VELA EDUCATION FUND

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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

2020

Legal Domicile

Phone

5042507715

Tax Period

2024-01-01 to 2024-12-31

VELA EDUCATION FUND, founded in 2020, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $18.9M in total revenue in fiscal year 2024. The organization ran a surplus of $7.5M, a strong 40% operating margin.

Mission

THE VELA EDUCATION FUND EXISTS TO ACCELERATE EDUCATION INNOVATION AND OPPORTUNITY FOR EVERY LEARNER BY: SUPPORTING EVERYDAY ENTREPRENEURS BUILDING CUSTOM EDUCATION PROGRAMS TO MEET FAMILIES LEARNERS' NEEDS, INCREASING AWARENESS OF NONTRADITIONAL EDUCATION, AND ACCELERATING ADOPTION BY MORE FAMILIES AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $10,127,054 Revenue: $52,395

VELA EDUCATION FUND MADE 500 GRANTS TO SUPPORT THE CREATION OR EXPANSION OF COMMUNITY-BASED NONTRADITIONAL LEARNING MODELS. VELA FACILITATED COMMUNITY-BUILDING, KNOWLEDGE-SHARING, AND...

VELA EDUCATION FUND MADE 500 GRANTS TO SUPPORT THE CREATION OR EXPANSION OF COMMUNITY-BASED NONTRADITIONAL LEARNING MODELS. VELA FACILITATED COMMUNITY-BUILDING, KNOWLEDGE-SHARING, AND RESOURCE-SHARING AMONGST ITS COMMUNITY OF ENTREPRENEURS AND INCREASED AWARENESS OF NONTRADITIONAL EDUCATION THROUGH STORYTELLING, RESEARCH, AND COMMUNITY EVENTS.

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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 $18,171,446

Program Service Revenue $52,395

Investment Income $716,828

Other Revenue $0

TOTAL REVENUE $18,940,669

Expense Breakdown

Grants Paid $6,162,250

Salaries & Benefits $1,566,730

Fundraising Expenses $335,749

Program Expenses $10,127,054

Other Expenses $3,721,220

TOTAL EXPENSES $11,450,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,940,669	$18,518,008	+0.0%
Expenses	$11,450,200	$13,589,002	-0.2%
Net Income	$7,490,469	$4,929,006	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH OLSON	BOARD MEMBER/EXEC DIRECTOR	1.0	Officer Director	$0	$0	$0
CALEB OFFLEY	BOARD MEMBER (Outgoing)	1.0	Director	$0	$0	$0
DEREK JOHNSON	BOARD MEMBER	1.0	Director	$0	$0	$0
EDWARD HUI	BOARD MEMBER (Outgoing)	1.0	Director	$0	$0	$0
TODD ROSE	BOARD MEMBER	1.0	Director	$0	$0	$0
Henrich Heuer	TREASURER	1.0	Officer	$0	$0	$0
Weston Edwards	SECRETARY	1.0	Officer	$0	$0	$0
Ashley Ho	Director of Product Strategy	50.0	Highest	$139,388	$18,392	$157,780
ELIZABETH SELING	CHIEF OF OPERATIONS	50.0	Highest	$367,017	$39,762	$406,779
LAUREN GREVEL	DIRECTOR OF PROGRAMS	50.0	Highest	$170,600	$22,506	$193,106
LINDSAY KELLY	DIRECTOR-BRAND AND COMMUNICATIONS	50.0	Highest	$206,040	$21,388	$227,428
SHAINA BELTON	DIRECTOR OF COMMUNITY	50.0	Highest	$112,997	$19,066	$132,063

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	$18,940,669	$11,450,200	$21,403,298	$7,490,469
2023	$18,518,008	$13,589,002	$13,520,815	$4,929,006
2022	$16,079,595	$14,996,723	$8,295,380	$1,082,872
2021	$13,247,569	$9,974,271	$4,855,969	$3,273,298
2020	$4,570,982	$3,418,383	$1,305,580	$1,152,599