ELSAS ARK INC (EIN 113468549) - 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

1996

Legal Domicile

Principal Officer

HELEN MECAGNI

Tax Period

2023-09-01 to 2024-08-31

ELSAS ARK INC, founded in 1996, is a micro nonprofit in the Animal-Related sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $107K exceeded revenue, resulting in a 35% operating deficit.

Mission

PROMOTE THE WELFARE OF DOMESTIC AND FARM ANIMALS, INCLUDING FOOD, SHELTER, SPRAY/NEUTER AND ADOPTION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $45,929

Program Service Revenue $0

Investment Income $32,812

Other Revenue $735

TOTAL REVENUE $79,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,433

Fundraising Expenses $0

Program Expenses $92,124

Other Expenses $80,572

TOTAL EXPENSES $107,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,476	$226,517	-0.6%
Expenses	$107,005	$86,171	+0.2%
Net Income	$-27,529	$140,346	-1.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN MECAGNI	President	20.00	Officer Director	$0	$0	$0
ROBERTA DINKES	Secretary	10.00	Officer Director	$0	$0	$0
GEORGIA J HINDE	Treasurer	10.00	Officer Director	$0	$0	$0
LINDA LAGNESE	Director	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	$79,476	$107,005	$1,846,230	$-27,529
2023	$226,517	$86,171	$1,008,846	$140,346
2022	$20,188	$45,947	$127,034	$-25,759
2021	$233,687	$64,505	$149,259	$169,182

ELSAS ARK INC