FIRE VELO (EIN 900596238) - 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

2011

Legal Domicile

Principal Officer

JAMES BERKLITE

Phone

8054444659

Tax Period

2024-01-01 to 2024-12-31

FIRE VELO, founded in 2011, is a micro nonprofit in the Diseases & Disorders sector that reported $9K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 111% operating deficit.

Mission

VARIOUS BIKE RIDES TO FUNDRAISE TO BENEFIT CANCER RESEARCH

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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 $9,250

Program Service Revenue $0

Investment Income $81

Other Revenue $0

TOTAL REVENUE $9,331

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $8,221

Program Expenses $10,149

Other Expenses $9,675

TOTAL EXPENSES $19,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,331	$30,808	-0.7%
Expenses	$19,675	$27,308	-0.3%
Net Income	$-10,344	$3,500	-4.0%

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
JAMES	BERKLITE	20.00	Officer Director	$0	$0	$0
DAVID	BUCHANAN	20.00	Officer Director	$0	$0	$0
STEVE	WINTER	20.00	Officer Director	$0	$0	$0
MARV	WILLIAMS	20.00	Officer 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	$9,331	$19,675	$21,902	$-10,344
2023	$30,808	$27,308	$32,246	$3,500
2022	$55,835	$102,623	$53,752	$-46,788
2021	$217,389	$170,422	$100,540	$46,967

FIRE VELO