BICYCLE INDUSTRY EMPLOYERS ASSOCIATION

EIN: 844103544 501(c)(3) Education

VIRGINIA BEACH, VA

Total Revenue
$30,378
Total Expenses
$39,253
Total Assets
$76,284
Net Assets
$76,284
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Principal Officer
DAVID OLSON
Phone
6129653400
Tax Period
2023-01-01 to 2023-12-31

BICYCLE INDUSTRY EMPLOYERS ASSOCIATION, founded in 2020, is a small nonprofit in the Education sector that reported $299K in total revenue in fiscal year 2021. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 29% operating margin.

Mission

CONNECTING THE NEEDS OF BICYCLE INDUSTRY EMPLOYERS WITH REGIONALLY ACCREDITED COLLEGES TO DEVELOP SMART, COST-EFFECTIVE PROGRAMS FOR BOTH SCHOOLS AND STUDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,378
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $30,378

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,273
Other Expenses $39,253
TOTAL EXPENSES $39,253

Year-over-Year Comparison

2023 2022 Change
Revenue $30,378 $258,016 -0.9%
Expenses $39,253 $331,633 -0.9%
Net Income $-8,875 $-73,617 -0.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISON TETRICK OUTREACH DIRECTOR 1.00
Director
$0 $0 $0
STACEY WILHELM REGIONAL DIRECTOR 1.00
Director
$0 $0 $0
RICKEY STRAWN REGIONAL DIRECTOR 1.00
Director
$0 $0 $0
NICKEL POTTER REGIONAL DIRECTOR 1.00
Director
$0 $0 $0
MATT ADAMS TECHNICAL DIRECTOR 1.00
Director
$0 $0 $0
DAVID OLSON CHAIR 10.00
Officer
$0 $0 $0
WAYNE SOUZA VICE CHAIR 1.00
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 No data No data No data No data
2023 $30,378 $39,253 $76,284 $-8,875
2022 $258,016 $331,633 $85,159 $-73,617
2021 $298,562 $212,895 $158,776 $85,667
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