Elevate Ventures Inc (EIN 274118692) - 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

Phone

3172520258

Tax Period

2023-01-01 to 2023-12-31

Elevate Ventures Inc, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $10.0M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $11.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

Elevate Ventures is a venture development and venture capital organization focused on building sustainable innovation and entrepreneurship ecosystems in regions throughout Indiana, and fostering and developing high-potential, high-growth businesses for investment and returns for our stakeholders. We invest in high-potential cross-sector innovative companies with a minimum $500M TAM at the pre-seed, seed, and early stages.

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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 $1,382,264

Program Service Revenue $8,338,251

Investment Income $235,897

Other Revenue $4,339

TOTAL REVENUE $9,960,751

Expense Breakdown

Grants Paid $1,705,970

Salaries & Benefits $5,123,440

Fundraising Expenses $112,667

Program Expenses $8,246,569

Other Expenses $4,791,674

TOTAL EXPENSES $11,621,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,960,751	$6,491,355	+0.5%
Expenses	$11,621,084	$7,979,642	+0.5%
Net Income	$-1,660,333	$-1,488,287	+0.1%

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

$965,992

Total Directors

$691,422

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chief Executive Officer	8.0	Officer Director	$368,135	$26,529	$394,664
N/A	General Counsel, Chief Compliance Officer, and Secretary	40.0	Officer Director	$285,267	$11,491	$296,758
N/A	Board Chair	1.0	Officer Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Chief Financial Officer (Through November 2023)	40.0	Officer	$241,995	$32,575	$274,570
N/A	Entrepreneur -In-Residence	40.0	Highest	$180,615	$28,530	$209,145
N/A	Chief Operating Officer	40.0	Highest	$248,509	$30,827	$279,336
N/A	Partner	40.0	Highest	$241,413	$37,453	$278,866
N/A	Entrepreneur-in-Residence	40.0	Highest	$222,925	$7,467	$230,392
N/A	Managing Partner	8.0	Highest	$254,388	$40,293	$294,681

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	$9,960,751	$11,621,084	$11,990,431	$-1,660,333
2022	$6,491,355	$7,979,642	$13,172,198	$-1,488,287
2021	$6,541,390	$6,847,993	$13,635,821	$-306,603
2020	$5,850,844	$5,194,095	$11,029,847	$656,749
2019	$5,326,795	$4,269,500	$9,852,173	$1,057,295
2018	$4,636,197	$4,220,363	$8,772,845	$415,834

Elevate Ventures Inc