Elite Program Inc

EIN: 020613297 501(c)(3) Education

Ruston, LA

Total Revenue
$317,627
Total Expenses
$66,267
Total Assets
$288,393
Net Assets
$287,607
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
LA
Principal Officer
Reid McLellan
Phone
8593214377
Tax Period
2024-01-01 to 2024-12-31

Elite Program Inc, founded in 2002, is a small nonprofit in the Education sector that reported $318K in total revenue in fiscal year 2024. Revenue surged 411% from the prior year, signaling strong growth momentum. The organization ran a surplus of $251K, a strong 79% operating margin.

Mission

Provide horsemen an opportunity for professional personal growth by increasing understanding of the horse with which they work

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $260,000
Program Service Revenue $56,000
Investment Income $1,627
Other Revenue $0
TOTAL REVENUE $317,627

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $3,879
Program Expenses $49,449
Other Expenses $66,267
TOTAL EXPENSES $66,267

Year-over-Year Comparison

2024 2023 Change
Revenue $317,627 $62,200 +4.1%
Expenses $66,267 $51,174 +0.3%
Net Income $251,360 $11,026 +21.8%
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK PETRAMALO JR President 0.00
Officer
$0 $0 $0
WENDY DAVIS Vice President 0.00
Officer
$0 $0 $0
LIANE HART SecretaryTreasurer 0.00
Officer
$0 $0 $0
C REID MCLELLAN JR Executive Director 0.00
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
2024 $317,627 $66,267 $288,393 $251,360
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