VELOZ (EIN 820908936) - 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

2017

Legal Domicile

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 NONPARTISAN NONPROFIT ORGANIZATION THAT MAKES ELECTRIC VEHICLES FOR ALL A REALITY THROUGH ITS PROGRAMS TO INCREASE PUBLIC EDUCATION OF EV BENEFITS.

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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 $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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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

$168,326

Total Directors

Key Employees

Highest Compensated

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

VELOZ