Elementz (EIN 043698700) - 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

2003

Legal Domicile

Principal Officer

Damian Hoskins

Phone

5137215800

Tax Period

2024-01-01 to 2024-12-31

Elementz, founded in 2003, is a small nonprofit in the Crime & Legal sector that reported $368K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $476K exceeded revenue, resulting in a 29% operating deficit.

Mission

Elementz is Cincinnati's premier Hip Hop Cultural Art Center. Elementz exists to give a voice to the young people in the urban core of Cincinnati, to disrupt the status quo and to encourage positive change in the community through civic engagement.

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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 $268,621

Program Service Revenue $102,904

Investment Income $0

Other Revenue $-3,946

TOTAL REVENUE $367,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,200

Fundraising Expenses $31,516

Program Expenses $370,762

Other Expenses $144,229

TOTAL EXPENSES $475,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,579	$582,347	-0.4%
Expenses	$475,856	$539,243	-0.1%
Net Income	$-108,277	$43,104	-3.5%

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

$110,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Damian Hoskins	Executive Dir.	40.00	Officer	$108,846	$1,292	$110,138
Justin Brookhart	Trustee	1.00	Director	$0	$0	$0
Guy Westmoreland	Trustee	1.00	Director	$0	$0	$0
Dr John Owens	Treasurer	2.00	Officer Director	$0	$0	$0
Don Hancock	Trustee	1.00	Director	$0	$0	$0
Harold Howard	Trustee	1.00	Director	$0	$0	$0
Rene Seward	Trustee	1.00	Director	$0	$0	$0
Tiffany Cooper	Chairman	2.00	Officer Director	$0	$0	$0
Jeff Menzise	Trustee	1.00	Director	$0	$0	$0
Denise Steward	Secretary	2.00	Officer Director	$0	$0	$0
Sam Moore	Vice Chairman	2.00	Officer Director	$0	$0	$0
Jordan Glickson	Trustee	1.00	Director	$0	$0	$0
Kate Farinacci	Trustee	1.00	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	$367,579	$475,856	$585,396	$-108,277
2023	$582,347	$539,243	$673,258	$43,104
2022	$639,275	$573,844	$602,048	$65,431
2021	$715,923	$735,659	$547,221	$-19,736
2020	$626,351	$535,213	$570,377	$91,138
2019	$490,280	$465,416	$226,694	$24,864
2018	$510,556	$395,808	$200,353	$114,748

Elementz