518 ELEVATED INC (EIN 141823014) - 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

PETER LEWIS GABAK

Phone

5189351045

Tax Period

2023-07-01 to 2024-06-30

518 ELEVATED INC, founded in 1996, is a small nonprofit in the Education sector that reported $454K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $513K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE SPECIALIZED PROGRAMS, MENTORING, PROFESSIONAL GUIDANCE, AND ACADEMIC AND FINANCIAL SUPPORT FOR QUALIFYING HIGH SCHOOL STUDENTS IN THE CAPITAL REGION. BY ASSEMBLING A NETWORK OF BUSINESS LEADERS, EDUCATIONAL ADVOCATES, AND DEDICATED VOLUNTEERS, PROMISING YOUTH ARE PROVIDED OPPORTUNITY AND ACCESS TO HIGHER EDUCATION THAT MAY BE OTHERWISE UNAVAILABLE.

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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 $358,064

Program Service Revenue $14,848

Investment Income $81,525

Other Revenue $0

TOTAL REVENUE $454,437

Expense Breakdown

Grants Paid $121,524

Salaries & Benefits $291,558

Fundraising Expenses $76,434

Program Expenses $368,157

Other Expenses $99,812

TOTAL EXPENSES $512,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,437	$264,882	+0.7%
Expenses	$512,894	$546,951	-0.1%
Net Income	$-58,457	$-282,069	-0.8%

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

Independent Members

Employees

Volunteers

120

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
PETER LEWIS GABAK	EXECUTIVE DI	40.00	Director	$0	$0	$0
LAURA MARX	EXECUTIVE DI	40.00		$64,858	$0	$64,858
JEFFREY A COHN	CHAIR	1.00	Officer Director	$0	$0	$0
TERRENCE KREMER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FAREEZA ISLAM HANIF	TREASURER	1.00	Officer Director	$0	$0	$0
ALEXANDRIA CARVER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRYESSE WELLS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL COLLINS-HACKET	DIRECTOR	1.00	Director	$0	$0	$0
JENYCE MOSES AONDONA	DIRECTOR	1.00	Director	$0	$0	$0
AMY GRABEK	DIRECTOR	1.00	Director	$0	$0	$0
DEAN SKARLIS	DIRECTOR	1.00	Director	$0	$0	$0
KAWEEDA G ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN OGDEN	DIRECTOR	1.00	Director	$0	$0	$0
KATE FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
AMY PAPANDREA	DIRECTOR	1.00	Director	$0	$0	$0
GREG BARCOMB	DIRECTOR	1.00	Director	$0	$0	$0
DAYONNA BOWLES	DIRECTOR	1.00	Director	$0	$0	$0
EMELIA CARLINO	DIRECTOR	1.00	Director	$0	$0	$0
ROSS GOODMAN ESQ	PROGRAM CHAI	1.00	Director	$0	$0	$0
JENNIFER MILLER	FUND DEV CHA	1.00	Director	$0	$0	$0
ERIC SCARINGE	FINANCE CHAI	1.00	Director	$0	$0	$0
STEPHEN QUICKENTON	MENTOR REP	1.00	Director	$0	$0	$0
KEVIN J BOTTINI CPA	EMERITUS DIR	1.00	Director	$0	$0	$0
F MICHAEL ZOVISTOSKI CPA CFP	EMERITUS DIR	1.00	Director	$0	$0	$0
GERALDINE GOLUB	EMERITUS DIR	1.00	Director	$0	$0	$0
KEVIN M REILLY	EMERITUS DIR	1.00	Director	$0	$0	$0
HON PATRICK MADDEN	ADVISORY DIR	1.00	Director	$0	$0	$0
HON GARY MCCARTHY	ADVISORY DIR	1.00	Director	$0	$0	$0
HON KATHY M SHEEHAN	ADVISORY DIR	1.00	Director	$0	$0	$0
RONALD G DUNN ESQ	ADVISORY DIR	1.00	Director	$0	$0	$0
JOHN HOCHREITER	ADVISORY DIR	1.00	Director	$0	$0	$0
RYAN MEIKLE	ADVISORY DIR	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
2025	No data	No data	No data	No data
2024	$454,437	$512,894	$1,986,292	$-58,457
2023	$264,882	$546,951	$1,897,555	$-282,069
2022	$619,941	$504,117	$1,904,262	$115,824
2021	$686,057	$468,993	$2,145,857	$217,064
2020	$766,983	$528,262	$1,926,128	$238,721
2019	$544,016	$604,159	$1,861,402	$-60,143

518 ELEVATED INC