VEHICLES FOR CHANGE SAN DIEGO INC (EIN 921280609) - 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

2022

Legal Domicile

Principal Officer

IVAN CORONA

Phone

8583813437

Tax Period

2024-01-01 to 2024-12-31

VEHICLES FOR CHANGE SAN DIEGO INC, founded in 2022, is a small nonprofit in the Education sector that reported $729K in total revenue in fiscal year 2024. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 26% operating margin.

Mission

VEHICLES FOR CHANGE SAN DIEGO TRAINS THOSE FORMERLY INCARCERATED TO BECOME AUTOMOTIVE TECHNINIAN IN SAN DIEGO AREA AND EMPOWERS FAMILIES WITH FINANCIAL CHALLENGES TO ACHIEVE ECONOMIC AND PERSONAL INDEPENDENCE THROUGH CAR OWNERSHIP.

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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 $728,863

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $728,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,703

Fundraising Expenses $0

Program Expenses $512,511

Other Expenses $341,483

TOTAL EXPENSES $538,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$728,863	$310,145	+1.4%
Expenses	$538,186	$196,070	+1.7%
Net Income	$190,677	$114,075	+0.7%

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

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVAN CORONA	Executive Dir.	40.00	Director	$90,000	$0	$90,000
WAYNE MEYER	President	1.00	Officer Director	$0	$0	$0
RACHAEL HOLLOWAY	Secretary	1.00	Director	$0	$0	$0
MALCOLM BUND	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
SHANE PARKES	Treasurer	1.00	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	$728,863	$538,186	$310,582	$190,677
2023	$310,145	$196,070	$120,557	$114,075

VEHICLES FOR CHANGE SAN DIEGO INC