ELEVATE HOPE INC D/B/A RED EYE (EIN 273778816) - 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

JUSTIN MAYO

Phone

3104985451

Tax Period

2024-01-01 to 2024-12-31

ELEVATE HOPE INC D/B/A RED EYE, founded in 2010, is a community nonprofit in the Human Services sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 23% operating margin.

Mission

CONNECT CULTURE CREATORS & LEADERS TO LOCAL COMMUNITIES TO PROVIDE RESOURCES RANGING FROM... ...SPORTS LEAGUES, AFTER SCHOOL TUTORING, STEM MEDIA LAB, CULINARY ARTS KITCHEN, PERFORMING ARTS STUDIO, MUSIC, ACTING, FASHION DESIGN, ETIQUETTE COURSES, RESUME BUILDING WORKSHOPS, ANTI-BULLYING CLASSES, MENTAL HEALTH/STRESS MANAGEMENT, AND BEYOND.

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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 $9,818,688

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,818,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,114

Fundraising Expenses $43,418

Program Expenses $6,816,237

Other Expenses $7,270,507

TOTAL EXPENSES $7,606,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,818,688	$6,769,692	+0.5%
Expenses	$7,606,621	$6,623,960	+0.1%
Net Income	$2,212,067	$145,732	+14.2%

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

Volunteers

3800

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

$111,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD WEHBA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIDGET GLESS KELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN MAYO	EXECUTIVE DIRECTOR	50.00	Officer	$111,000	$0	$111,000
RICK RUSHTON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JEANNE MAYO	SECRETARY	5.00	Officer	$0	$0	$0
DAN KANG	TREASURER	1.00	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
2024	No data	No data	No data	No data
2024	$9,818,688	$7,606,621	$3,210,754	$2,212,067
2024	$9,818,688	$7,606,621	$3,210,754	$2,212,067
2023	$6,769,692	$6,623,960	$880,192	$145,732
2022	$5,167,630	$5,212,808	$735,058	$-45,178
2022	$4,587,630	$4,682,310	$685,555	$-94,680
2021	$1,993,213	$1,811,965	$779,955	$181,248
2021	$1,993,213	$1,811,965	$779,955	$181,248
2020	$1,174,426	$966,079	$598,416	$208,347
2019	$613,215	$654,479	$389,898	$-41,264
2018	$526,033	$271,250	$431,162	$254,783

ELEVATE HOPE INC D/B/A RED EYE