ELEVATE CHARITIES (EIN 263458040) - 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

2008

Legal Domicile

Principal Officer

TYLER DOUGLAS

Phone

9494879500

Tax Period

2024-01-01 to 2024-12-31

ELEVATE CHARITIES, founded in 2008, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $5.2M left a modest 9% surplus.

Mission

ELEVATE CHARITIES IS A NON-PROFIT ORGANIZATION ENGAGED IN A (CONTINUED ON SCHEDULE O) MISSION TO ENHANCE THE QUALITY OF LIFE FOR SENIORS, CARETAKERS, AND SUPPORT IN OUR COMMUNITIES THROUGH CARING SERVICE, FULFILLING ESSENTIAL NEEDS, AND PROVIDING EDUCATION TO CAREGIVERS.

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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 $4,412,336

Program Service Revenue $0

Investment Income $1,299,141

Other Revenue $-49,562

TOTAL REVENUE $5,661,915

Expense Breakdown

Grants Paid $4,967,984

Salaries & Benefits $154,391

Fundraising Expenses $0

Program Expenses $4,967,984

Other Expenses $41,991

TOTAL EXPENSES $5,164,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,661,915	$24,019,813	-0.8%
Expenses	$5,164,366	$3,491,212	+0.5%
Net Income	$497,549	$20,528,601	-1.0%

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

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

$133,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER DOUGLAS	PRESIDENT	5.00	Officer Director	$0	$0	$0
MIKE WILLIAMS	TREASURER (THRU 01/24)	1.00	Officer Director	$0	$0	$0
MIKE FLOOD	TREASURER (AS OF 02/24)	1.00	Officer Director	$0	$0	$0
STEVE BORGQUEST	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CORY MONETTE	DIRECTOR	1.00	Director	$0	$0	$0
CARISSA PEREZ-PODESTA	DIRECTOR	1.00	Director	$0	$0	$0
TINA RICKETTS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIELLE DE HERAS	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer	$119,202	$13,836	$133,038

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	$5,661,915	$5,164,366	$22,513,541	$497,549
2023	$24,019,813	$3,491,212	$22,008,397	$20,528,601
2022	$2,978,824	$2,828,695	$1,471,336	$150,129
2021	$2,972,054	$2,160,570	$1,138,494	$811,484
2020	$1,945,409	$1,898,045	$515,351	$47,364
2019	$1,666,008	$1,677,492	$503,044	$-11,484

ELEVATE CHARITIES