VELVET ASHES INCORPORATED

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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

2016

Legal Domicile

Principal Officer

KIM NEASE

Phone

6102833148

Tax Period

2024-01-01 to 2024-12-31

VELVET ASHES INCORPORATED, founded in 2016, is a small nonprofit in the Religion sector that reported $211K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 16% operating margin.

Mission

ONLINE COMMUNITY OF WOMEN SERVING OVERSEAS.

Program Service Accomplishments

Program 1

Expenses: $136,090 Revenue: $115,658

EACH SPRING WE PRODUCE A TOTALLY ONLINE RETREAT TO ALLOW WOMEN A CHANCE TO BE ENCOURAGED AND RENEWED NO MATTER THEIR LOCATION OR SITUATION. WOMEN TOOK PART IN OUR RETREATS FROM OVER 100 DIFFERENT...

EACH SPRING WE PRODUCE A TOTALLY ONLINE RETREAT TO ALLOW WOMEN A CHANCE TO BE ENCOURAGED AND RENEWED NO MATTER THEIR LOCATION OR SITUATION. WOMEN TOOK PART IN OUR RETREATS FROM OVER 100 DIFFERENT COUNTRIES.EACH FALL AND SPRING WE INVITE WOMEN FROM ALL OVER THE WORLD TO JOIN CONNECTION GROUPS. IN THESE GROUPS WOMEN CAN CONNECT WITH OTHER WOMEN AS THEY ARE LED BY A MENTOR THROUGH TOPICS RELEVANT TO CROSS CULTURAL LIFE. OUR CONNECTION GROUPS TOTAL OVER 300 WOMEN REPRESENTING OVER 50 COUNTRIES. EACH YEAR WE INVITE WOMEN TO JOIN OUR TEAM OF WRITERS FROM ALL OVER THE WORLD BY SUBMITTING THEIR OWN WRITING TO BE PUBLISHED IN OUR WEEKLY TOPICAL BLOGS POSTS. WE PUBLISHED OVER 300 BLOG POSTS BY MULTIPLES WRITERS REPRESENTING OVER 20 COUNTRIES.

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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 $95,046

Program Service Revenue $108,274

Investment Income $0

Other Revenue $7,384

TOTAL REVENUE $210,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,206

Fundraising Expenses $7,055

Program Expenses $136,090

Other Expenses $47,456

TOTAL EXPENSES $177,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,704	$167,097	+0.3%
Expenses	$177,662	$203,169	-0.1%
Net Income	$33,042	$-36,072	-1.9%

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

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

$55,327

Total Directors