ELEVATE HOPE HOUSE (EIN 815282491) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

MELINDA M MCDERMOTT

Phone

6122829769

Tax Period

2024-02-01 to 2025-01-31

ELEVATE HOPE HOUSE, founded in 2017, is a small nonprofit in the Human Services sector that reported $424K in total revenue in fiscal year 2024. Revenue surged 640% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 64% operating margin.

Mission

TO PROVIDE A SAFE HOME AND SUPPORT SYSTEM FOR YOUNG SINGLE MOMS AND THEIR CHILDREN IN CRISIS TO RENEW, RESTORE, AND REGAIN SELF-WORTH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $411,798

Program Service Revenue $0

Investment Income $832

Other Revenue $11,493

TOTAL REVENUE $424,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,377

Fundraising Expenses $9,847

Program Expenses $66,869

Other Expenses $96,627

TOTAL EXPENSES $152,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,123	$57,283	+6.4%
Expenses	$152,004	$87,515	+0.7%
Net Income	$272,119	$-30,232	-10.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$10,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA M MCDERMOTT	PRESIDENT FO	35.00	Officer Director	$10,000	$0	$10,000
NICOLE BECKS	ENGMT DIR &	5.00	Director	$0	$0	$0
CARYN BUXENGARD	DIRECTOR OF	5.00	Officer Director	$0	$0	$0
LAURIE DVORACEK	ENGMT DIR &	5.00	Director	$0	$0	$0
RENEE HANSON	DIR OF ENGAG	5.00	Director	$0	$0	$0
ROBIN KIRK	ENGMT DIR/SE	5.00	Officer Director	$0	$0	$0
PAM RASSETT	DIR OF ENGAG	5.00	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	$424,123	$152,004	$389,338	$272,119

ELEVATE HOPE HOUSE