VELOZ

EIN: 820908936 501(c)(3) Environment

SACRAMENTO, CA

Total Revenue
$5,900,658
Total Expenses
$5,391,955
Total Assets
$10,787,528
Net Assets
$4,258,090
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
JOSH D BOONE
Phone
9167528510
Tax Period
2024-07-01 to 2025-06-30

VELOZ, founded in 2017, is a community nonprofit in the Environment sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 166% from the prior year, signaling strong growth momentum. Expenses of $5.4M left a modest 9% surplus.

Mission

VELOZ IS A UNIQUE PUBLIC-PRIVATE NONPROFIT DRIVING TOWARD 100% ZERO-EMISSION VEHICLES THROUGH STRATEGIC COMMUNICATIONS, UNPRECEDENTED COLLABORATIONS AND PURPOSEFUL CONVENING.

Program Service Accomplishments

Program 1
Expenses: $4,878,446 Revenue: $1,507,500

FOR THIS FISCAL YEAR, VELOZ PERFORMED FUNDRAISING AND STRATEGIC PLANNING TO PREPARE FOR THE LAUNCH AND IMPLEMENTATION OUR NEXT (NATIONAL) PUBLIC ELECTRIC VEHICLE EDUCATION PROGRAM CALLED ELECTRIC FOR...

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FOR THIS FISCAL YEAR, VELOZ PERFORMED FUNDRAISING AND STRATEGIC PLANNING TO PREPARE FOR THE LAUNCH AND IMPLEMENTATION OUR NEXT (NATIONAL) PUBLIC ELECTRIC VEHICLE EDUCATION PROGRAM CALLED ELECTRIC FOR ALL 'THE WAY FORWARD IS ELECTRIC'. THIS CAMPAIGNED WAS DEVELOPED AT THE INTERSECTION OF HOLLYWOOD-STYLE ENTERTAINMENT AND BEST-IN-CLASS INFORMATION TO RAISE AWARENESS, PROVIDE FACTS AND PROVIDE DIRECT ACCESS TO COMPLIMENTARY TOOLS THAT WILL HELP THE PUBLIC MAKE THEIR NEXT EV PURCHASE AN EASY ONE. THE 2025-2026 THE WAY FORWARD IS ELECTRIC CAMPAIGN FOLLOWED IN THE FOOTSTEPS OF PAST CAMPAIGNS, WITH A COMMITMENT TO REACHING ALL COMMUNITIES, A RENEWED FOCUS ON CONSUMER EDUCATION AND CREATIVE CONCEPTS DEVELOPED BASED ON YEARS OF CONSUMER RESEARCH. LAUNCHING A CAMPAIGN OF THIS MAGNITUDE TAKES SIGNIFICANT BEHIND-THE-SCENES WORK. THIS INCLUDED DEVELOPING THE CAMPAIGN CREATIVE AND MEDIA STRATEGY, MANAGING MULTIPLE AGENCIES, REPORTING, WORKING WITH OUR CREATIVE AGENCY TO EXECUTE THE CAMPAIGN, UPGRADED VELOZ.ORG AND ELECTRICFORALL.ORG TO PREPARE FOR INCREASED USE, HIRED A RESEARCH PARTNER TO HELP US TRACK THE CAMPAIGN'S IMPACT, SECURED IN-KIND ASSETS FOR PRODUCTION, WORKING TO IDENTIFY A TOP-TIER MEDIA COMPANY TO ENSURE OUR DIGITALLY FOCUSED CREATIVE ASSETS ARE PLACED ON THE APPROPRIATE PAID MEDIA CHANNELS, DATA IS RECORDED, CAMPAIGN IS OPTIMIZED OVER TIME AND THAT VELOZ OBTAINS THE MOST IMPACT AS POSSIBLE. THE CAMPAIGN RUNS JULY 2025 - JUNE 2026 ON A NATIONAL SCALE.

Program 2

VELOZ'S PUBLIC SUMMIT SERIES MEETINGS: THEY ARE A GATHERING POINT FOR ELECTRIC CAR STAKEHOLDERS AND VELOZ MEMBERS. VELOZ SUMMIT ATTENDEES INCLUDE REPRESENTATIONS FROM CALIFORNIA UTILITIES...

