VELVA BULLS (EIN 853391570) - 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

2020

Legal Domicile

Principal Officer

CHAD BARSTAD

Phone

7017207789

Tax Period

2024-01-01 to 2024-12-31

VELVA BULLS, founded in 2020, is a small nonprofit in the Youth Development sector that reported $105K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $54K, a strong 51% operating margin.

Mission

YOUTH WRESTLING CLUB WITH THE GOAL TO GIVE EVERY ATHLETE THE TOOLS THEY NEED TO BECOME A BETTER WRESTLER, STUDENT AND CITIZEN.

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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 $104,642

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $104,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,445

Other Expenses $50,968

TOTAL EXPENSES $50,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,642	$382,565	-0.7%
Expenses	$50,968	$60,112	-0.2%
Net Income	$53,674	$322,453	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD BARSTAD	PRESIDENT	1.00	Director	$0	$0	$0
JAMES ANDERSON	SECRETARY	1.00	Director	$0	$0	$0
ALEX SCHMALTZ	TREASURER	1.00	Director	$0	$0	$0
KAYLA LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA KLEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG FINNESETH	BOARD MEMBER	1.00	Director	$0	$0	$0
BROCK NAGEL	BOARD MEMBER	1.00	Director	$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	$104,642	$50,968	$399,989	$53,674
2023	$382,565	$60,112	$346,315	$322,453

VELVA BULLS