ELEVATED THOUGHT INC (EIN 273519031) - 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

MARQUIS VICTOR

Phone

9784207920

Tax Period

2023-01-01 to 2023-12-31

ELEVATED THOUGHT INC, founded in 2010, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 68% operating deficit.

Mission

ART & SOCIAL JUSTICE ORGANIZATION USING ART TO EMPOWER YOUTH, LAUNCH BEAUTIFICATION PROJECTS, YOUTH ORGANIZING AND PUBLIC OUTREACH

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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 $1,251,671

Program Service Revenue $126,536

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,378,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,432,398

Fundraising Expenses $3,064

Program Expenses $1,494,722

Other Expenses $880,687

TOTAL EXPENSES $2,313,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,378,207	$3,235,330	-0.6%
Expenses	$2,313,085	$1,517,332	+0.5%
Net Income	$-934,878	$1,717,998	-1.5%

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARQUIS VICTOR	EXECUTIVE DI	40.00	Officer	$125,000	$0	$125,000
ALLISON ARGUETA	DIRECTOR	2.00	Director	$0	$0	$0
CORINA CORNEJO	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA FOX	TREASURER	2.00	Officer Director	$0	$0	$0
GLADYS MARTINEZ	CLERK	2.00	Director	$0	$0	$0
FRANCELLIS QUINONES	DIRECTOR	2.00	Director	$0	$0	$0
KIARA ROJAS	DIRECTOR	2.00	Officer Director	$0	$0	$0
EDDIE ROSA	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$1,378,207	$2,313,085	$5,213,399	$-934,878
2022	$3,235,330	$1,517,332	$3,243,932	$1,717,998
2021	$1,012,461	$739,542	$1,075,802	$272,919
2020	$616,599	$325,130	$374,082	$291,469
2019	$385,412	$411,013	$49,940	$-25,601

ELEVATED THOUGHT INC