ELEVATE YOUTH INC

EIN: 821643548 501(c)(3) Youth Development

BOSTON, MA

Total Revenue
$566,342
Total Expenses
$400,049
Total Assets
$378,164
Net Assets
$373,392
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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
2017
Legal Domicile
MA
Principal Officer
ALEC GRISWOLD
Phone
8579958050
Tax Period
2023-01-01 to 2023-12-31

ELEVATE YOUTH INC, founded in 2017, is a small nonprofit in the Youth Development sector that reported $566K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 29% operating margin.

Mission

EMPOWER UNDERSERVED YOUTH THROUGH OUTDOOR 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $530,728
Program Service Revenue $22,100
Investment Income $2,948
Other Revenue $10,566
TOTAL REVENUE $566,342

Expense Breakdown

Grants Paid $0
Salaries & Benefits $261,503
Fundraising Expenses $79,259
Program Expenses $226,435
Other Expenses $102,363
TOTAL EXPENSES $400,049

Year-over-Year Comparison

2023 2022 Change
Revenue $566,342 $348,174 +0.6%
Expenses $400,049 $382,408 +0.0%
Net Income $166,293 $-34,234 -5.9%
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
11
Independent Members
10
Employees
6
Volunteers
55

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
8
$174,848
Total Directors
11
$117,347
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS ALEXANDER GRISWOLD EXECUTIVE DIRECTOR/FOUNDER 55
Officer
$57,501 $0 $57,501
SOPHIA GOULD DIRECTOR OF PROGRAMMING 40
Officer Director
$48,373 $0 $48,373
WADDY STRYKER OUTDOOR INSTRUCTOR 40
Officer Director
$44,283 $0 $44,283
CAMDEN J REGAN DIRECTOR OF PROGRAMMING 40
Officer Director
$24,691 $0 $24,691
JOHN HENRY MURPHY TREASURER 5
Officer Director
$0 $0 $0
BENJAMIN JACKSON CLERK 5
Officer Director
$0 $0 $0
CHAYA HARRIS BOARD MEMBER 5
Director
$0 $0 $0
ROBIN BOSE BOARD MEMBER 5
Director
$0 $0 $0
NICOLE DAVIS BOARD MEMBER 2
Director
$0 $0 $0
GREG HERREMA BOARD MEMBER 2
Director
$0 $0 $0
ALEXANDER REYES BOARD MEMBER 2
Director
$0 $0 $0
JULIA JEFFRIES BOARD MEMBER 5
Director
$0 $0 $0
SAMUEL KORNSTEIN PRESIDENT 5
Officer
$0 $0 $0
MARY TUCK WELCH VICE PRESIDENT 5
Officer
$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 No data No data No data No data
2023 $566,342 $400,049 $378,164 $166,293
2022 $348,174 $382,408 $231,890 $-34,234
2021 $285,063 $270,254 $246,735 $14,809
2020 $317,885 $131,459 $236,666 $186,426
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