ELEVEN EAST CORP

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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

2005

Legal Domicile

Principal Officer

GREGORY SMITH

Phone

5124691705

Tax Period

2023-01-01 to 2023-12-31

ELEVEN EAST CORP, founded in 2005, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

HOLD TITLE TO REAL ESTATE, COLLECT RENT AND OTHER INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO AUSTIN REVITALIZATION AUTHORITY, A TAX EXEMPT ENTITY, WHOSE MISSION IS TO PROVIDE COMPREHENSIVE REVITALIZATION OF DESIGNATED AREAS IN EAST AUSTIN, TEXAS.

Program Service Accomplishments

Program 1

THE ORGANIZATION'S ACTIVITIES IS LIMITED SOLELY TO ACQUIRING, OWNING, DEVELOPING, RENTING, OPERATING AND HOLDING THE PROPERTY LEGALLY DESCRIBED AS LOT 15, BLOCK 1, OF 1000 BLOCK OF EAST 11TH STREET...

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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 $0

Program Service Revenue $2,154,854

Investment Income $18,424

Other Revenue $0

TOTAL REVENUE $2,173,278

Expense Breakdown

Grants Paid $890,475

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,515,987

TOTAL EXPENSES $2,406,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,173,278	$2,088,074	+0.0%
Expenses	$2,406,462	$2,627,396	-0.1%
Net Income	$-233,184	$-539,322	-0.6%

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

N/A

Volunteers

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

$237,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIS HUNT	CHAIR	1.00	Officer Director	$0	$0	$0
LINDA VON QUINTUS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
VERA GIVENS	SECRETARY	1.00	Officer Director	$0	$0	$0
LAVON MARSHALL	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIS ADAMS	TREASURER	1.00	Officer Director	$0	$0	$0
STUART KING	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
ERIC STANDRIDGE	PARLIAMENTARIAN	1.00	Officer Director	$0	$0	$0
QUINCY DUNLAP	ASSISTANT PARLIAMENTARIAN	1.00	Officer Director	$0	$0	$0
GREGORY L SMITH	PRESIDENT & CEO	2.00	Officer	$0	$27,099	$237,236

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	No data	No data	No data	No data
2023	$2,173,278	$2,406,462	$7,602,490	$-233,184
2022	$2,088,074	$2,627,396	$8,127,054	$-539,322
2021	$2,117,949	$2,167,317	$9,056,884	$-49,368
2020	$1,973,510	$1,553,457	$9,301,984	$420,053
2019	$2,042,231	$1,760,933	$9,276,053	$281,298
2018	$1,956,157	$1,855,039	$9,416,068	$101,118