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VELOZ'S PUBLIC SUMMIT SERIES MEETINGS: THEY ARE A GATHERING POINT FOR ELECTRIC CAR STAKEHOLDERS AND VELOZ MEMBERS. VELOZ SUMMIT ATTENDEES INCLUDE REPRESENTATIONS FROM CALIFORNIA UTILITIES, TRANSPORTATION NETWORK COMPANIES, CHARGING INFRASTRUCTURE, AUTOMAKERS, VENTURE CAPITAL INVESTORS, NONPROFITS, GOVERNMENT, START-UPS, NEWS MEDIA, INTERNATIONAL EXPERTS AND MANY MORE. VELOZ HELD SUMMITS IN JULY 2024, OCTOBER 2024, DECEMBER 2024, FEBRUARY 2025 AND MARCH 2025. THE GOAL IS TO ADDRESS EV BARRIERS AND IDENTIFY SOLUTIONS TO ADVANCE THE ELECTRIC FOR ALL EV MOVEMENT. A TYPICAL VELOZ SUMMIT HAS 250 ATTENDEES.

Program 3

VELOZ DIGITAL DIALOGUES/WEBINARS: VELOZ WEBINARS WERE STANDOUTS IN THE CROWDED ONLINE ENGAGEMENT CATEGORY. BETWEEN JULY 2024 - JUNE 2025, VELOZ HELD 3 WEBINARS THAT TYPICALLY HAVE 150-200 ATTENDEES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,283,703
Program Service Revenue $1,507,500
Investment Income $109,455
Other Revenue $0
TOTAL REVENUE $5,900,658

Expense Breakdown

Grants Paid $0
Salaries & Benefits $993,826
Fundraising Expenses $207,714
Program Expenses $4,878,446
Other Expenses $4,398,129
TOTAL EXPENSES $5,391,955

Year-over-Year Comparison

2024 2023 Change
Revenue $5,900,658 $2,214,381 +1.7%
Expenses $5,391,955 $1,770,835 +2.0%
Net Income $508,703 $443,546 +0.1%
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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Governance

Voting Members
18
Independent Members
18
Employees
8
Volunteers
18

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
5
$168,326
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLINE CHOI CHAIR - DIRECTOR 1.00
Officer Director
$0 $0 $0
ANAND GOPAL VICE CHAIR - DIRECTOR 1.00
Officer Director
$0 $0 $0
ARNIE SOWELL TREASURER - DIRECTOR 1.00
Officer Director
$0 $0 $0
SARA RAFALSON SECRETARY - DIRECTOR 1.00
Officer Director
$0 $0 $0
ADAM GROMIS DIRECTOR 1.00
Director
$0 $0 $0
DAVID STRICKLAND DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
TERRY TRAVIS DIRECTOR 1.00
Director
$0 $0 $0
MARY NICHOLS DIRECTOR 1.00
Director
$0 $0 $0
LINDA WHITE DIRECTOR 1.00
Director
$0 $0 $0
SAM ARONS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BAROSSA DIRECTOR 1.00
Director
$0 $0 $0
MIGUEL ROMERO DIRECTOR 1.00
Director
$0 $0 $0
SPENCER REEDER DIRECTOR 1.00
Director
$0 $0 $0
MIKE DELANEY DIRECTOR 1.00
Director
$0 $0 $0
JESSE LEVINSON DIRECTOR 1.00
Director
$0 $0 $0
DIANNE MARTINEZ DIRECTOR 1.00
Director
$0 $0 $0
HOWARD CHANG DIRECTOR 1.00
Director
$0 $0 $0
JOSH D BOONE PRESIDENT/EXECUTIVE DIRECTOR 40.00
Officer
$154,700 $13,626 $168,326
JENNIFER NEWMAN SENIOR COMMUNICATIONS ADVISOR 40.00
Highest
$111,419 $7,064 $118,483
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 $5,900,658 $5,391,955 $10,787,528 $508,703
2024 $2,214,381 $1,770,835 $4,255,401 $443,546
2023 $4,230,811 $4,394,902 $3,540,530 $-164,091
2022 $3,963,157 $2,386,557 $3,838,005 $1,576,600
2021 $3,060,074 $3,400,207 $3,511,641 $-340,133
2020 $2,142,760 $882,589 $2,722,537 $1,260,171
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