ELEVATE NEW ENGLAND INC

EIN: 812111126 501(c)(3) Youth Development

LOWELL, MA

Total Revenue
$2,151,693
Total Expenses
$2,114,725
Total Assets
$1,418,912
Net Assets
$1,246,826
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MA
Principal Officer
RHEA GORDON
Phone
9784586064
Tax Period
2024-07-01 to 2025-06-30

ELEVATE NEW ENGLAND INC, founded in 2016, is a community nonprofit in the Youth Development sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

BUILD LONG TERM, LIFE CHANGING RELATIONSHIPS WITH URBAN YOUTH, EQUIPPING THEM FOR A PLAN FOR THE FUTURE TO THRIVE AND CONTRIBUTE TO THEIR 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,060,309
Program Service Revenue $56,822
Investment Income $34,562
Other Revenue $0
TOTAL REVENUE $2,151,693

Expense Breakdown

Grants Paid $13,705
Salaries & Benefits $1,600,894
Fundraising Expenses $289,593
Program Expenses $1,591,624
Other Expenses $452,126
TOTAL EXPENSES $2,114,725

Year-over-Year Comparison

2024 2023 Change
Revenue $2,151,693 $1,903,338 +0.1%
Expenses $2,114,725 $1,937,076 +0.1%
Net Income $36,968 $-33,738 -2.1%
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
7
Employees
28
Volunteers
15

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
6
$266,869
Total Directors
9
$266,869
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES POCOCK CEO/DIRECTOR 40.00
Officer Director
$126,250 $9 $126,259
RHEA GORDON EXECUTIVE DIRECTOR/ASSISTANT SECRETARY/DIRECTO 55.00
Officer Director
$125,098 $15,512 $140,610
JIM WESTRA CHAIR/DIRECTOR 1.00
Officer Director
$0 $0 $0
ED FARUOLO VICE CHAIR/DIRECTOR 1.00
Officer Director
$0 $0 $0
CHRISTOPHER O'CONNELL TREASURER/DIRECTOR 1.00
Officer Director
$0 $0 $0
WEN SAILER SECRETARY/DIRECTOR 1.00
Officer Director
$0 $0 $0
THOMAS COLATOSTI DIRECTOR 1.00
Director
$0 $0 $0
REBECCA GYRA DIRECTOR 1.00
Director
$0 $0 $0
MELANIE MACFARLANE DIRECTOR 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
2025 $2,151,693 $2,114,725 $1,418,912 $36,968
2024 $1,903,338 $1,937,076 $1,353,756 $-33,738
2023 $1,504,850 $1,314,134 $1,338,189 $190,716
2022 $1,466,124 $1,056,031 $1,117,577 $410,093
2021 $900,356 $752,318 $676,463 $148,038
2020 $818,003 $737,569 $545,073 $80,434
2019 $679,566 $656,350 $446,068 $23,216
2018 $735,601 $585,839 $413,717 $149,762
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