VELVET ASHES INCORPORATED (EIN 811298929) - 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

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

PROVIDING SPACES FOR WOMEN SERVING CROSS-CULTURALLY TO CONNECT DEEPLY WITH GOD AND ONE ANOTHER. THIS HAPPENS PRIMARILY THROUGH ONLINE RETREATS ACCESSED BY HUNDREDS OF WOMEN EACH YEAR, AND MOST IMPACTFULLY THROUGH OUR ANNUAL IN-PERSON RETREAT IN ITALY, WHICH FOSTERS REST, RENEWAL, AND COMMUNITY FOR WOMEN FROM AROUND THE WORLD.

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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

$55,327

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE BECK	EXECUTIVE DIRECTOR	41.00	Officer Director	$55,327	$0	$55,327
CAROL SCHEUERMAN	PRESIDENT	0.50	Officer Director	$0	$0	$0
BAYTA SCHWARZ	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KIM NEASE	TREASURER	3.00	Officer Director	$0	$0	$0
JENNY ERLINGSSON	SECRETARY	0.50	Officer Director	$0	$0	$0
LAURA CHEVALIER BEER	BOARD MEMBER	0.50	Director	$0	$0	$0
SANDI BRADFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
D'ARCY MAHER	BOARD MEMBER	0.50	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	$210,704	$177,662	$115,961	$33,042

VELVET ASHES INCORPORATED