Elevate Lives (EIN 814490605) - 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

2016

Legal Domicile

Phone

7194911535

Tax Period

2025-01-01 to 2025-12-31

Elevate Lives, founded in 2016, is a small nonprofit in the Human Services sector that reported $596K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $393K, a strong 66% operating margin.

Mission

Elevate Lives ends poverty one family at a time. We lead the working poor to become thriving, contributing members of society through a faith-centered approach and transformation 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $477,886

Program Service Revenue $0

Investment Income $7

Other Revenue $118,277

TOTAL REVENUE $596,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,740

Fundraising Expenses $0

Program Expenses $114,572

Other Expenses $160,533

TOTAL EXPENSES $203,273

Year-over-Year Comparison

	2025	2024	Change
Revenue	$596,170	$764,315	-0.2%
Expenses	$203,273	$159,180	+0.3%
Net Income	$392,897	$605,135	-0.4%

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

N/A

Volunteers

1250

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

$42,741

Total Directors

$42,741

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russell D Gosselin	President & CEO	40.00	Officer Director	$42,741	$0	$42,741
Sharon L Gosselin	Secretary	3.00	Officer Director	$0	$0	$0
Dan Prater	Board Member	0.00	Director	$0	$0	$0
Kevin Rose	Board Member	0.00	Director	$0	$0	$0
Kary Kingsland	Board Member	0.00	Director	$0	$0	$0
Russell D Gosselin	Board Member	0.00	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
2025	$596,170	$203,273	$4,376,788	$392,897
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,059,280	$1,034,477	$2,056,186	$24,803
2023	$1,046,214	$264,341	$2,813,256	$781,873
2022	$1,112,540	$903,711	$2,085,868	$208,829
2021	$1,211,284	$714,025	$2,169,326	$497,259
2020	$1,267,234	$1,080,953	$908,800	$186,281
2019	$831,936	$894,409	$515,842	$-62,473
2018	$419,668	$429,248	$91,784	$-9,580

Elevate Lives