Elea Institute

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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

1984

Legal Domicile

Principal Officer

CANDYCE MAYER

Phone

2246613958

Tax Period

2023-01-01 to 2023-12-31

Elea Institute, founded in 1984, is a community nonprofit in the Human Services sector that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 48% operating margin.

Mission

Elea Institute leads national efforts to expand access to high-quality hospice and palliative care. We support patients, caregivers, and health care providers through research, educational resources, grants, and other wide-ranging activities

Program Service Accomplishments

Program 1

Expenses: $1,338,069

Elea Institute remains committed to our heritage and predecessor organizations' original missions: ensuring all persons have access to high quality hospice and palliative care. To date, Elea...

Elea Institute remains committed to our heritage and predecessor organizations' original missions: ensuring all persons have access to high quality hospice and palliative care. To date, Elea Institute has awarded numerous grants and projects that support enhanced access for communities, broaden hospice and palliative services, and provide crucial educational resources, which touch the lives of patients and caregivers.

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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 $0

Program Service Revenue $0

Investment Income $3,950,948

Other Revenue $-10,513

TOTAL REVENUE $3,940,435

Expense Breakdown

Grants Paid $622,730

Salaries & Benefits $354,729

Fundraising Expenses $0

Program Expenses $1,338,069

Other Expenses $1,087,652

TOTAL EXPENSES $2,065,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,940,435	$80,549,075	-1.0%
Expenses	$2,065,111	$4,635,081	-0.6%
Net Income	$1,875,324	$75,913,994	-1.0%

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

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

$257,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDYCE MAYER	President & CEO	40.0	Officer	$257,500	$0	$257,500
KENT MATHY	CHAIR/PRESIDENT	3.0	Officer Director	$0	$0	$0
MEAD MONTGOMERY	TREASURER	2.0	Officer Director	$0	$0	$0
JULIA CORMIER	SECRETARY	2.0	Officer Director	$0	$0	$0
JEFF BOUNDY	BOARD	2.0	Director	$0	$0	$0
KELLY CONROY KENNEY	BOARD	2.0	Director	$0	$0	$0
DAVID HANOLD	BOARD (termed 5/10/23)	1.0	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	No data	No data	No data	No data
2023	$3,940,435	$2,065,111	$125,854,199	$1,875,324
2023	$3,940,435	$2,065,111	$125,854,199	$1,875,324
2023	$3,940,435	$2,065,111	$125,854,199	$1,875,324
2022	$80,549,075	$4,635,081	$132,107,047	$75,913,994
2021	$69,461,099	$62,567,974	$93,764,887	$6,893,125
2020	$71,910,052	$70,373,218	$97,968,377	$1,536,834
2019	$63,084,808	$101,187,971	$77,226,487	$-38,103,163
2018	$95,942,782	$93,202,408	$63,271,166	$2,740,374