Elevation Ministries Inc

EIN: 813875130 501(c)(3) Religion

Miami, FL

Total Revenue
$701,838
Total Expenses
$633,536
Total Assets
$1,284,762
Net Assets
$-178,856
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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
2020
Legal Domicile
FL
Phone
2035002030
Tax Period
2024-01-01 to 2024-12-31

Elevation Ministries Inc, founded in 2020, is a small nonprofit in the Religion sector that reported $702K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $634K left a modest 10% surplus.

Mission

Established to offer a home to the community for meditation, conversation and creativity

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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 $25,017
Program Service Revenue $544,279
Investment Income $43,919
Other Revenue $88,623
TOTAL REVENUE $701,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $223,179
Fundraising Expenses $0
Program Expenses $629,005
Other Expenses $410,357
TOTAL EXPENSES $633,536

Year-over-Year Comparison

2024 2023 Change
Revenue $701,838 $998,679 -0.3%
Expenses $633,536 $766,089 -0.2%
Net Income $68,302 $232,590 -0.7%
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

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Governance

Voting Members
3
Independent Members
2
Employees
4
Volunteers
10

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Berke General manager 50
Officer
$0 $0 $0
Gabriel Goldstein Director 0
Director
$0 $0 $0
Arash Norwain Director 0
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 $701,838 $633,536 $1,284,762 $68,302
2023 $998,679 $766,089 $967,398 $232,590
2022 $821,586 $704,282 $574,467 $117,304
2021 $939,987 $600,566 $563,262 $339,421
2020 $394,739 $275,608 $430,890 $119,131
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