Elevate Aurora Inc

EIN: 331860653 Community Improvement

Aurora, IL

Total Revenue
$342,174
Total Expenses
$1,512,506
Total Assets
$2,019,853
Net Assets
$2,019,853
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
IL
Tax Period
2025-01-01 to 2025-12-31

Elevate Aurora Inc, founded in 2024, is a small nonprofit in the Community Improvement sector that reported $342K in total revenue in fiscal year 2025. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 342% operating deficit.

Mission

To promote common business interests, growth, opportunity, and general economic welfare for businesses in Aurora, IL and the surrounding metropolitan area.

Program Service Accomplishments

Program 1
Expenses: $1,512,506

Promoting the economic interests of the City of Aurora business community and providing oversight and support to the Aurora Regional Chamber of Commerce.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $324,730
Program Service Revenue $0
Investment Income $17,444
Other Revenue $0
TOTAL REVENUE $342,174

Expense Breakdown

Grants Paid $1,326,614
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,512,506
Other Expenses $185,892
TOTAL EXPENSES $1,512,506

Year-over-Year Comparison

2025 2024 Change
Revenue $342,174 $3,206,485 -0.9%
Expenses $1,512,506 $16,300 +91.8%
Net Income $-1,170,332 $3,190,185 -1.4%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Wozniak Director 3.00
Director
$0 $0 $0
Brian Knetl Director 3.00
Director
$0 $0 $0
Nelson Santos Director 3.00
Director
$0 $0 $0
Grant Branch III Director 3.00
Director
$0 $0 $0
Greg Moore Director 3.00
Director
$0 $0 $0
Jessica Medrano Director 3.00
Director
$0 $0 $0
Susana Rivera-Mills Director 3.00
Director
$0 $0 $0
Matt Winkle Director 3.00
Director
$0 $0 $0
Rod Young Director 3.00
Director
$0 $0 $0
John Laesch Director 3.00
Director
$0 $0 $0
Harish Ananthapadmanabha Treasurer 10.00
Officer
$0 $0 $0
Don Pilmer Board Chair 10.00
Officer
$0 $0 $0
Colette Rozanski Co-Chair 10.00
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
2025 $342,174 $1,512,506 $2,019,853 $-1,170,332
2024 $3,206,485 $16,300 $3,206,485 $3,190,185
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