ELEVENTS INC (EIN 465329665) - 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

2014

Legal Domicile

Principal Officer

KRYSTAL POWELL

Phone

8286973056

Tax Period

2024-01-01 to 2024-12-31

ELEVENTS INC, founded in 2014, is a small nonprofit in the Education sector that reported $235K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

ELEVENTS, INC. D/B/A FRIENDS OF DOWNTOWN EXISTS TO IDENTIFY, PRESERVE, AND ENHANCE THE KEY FACTORS THAT CONTRIBUTE TO THE AUTHENTIC SMALL TOWN URBAN CHARACTER OF HISTORIC DOWNTOWN HENDERSONVILLE, NORTH CAROLINA. ORGANIZATIONAL PROJECTS ARE IDENTIFIED, ASSESSED, AND PRIORITIZED BASED ON THEIR CONTRIBUTION TO AND POTENTIAL TO ENHANCE AND SUPPORT A VIBRANT ENTREPRENEURIAL ENVIRONMENT AND THE LIVABILITY OF DOWNTOWN. THE ORGANIZATION ACTIVELY PURSUES PROJECT IMPLEMENTATION, WHETHER BY INFRASTRUCTURE IMPROVEMENTS, SPECIAL EVENTS, ECONOMIC INCENTIVES, OR PLANNING INITIATIVES, UTILIZING THE MAIN STREET FOUR-POINT APPROACH, IN CONCERT WITH THE CITY OF HENDERSONVILLE, DOWNTOWN STAKEHOLDERS, AND THE LARGER 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 $98,855

Program Service Revenue $133,776

Investment Income $0

Other Revenue $1,979

TOTAL REVENUE $234,610

Expense Breakdown

Grants Paid $27,594

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,932

Other Expenses $209,975

TOTAL EXPENSES $237,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,610	$299,349	-0.2%
Expenses	$237,569	$300,253	-0.2%
Net Income	$-2,959	$-904	+2.3%

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

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE GUNTHER	CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW HICKMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KRYSTAL POWELL	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN CONNET	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELE SPARKS	BOARD MEMBER	1.00	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
2024	$234,610	$237,569	$119,875	$-2,959
2023	$299,349	$300,253	$123,079	$-904
2022	$278,398	$217,938	$123,713	$60,460
2021	$166,927	$160,661	$63,253	$6,266

ELEVENTS INC