Elite Program Inc

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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

2002

Legal Domicile

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

To provide horsemen an opportunity for professional & personal growth by increasing their understanding of the horse with which they work and enhancing their professional skills.

Program Service Accomplishments

Program 1

Expenses: $49,449 Revenue: $317,627

Applicants are given training which includes safety procedures. Trainees advance to certification as racetrack grooms.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
FRANK PETRAMALO JR	President	Officer	$0	$0	$0
WENDY DAVIS	Vice President	Officer	$0	$0	$0
LIANE HART	SecretaryTreasurer	Officer	$0	$0	$0
C REID MCLELLAN JR	Executive Director	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