Elevate Energy

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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

2001

Legal Domicile

Principal Officer

Anne Evens

Phone

7732694037

Tax Period

2023-01-01 to 2023-12-31

Elevate Energy, founded in 2001, is a mid-sized nonprofit in the Environment sector that reported $50.9M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $46.5M left a modest 9% surplus.

Mission

Elevate promotes equity through climate action. Elevate designs and implements programs that reduce costs, protect people and the environment, and ensure the benefits of clean and efficient energy use reach those who need them most.

Program Service Accomplishments

Program 1

Expenses: $37,804,976 Revenue: $12,171,866

Elevate Energy provides economic, environmental and climate justice benefits to households, building owners, communities and governments through energy and water efficiency improvements. It...

Elevate Energy provides economic, environmental and climate justice benefits to households, building owners, communities and governments through energy and water efficiency improvements. It administers residential hourly electricity pricing programs, delivers energy and water efficiency retrofits in residential and nonprofit buildings, and provides energy planning and data analysis services. Consumers gain access to education and programs that help them manage energy costs and make housing costs more affordable. Elevate Energy programs create jobs, save energy, reduce emissions and improve the economy. We provide equity through climate action.

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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 $38,010,505

Program Service Revenue $12,134,190

Investment Income $698,092

Other Revenue $37,676

TOTAL REVENUE $50,880,463

Expense Breakdown

Grants Paid $5,675,540

Salaries & Benefits $24,383,566

Fundraising Expenses $932,750

Program Expenses $37,804,976

Other Expenses $16,489,354

TOTAL EXPENSES $46,548,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,880,463	$40,435,759	+0.3%
Expenses	$46,548,460	$33,010,602	+0.4%
Net Income	$4,332,003	$7,425,157	-0.4%

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

Governance

Voting Members

Independent Members

Employees

259

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

$297,247

Total Directors