIKE PROJECT 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

2006

Legal Domicile

Principal Officer

Alex Ajayi

Phone

4102445585

Tax Period

2024-07-01 to 2025-06-30

VELOCIPEDE BIKE PROJECT Inc, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $110K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $33K, a strong 30% operating margin.

Mission

See page 1, Part I, line 1.

Program Service Accomplishments

Program 1

Expenses: $34,212 Revenue: $95,271

Velocipede Bike Project, Inc. (VBPI) conducts one program, Community Bike Shop. For the program's Open Shop, patrons, for a small fee, maintain and repair their bicycles with assistance from...

Velocipede Bike Project, Inc. (VBPI) conducts one program, Community Bike Shop. For the program's Open Shop, patrons, for a small fee, maintain and repair their bicycles with assistance from volunteer mechanics. They can use our professional tools, and purchase new consumables and donated parts at low prices. During FY2024, VBPI served 816 patrons (not duplicated) in Open Shop sessions. In the shop, volunteers overhaul and safety-check donated bicycles for sale. Over 120 in-kind donations of bicycles, components and accessories were received in the shop, and VBPI received 313 donated bicycles, successfully diverting many from the waste stream. Volunteers repaired and sold 51 donated bicycles. VBPI volunteers teach classes in bicycle maintenance and repair; 48 people took classes. Through our Bike Aid activity, added last FY, we refurbished and donated five bicycles to people with limited means.

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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 $14,593

Program Service Revenue $93,993

Investment Income $499

Other Revenue $779

TOTAL REVENUE $109,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,212

Other Expenses $77,179

TOTAL EXPENSES $77,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,864	$93,475	+0.2%
Expenses	$77,179	$66,160	+0.2%
Net Income	$32,685	$27,315	+0.2%

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

N/A

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 Ajayi	president	10	Officer Director	$0	$0	$0
Jonathon Poliszuk	secretary	12.00	Officer Director	$0	$0	$0
Samuel Helmey	treasurer	10	Officer Director	$0	$0	$0
Lars Peterson	quartermaster	8.00	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
2025	$109,864	$77,179	$190,393	$32,685
2024	$93,475	$66,160	$155,154	$27,315
2023	$79,205	$57,990	$130,164	$21,215
2022	$83,911	$35,275	$110,434	$48,636
2021	$31,744	$29,213	$59,505	$2,531
2020	$22,348	$26,944	$57,418	$-4,596