Elevate 215 (EIN 273097212) - 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

2010

Legal Domicile

Principal Officer

Stacy Holland

Phone

4847858111

Tax Period

2024-01-01 to 2024-06-30

Elevate 215, founded in 2010, is a small nonprofit in the Education sector that reported $927K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 207% operating deficit.

Mission

Elevate 215 is developing a collaborative and research-based vision for education to advance learning outcomes for Philadelphia students over the next decade.

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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 $696,035

Program Service Revenue $55,500

Investment Income $175,061

Other Revenue $0

TOTAL REVENUE $926,596

Expense Breakdown

Grants Paid $1,374,424

Salaries & Benefits $937,395

Fundraising Expenses $123,487

Program Expenses $2,030,881

Other Expenses $531,454

TOTAL EXPENSES $2,843,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$926,596	$4,476,161	-0.8%
Expenses	$2,843,273	$6,886,326	-0.6%
Net Income	$-1,916,677	$-2,410,165	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Benjamin Persofsky	BOARD CHAIR	3.0	Officer Director	$0	$0	$0
Zakiyyah Boone	SECRETARY	3.0	Officer Director	$0	$0	$0
WILLIAM MARX JR	TREASURER	3.0	Officer Director	$0	$0	$0
H Art Taylor	Board Member	3.0	Director	$0	$0	$0
Dr Sean Vereen	BOARD MEMBER	3.0	Director	$0	$0	$0
DR MICHELLE CARRERA MORALES	BOARD MEMBER	3.0	Director	$0	$0	$0
JESSICA CUNNINGHAM AKOTO	BOARD MEMBER	3.0	Director	$0	$0	$0
Richard B Worley	BOARD MEMBER	3.0	Director	$0	$0	$0
JENNIFER RICE	BOARD MEMBER	3.0	Director	$0	$0	$0
ANDY NEWCOMB	BOARD MEMBER (EFF. 02/27/2024)	3.0	Director	$0	$0	$0
KATE HOUSTOUN	BOARD MEMBER (EFF. 02/27/2024)	3.0	Director	$0	$0	$0
DR AMELIA COLEMAN BROWN	BOARD MEMBER	3.0	Director	$0	$0	$0
Evelyn W McNiff	BOARD MEMBER	3.0	Director	$0	$0	$0
COLIN KELTON	BOARD MEMBER	3.0	Director	$0	$0	$0
STACY E HOLLAND	EXECUTIVE DIRECTOR	40.0	Officer	$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	$926,596	$2,843,273	$8,223,310	$-1,916,677
2023	$4,476,161	$6,886,326	$9,936,653	$-2,410,165
2022	$9,811,422	$7,134,707	$13,796,068	$2,676,715
2021	$10,518,985	$8,959,663	$9,991,857	$1,559,322
2020	$15,459,691	$10,883,409	$8,965,776	$4,576,282
2019	$8,643,304	$8,700,021	$4,497,626	$-56,717
2018	$7,818,336	$10,464,667	$4,739,383	$-2,646,331

Elevate 215