VELA INSTITUTE INC (EIN 822827429) - 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

JENNIFER WILSON-KEARSE

Phone

8287197116

Tax Period

2023-01-01 to 2023-12-31

VELA INSTITUTE INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE EDUCATION BY FINDING EFFECTIVE SOLUTIONS, MAKING THESE SOLUTIONS READILY AVAILABLE TO IMPACT PRACTICE AND POLICY AND PROMOTING A CULTURE OF EVIDENCE-BASED DECISION MAKING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,166,640

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,166,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $903,797

Fundraising Expenses $9,187

Program Expenses $1,191,639

Other Expenses $336,500

TOTAL EXPENSES $1,240,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,166,640	$978,998	+0.2%
Expenses	$1,240,297	$959,742	+0.3%
Net Income	$-73,657	$19,256	-4.8%

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

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

$126,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BRIAN GRIEPENTROP	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JONI PETSCHAUER	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANNE GRIGGS	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER WILSON-KEARSE	EXECUTIVE DIRECTOR	40.00	Officer	$126,482	$0	$126,482
TODD NOLT	DIRECTOR OF EVALUATION AND ANALYTICS	40.00	Highest	$144,375	$0	$144,375
ALEJANDRO SERRANO	DIRECTOR OF PLATFORM DEVELOPMENT	40.00	Highest	$129,883	$0	$129,883

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	No data	No data	No data	No data
2023	$1,166,640	$1,240,297	$55,026	$-73,657
2022	$978,998	$959,742	$131,247	$19,256
2021	$736,351	$672,143	$124,491	$64,208
2020	$408,751	$571,301	$47,783	$-162,550
2019	$464,211	$392,954	$60,433	$71,257

VELA INSTITUTE INC