Verity Now

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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

2021

Legal Domicile

Principal Officer

CATHERINE MCCULLOUGH

Phone

8662561047

Tax Period

2023-01-01 to 2023-12-31

Verity Now, founded in 2021, is a small nonprofit that reported $806K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $125K, a strong 15% operating margin.

Mission

Our mission is to educate about updated crash testing standards and practices that protect every body.

Program Service Accomplishments

Program 1

Expenses: $656,538

Continued issue advocacy campaign to educate the public and lawmakers about the importance of improved vehicle testing standards.

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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 $806,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $806,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $656,538

Other Expenses $681,634

TOTAL EXPENSES $681,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$806,500	$868,719	-0.1%
Expenses	$681,634	$818,655	-0.2%
Net Income	$124,866	$50,064	+1.5%

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

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
CATHERINE MCCULLOUGH	President	15.00	Officer Director	$0	$0	$0
RACHEL SAVEY	Treasurer	0.100	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
2023	$806,500	$681,634	$179,680	$124,866
2022	$868,719	$818,655	$54,814	$50,064
2022	$868,719	$818,655	$54,814	$50,064