ELEVAR FOUNDATION INC (EIN 473853344) - 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

2015

Legal Domicile

Principal Officer

JILL ARBETTER

Phone

5619097261

Tax Period

2023-01-01 to 2023-12-31

ELEVAR FOUNDATION INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $365K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO PROVIDE EDUCATIONAL PROGRAMS THAT FOCUS ON THE TRANSFORMATION OF LIVES THROUGH MUSIC WITH A FOCUS.

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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 $219,597

Program Service Revenue $0

Investment Income $164

Other Revenue $3,436

TOTAL REVENUE $223,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,156

Fundraising Expenses $0

Program Expenses $320,623

Other Expenses $304,713

TOTAL EXPENSES $364,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,197	$259,297	-0.1%
Expenses	$364,869	$123,284	+2.0%
Net Income	$-141,672	$136,013	-2.0%

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

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

$47,670

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL ARBETTER	EXECUTIVE DIRECTOR	40.00	Director	$47,670	$0	$47,670
ELMAR OLIVEIRA	PRESIDENT	20.00	Officer Director	$0	$0	$0
SANDRA ROBBINS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
DANIEL PROBST	TREASURER	10.00	Officer Director	$0	$0	$0
DR JON ROBERTSON	SECRETARY	5.00	Officer Director	$0	$0	$0
JONATHAN SOLARS	DIRECTOR	5.00	Director	$0	$0	$0
CRAIG PRICE	DIRECTOR	5.00	Director	$0	$0	$0
ROBERTA RUST	DIRECTOR	5.00	Director	$0	$0	$0
ANDRES CARDENES	DIRECTOR	5.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$223,197	$364,869	$10,789	$-141,672
2022	$259,297	$123,284	$151,831	$136,013
2021	$57,163	$85,317	$15,823	$-28,154
2020	$282,436	$319,306	$44,418	$-36,870

ELEVAR FOUNDATION INC