Evolveky
Nonprofit profile at a glance
- EIN
- 811661390
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Louisville, KY, USA
- Phone
- 5025485011
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Environmental Quality, Protection, and Beautification N.E.C.
Reported finances
- Revenue
- $8,410
- Expenses
- $8,848
- Assets
- $37,548
- Liabilities
- $833
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- MICHAEL MENOR (BOARD MEMBER)
- ELLEN S WADE (BOARD MEMBER)
- WRENSLEY GILL (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To inform the public of the benefits of electric vehicles and encourage the growth of evs in the community
What it reported doing in 2024
Evolveky participated in 8 educational outreach events and. 6 ride and drive events in Kentucky, Indiana and Indiana.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 8
- Transparency & Controls: 100
- Sustainability: 50
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 11.9%; rating input score 12
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -5.2%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 4.24; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -41% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 11.6% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 11.9% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 12/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.