ELEVATE EARLY EDUCATION INC (EIN 300759825) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

LISA J HOWARD

Phone

7572220134

Tax Period

2023-10-01 to 2024-09-30

ELEVATE EARLY EDUCATION INC, founded in 2012, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2017. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $458K, a strong 22% operating margin.

Mission

SINCE 2005, WE HAVE BEEN WORKING TO IMPROVE EQUITABLE ACCESS TO QUALITY FOR ALL CHILDREN IN THE REGION OF SOUTH HAMPTON ROADS AND VIRGINIA. 40% OF VIRGINIA'S KINDERGARTNERS ARE NOT READY ACADEMICALLY AND SOCIALLY. TOO MANY CHILDREN ARE STRUGGLING IN LITERACY, MATH, SOCIAL SKILLS AND SELF-REGULATION.OUR VISION IS THAT ALL CHILDREN DESERVE THE OPPORTUNITY TO ACCESS A HIGH-QUALITY CONTINUUM OF LEARNING. THEY WILL LEARN, GROW AND THRIVE TO THEIR FULLEST POTENTIAL REGARDLESS OF THEIR ZIP CODES OR NEIGHBORHOODS. OUR MISSION IS TO RAISE AWARENESS, ADVOCATE AND CREATE INNOVATIVE INITIATIVES TO GIVE CHILDREN EQUITABLE ACCESS TO A HIGH-QUALITY EDUCATION FOR THE FIRST EIGHT YEARS OF THEIR LIVES.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $836,799

Program Service Revenue $1,615,202

Investment Income $41,553

Other Revenue $451

TOTAL REVENUE $2,494,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,500,514

Fundraising Expenses $28,556

Program Expenses $2,230,817

Other Expenses $1,127,158

TOTAL EXPENSES $2,627,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,494,005	$2,376,736	+0.0%
Expenses	$2,627,672	$2,389,453	+0.1%
Net Income	$-133,667	$-12,717	+9.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$230,802

Total Directors

$230,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA J HOWARD	PRESIDENT & CEO	40.00	Officer Director	$217,510	$13,292	$230,802
DR JENNIFER GENTRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE BATTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT CLARKE	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA MAJOR	CHAIR	1.00	Officer Director	$0	$0	$0
ANITA POSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA NOVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TAG GREASON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HOWARD KERN	BOARD MEMBER	1.00	Director	$0	$0	$0
G GIL MINOR III	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR BOB PIANTA	BOARD MEMBER	1.00	Director	$0	$0	$0
CALLY ROBERTSON EVERETT	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSAY BERRY WINTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAYME SWAIM	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA GILLIAM STERLING	BOARD MEMBER	1.00	Director	$0	$0	$0
DR HARRY THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DEVAN MALONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MAREN MACCONNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN HIGHTON	BOARD MEMBER	1.00	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	$2,494,005	$2,627,672	$6,197,876	$-133,667
2023	$2,376,736	$2,389,453	$6,218,805	$-12,717
2022	$2,135,490	$2,207,646	$6,211,821	$-72,156
2021	$2,907,056	$2,217,487	$6,304,504	$689,569
2020	$2,152,445	$2,052,314	$5,629,699	$100,131
2019	$1,838,470	$1,864,940	$5,479,200	$-26,470
2018	$2,089,181	$1,631,313	$5,547,191	$457,868

ELEVATE EARLY EDUCATION INC