VEGAS VELOCITY INC

EIN: 813727165 501(c)(3)

LAS VEGAS, NV

Total Revenue
$233,612
Total Expenses
$201,017
Total Assets
$143,388
Net Assets
$143,388
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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
NV
Principal Officer
KYLE KRAUSS
Phone
7022711347
Tax Period
2021-01-01 to 2021-12-31

VEGAS VELOCITY INC, founded in 2016, is a small nonprofit that reported $234K in total revenue in fiscal year 2021. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $201K left a modest 14% surplus.

Mission

TO FOSTER LOCAL, REGIONAL, AND NATIONAL AMATEUR COMPETITION IN THE SPORT OF VOLLEYBALL.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $233,612
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,612

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,000
Fundraising Expenses $0
Program Expenses $201,017
Other Expenses $139,017
TOTAL EXPENSES $201,017

Year-over-Year Comparison

2021 2020 Change
Revenue $233,612 $177,551 +0.3%
Expenses $201,017 $221,710 -0.1%
Net Income $32,595 $-44,159 -1.7%
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

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Governance

Voting Members
3
Independent Members
1
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
2
$62,000
Total Directors
3
$62,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE KRAUSS PRESIDENT, DIRECTOR 30.00
Officer Director
$44,000 $0 $44,000
MEGAN STEWART DIRECTOR, SECRETARY, TREAS 15.00
Officer Director
$18,000 $0 $18,000
MICHAEL KRAUSS DIRECTOR 1.00
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
2021 $233,612 $201,017 $143,388 $32,595
2020 $177,551 $221,710 $110,794 $-44,159
2019 $270,712 $257,227 $154,953 $13,485
2018 $197,662 $184,977 $141,468 $12,685
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