Elevate Energy (EIN 364443093) - 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

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

We work to ensure equal access to clean and affordable heat, power, and water for everyone.

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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

$297,247

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Evens	CEO & President	50.00	Officer Director	$267,014	$30,233	$297,247
John Cleveland	Chair	5.00	Officer Director	$0	$0	$0
David Shryock	Treasurer & Vice Chair	2.00	Officer Director	$0	$0	$0
Robert Weissbourd	Director	2.00	Director	$0	$0	$0
Chinwe Onyeagoro	Director	1.00	Director	$0	$0	$0
Denise Fairchild	Director	1.00	Director	$0	$0	$0
Edgar Ramirez	Director	1.00	Director	$0	$0	$0
Jennifer Tescher	Director	1.00	Director	$0	$0	$0
Kimberly Lewis	Director	1.00	Director	$0	$0	$0
Leah Turnbull	Director	1.00	Director	$0	$0	$0
Margaret O'Dell	Director	1.00	Director	$0	$0	$0
Scott Bernstein	Director	1.00	Director	$0	$0	$0
Sharonda Williams-Tack	Director - (1/23 - 3/23)	1.00	Director	$0	$0	$0
Susan Estes	Director	1.00	Director	$0	$0	$0
Lindy Loyet	Chief Financial Officer	40.00	Highest	$212,500	$16,194	$228,694
Rebecca Turner Buckland	Chief People Officer	40.00	Highest	$209,413	$16,453	$225,866
Abigail Corso	Chief Strategy Officer	40.00	Highest	$205,350	$24,250	$229,600
Antonia Ornelas	Chief Program Officer	40.00	Highest	$203,830	$24,280	$228,110
Delmar Gillus	Chief Operating Officer	40.00	Highest	$199,744	$29,253	$228,997

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	$50,880,463	$46,548,460	$42,389,474	$4,332,003
2022	$40,435,759	$33,010,602	$34,326,769	$7,425,157
2021	$38,178,610	$35,178,448	$26,024,460	$3,000,162
2020	$28,275,330	$26,894,182	$19,511,651	$1,381,148
2019	$31,215,942	$29,008,555	$16,081,418	$2,207,387
2018	$24,828,806	$24,148,098	$14,289,966	$680,708

Elevate Energy