Elpis Enterprises

EIN: 562318910 501(c)(3) Human Services

St Paul, MN

Total Revenue
$656,939
Total Expenses
$735,067
Total Assets
$226,622
Net Assets
$177,188
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MN
Principal Officer
Paul Ramsour
Phone
6516445080
Tax Period
2023-01-01 to 2023-12-31

Elpis Enterprises, founded in 2002, is a small nonprofit in the Human Services sector that reported $657K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $735K exceeded revenue, resulting in a 12% operating deficit.

Mission

Fostering youth employment and career pathway building through social enterprise.

Program Service Accomplishments

Program 1
Expenses: $624,950 Revenue: $203,810

In 2023, we worked with 35 trainees. Of the 35 trainees, we worked with: 32 trainees in one or more of our social enterprises5 trainees opted for an Earn and Learn (advanced) internship.Of trainees...

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In 2023, we worked with 35 trainees. Of the 35 trainees, we worked with: 32 trainees in one or more of our social enterprises5 trainees opted for an Earn and Learn (advanced) internship.Of trainees completing our social enterprise based training component:80% or more demonstrated improvement and/or proficiency in at least 10 of 12 employment readiness (soft) skills (e.g. accountability, responding to supervision)100% rated our program as "Excellent" (65%) or "Very Good" (35%). Of the trainees who completed our social enterprise based training, 90% achieved meaningful outcomes (immediate post-Elpis employment and/or continued their education relevant to career-related goals). Excluding a graduate with a health issue after completing our program, the percentage would be 100%.Of trainees who completed their Earn and Learn placement, 100% are earning above minimum wage. Since 2022, Earn and Learn trainees earned 23% to 55% above minimum wage in their initial post-Elpis position.Among trainees completing our program, 96% rated our program as "Excellent" (64% or "Very Good"(32%), with 85% stating they would recommend our program to others. Hands on Hope: Elpis's community engagement platform is our Hands on Hope component. It connects trainees and graduates to local businesses and their leaders to learn about career paths and post-Elpis opportunities. In 2023, 27 local businesses participated in our Hands on Hope events (e.g. quarterly networking events, presented at our weekly "trainee professional development seminar"), with some businesses participating more than once.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $452,129
Program Service Revenue $0
Investment Income $1,000
Other Revenue $203,810
TOTAL REVENUE $656,939

Expense Breakdown

Grants Paid $1,595
Salaries & Benefits $561,247
Fundraising Expenses $14,744
Program Expenses $624,950
Other Expenses $167,125
TOTAL EXPENSES $735,067

Year-over-Year Comparison

2023 2022 Change
Revenue $656,939 $482,362 +0.4%
Expenses $735,067 $591,206 +0.2%
Net Income $-78,128 $-108,844 -0.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
33
Volunteers
50

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
4
$74,716
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tim Dyrhaug Chairman 1.00
Officer Director
$0 $0 $0
Hannah Hugen Treasurer 1.00
Officer Director
$0 $0 $0
Nicola Nici Giusti Secreatary 1.00
Officer Director
$0 $0 $0
Aneesha Kelly Director 1.00
Director
$0 $0 $0
Marney Thomas Director 1.00
Director
$0 $0 $0
Robert Torgerson Director 1.00
Director
$0 $0 $0
Nikeya Sargent Director 1.00
Director
$0 $0 $0
Johnathan Johnson Director 1.00
Director
$0 $0 $0
Tony Zirnhelt Director 1.00
Director
$0 $0 $0
Paul Ramsour Executive Director 40.00
Officer
$74,716 $0 $74,716
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 $656,939 $735,067 $226,622 $-78,128
2022 $482,362 $591,206 $287,555 $-108,844
2021 $664,269 $536,655 $399,230 $127,614
2020 $610,272 $485,398 $267,486 $124,874
2019 $399,631 $443,919 $174,267 $-44,288
2018 $464,103 $422,663 $199,736 $41,440
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