ELYON COLLEGE (EIN 800820194) - 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

2012

Legal Domicile

Principal Officer

CHAIM A WALDMAN

Tax Period

2024-09-01 to 2025-08-31

ELYON COLLEGE, founded in 2012, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 138% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 8% surplus.

Mission

PROVIDE EDUCATION TO STUDENTS TO EARN DEGREES OF ASSOCIATES IN SCIENCE & ASSOCIATES IN APPLIED SCIENCE AND CERTIFICATES IN VARIOUS PROGRAMS.

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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 $18,000

Program Service Revenue $1,449,860

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,467,860

Expense Breakdown

Grants Paid $122,800

Salaries & Benefits $328,379

Fundraising Expenses $0

Program Expenses $1,035,912

Other Expenses $896,760

TOTAL EXPENSES $1,347,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,467,860	$616,236	+1.4%
Expenses	$1,347,939	$598,024	+1.3%
Net Income	$119,921	$18,212	+5.6%

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

N/A

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

$30,000

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAIM A WALDMAN	PRESIDENT	30.00	Officer Director	$30,000	$0	$30,000
ELI GARBER	TRUSTEE	0.50	Director	$0	$0	$0
MENACHEM HALBERSTAM	TRUSTEE	0.50	Director	$0	$0	$0
SEYMOUR LACHMAN	TRUSTEE	0.50	Director	$0	$0	$0
DAVID REICH	TRUSTEE	0.50	Director	$0	$0	$0
ESTELLE WEINER	TRUSTEE	0.50	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	$1,467,860	$1,347,939	$1,245,019	$119,921
2024	$616,236	$598,024	$1,091,527	$18,212
2023	$1,433,438	$1,248,328	$1,051,909	$185,110
2022	$1,294,707	$1,026,469	$861,985	$268,238
2021	$995,906	$908,670	$593,833	$87,236
2020	$664,877	$573,859	$548,305	$91,018
2019	$690,892	$612,000	$249,024	$78,892
2018	$458,667	$396,839	$161,356	$61,828

ELYON COLLEGE