ELEVATE TAMPA BAY INC (EIN 352775231) - 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

2022

Legal Domicile

Principal Officer

JARAUX WASHINGTON

Phone

8134434913

Tax Period

2024-07-01 to 2025-06-30

ELEVATE TAMPA BAY INC, founded in 2022, is a small nonprofit in the Youth Development sector that reported $877K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $811K left a modest 8% surplus.

Mission

BUILDING LONG-TERM, LIFE-CHANGING RELATIONSHIPS WITH URBAN YOUTH, EQUIPPING THEM TO THRIVE AND CONTRIBUTE TO THEIR COMMUNITY.

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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 $869,599

Program Service Revenue $0

Investment Income $13,335

Other Revenue $-6,041

TOTAL REVENUE $876,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $552,291

Fundraising Expenses $73,937

Program Expenses $602,465

Other Expenses $258,278

TOTAL EXPENSES $810,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$876,893	$583,474	+0.5%
Expenses	$810,569	$557,413	+0.5%
Net Income	$66,324	$26,061	+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

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

$104,144

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARAUX WASHINGTON	EXECUTIVE DIRECTOR	40.00	Officer	$104,144	$0	$104,144
GUY F BRYANT	CO-CHAIRMAN	10.00	Officer Director	$0	$0	$0
DEAN G TANELLA	CO-CHAIRMAN	10.00	Officer Director	$0	$0	$0
H JORDAN KING	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
HELEN BARROTT	BOARD MEMBER	10.00	Director	$0	$0	$0
STEPHEN M BENJAMIN	BOARD MEMBER	10.00	Director	$0	$0	$0
SHAWN BORGESON	BOARD MEMBER	10.00	Director	$0	$0	$0
DAVID K OCHOTORENA	BOARD MEMBER	10.00	Director	$0	$0	$0
ANDRIA L OWEN	BOARD MEMBER	10.00	Director	$0	$0	$0
RON WILLIAMS	BOARD MEMBER	10.00	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
2025	$876,893	$810,569	$548,532	$66,324
2024	$583,474	$557,413	$461,772	$26,061
2023	$489,175	$115,988	$383,570	$373,187

ELEVATE TAMPA BAY INC