VELOCITY NETWORK FOUNDATION (EIN 842596283) - 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

2019

Legal Domicile

Principal Officer

DROR GUREVICH

Phone

6197576719

Tax Period

2024-01-01 to 2024-12-31

VELOCITY NETWORK FOUNDATION, founded in 2019, is a small nonprofit that reported $524K in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 186% operating deficit.

Mission

THE ORGANIZATION PARTNERS WITH GOVERNMENT (E.G STATE OF ARKANSAS), NON-PROFITS (E.G. AACRAO, US CHAMBER OF COMMERCE FOUNDATION) AND FOR PROFIT COMPANIES (E.G. RANDSTAD) TO ADVANCE THE ADOPTION OF VERIFIABLE DIGITAL CREDENTIALS IN THE GLOBAL LABOR MARKET.

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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 $297,607

Program Service Revenue $226,569

Investment Income $0

Other Revenue $0

TOTAL REVENUE $524,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,000

Fundraising Expenses $0

Program Expenses $1,246,921

Other Expenses $1,479,260

TOTAL EXPENSES $1,497,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$524,176	$-575,508	-1.9%
Expenses	$1,497,260	$53,886	+26.8%
Net Income	$-973,084	$-629,394	+0.5%

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

N/A

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

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM OWENS	PRESIDENT	5.00	Officer Director	$0	$0	$0
OLIVIA MELONAS	SECRETARY/TREASURER	8.00	Officer Director	$18,000	$0	$18,000
DROR GUREVICH	CEO AND DIRECTOR	35.00	Officer Director	$0	$0	$0
ETAN BERNSTEIN	HEAD OF ECOSYSTEM	35.00	Officer Director	$0	$0	$0
JEAN-MARC LAOUCHEZ	DIRECTOR	2.00	Director	$0	$0	$0
GLEN CATHEY	DIRECTOR	2.00	Director	$0	$0	$0
ZACH DAIGLE	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE AINSWORTH	DIRECTOR	2.00	Director	$0	$0	$0
SIDDHARTHA BHATTACHARYA	DIRECTOR	2.00	Director	$0	$0	$0
DEB EVERHART	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS GOODSON	DIRECTOR	2.00	Director	$0	$0	$0
BILL HUGHES	DIRECTOR	2.00	Director	$0	$0	$0
MARC JANSEN	DIRECTOR	2.00	Director	$0	$0	$0
MANOJ KUTTY	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MCGOUGH	DIRECTOR	2.00	Director	$0	$0	$0
GIANNA PFFIFFNER	DIRECTOR	2.00	Director	$0	$0	$0
MARTY REED	DIRECTOR	2.00	Director	$0	$0	$0
MEAGAN TREADWAY	DIRECTOR	2.00	Director	$0	$0	$0
HENRY MACK	DIRECTOR	2.00	Director	$0	$0	$0
SANJOE JOSE	DIRECTOR	2.00	Director	$0	$0	$0
JOUKO VAN AGGELEN	DIRECTOR	2.00	Director	$0	$0	$0
HERMINE WONG	DIRECTOR	2.00	Director	$0	$0	$0
ANDRES OLAVE	HEAD OF PRODUCT AND TECH	40.00	Officer	$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
2024	$524,176	$1,497,260	$203,092	$-973,084

VELOCITY NETWORK FOUNDATION