WEST CHESTER, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VELODROME DEVELOPMENT FOUNDATION, founded in 2017, is a micro nonprofit in the Youth Development sector that reported $86K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $99K exceeded revenue, resulting in a 16% operating deficit.
THE VELODROME DEVELOPMENT FOUNDATION WAS CREATED TO GROW AND HELP SUSTAIN THE SPORT OF CYCLING IN THE UNITED STATES. THE FOUNDATION HELPED CONCEIVE THE NATIONAL SPORTS AND EVENTS CENTER, A NEW PROJECT FOR THE COMMONWEALTH OF PENNSYLVANIA. THIS WORLD-CLASS FACILITY, THE FIRST OF ITS KIND IN THE U.S., WILL INCLUDE THE NATIONAL VELODROME, A STATE-OF-THE-ART INDOOR VELODROME, ALONG WITH CUSTOM DESIGNED SPACES TO HOST OTHER MAJOR ATHLETIC AND ENTERTAINMENT EVENTS. THE CENTER'S COMMUNITY OUTREACH PROGRAMS WILL PROVIDE DYNAMIC AND CREATIVE OUTLETS FOR YOUNG PEOPLE TO BE INTRODUCED TO CYCLING. THE FOUNDATION'S CORE MISSION IN ITS SUPPORT OF THIS CENTER IS TO TEACH LIFE LESSONS THROUGH SPORTS AND TEAM BUILDING AND TO INSPIRE TODAY'S YOUTH TO INCORPORATE POSITIVE HABITS OF FITNESS AND HEALTH IN THEIR LIVES. ACTIVE PARTNERSHIPS WILL BE ESTABLISHED WITH REGIONAL STATE ORGANIZATIONS TO GROW AND ENHANCE THE EXPERIENCE FOR ALL AND TO SERVE AS A TEMPLATE FOR OTHER FACILITIES AROUND THE COUNTRY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $85,835 | $62,500 | +0.4% |
| Expenses | $99,344 | $69,906 | +0.4% |
| Net Income | $-13,509 | $-7,406 | +0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STEPHEN WHISNANT | PRESIDENT/CH | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREG LEMOND | HONORARY CHA | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVE CHAUNER | VICE PRESIDE | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| FREDERICK MAYER | SECRETARY/TR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE HERNANDEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CROSBY WOOD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL DINDA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN DUTT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON DANNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN CARITHERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $85,835 | $99,344 | $2,135 | $-13,509 |
| 2022 | $62,500 | $69,906 | $15,644 | $-7,406 |
| 2021 | $152,570 | $135,979 | $23,050 | $16,591 |
Compare VELODROME DEVELOPMENT FOUNDATION with other nonprofits in Pennsylvania and across the country.