ELEVANCE HEALTH CARES INC

EIN: 831172556 501(c)(3) Public Safety

INDIANAPOLIS, IN

Total Revenue
$1,430,786
Total Expenses
$1,053,202
Total Assets
$5,310,538
Net Assets
$5,203,961
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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
2018
Legal Domicile
IN
Phone
3174886000
Tax Period
2023-01-01 to 2023-12-31

ELEVANCE HEALTH CARES INC, founded in 2018, is a community nonprofit in the Public Safety sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $378K, a strong 26% operating margin.

Mission

Elevance Health CARES was created for associates by associates as a way to support them in times of personal hardship and disaster. Elevance Health CARES provides essential assistance during some of life's most challenging moments through several signature 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 $1,251,592
Program Service Revenue $0
Investment Income $179,194
Other Revenue $0
TOTAL REVENUE $1,430,786

Expense Breakdown

Grants Paid $690,627
Salaries & Benefits $241,883
Fundraising Expenses $87,194
Program Expenses $859,200
Other Expenses $120,692
TOTAL EXPENSES $1,053,202

Year-over-Year Comparison

2023 2022 Change
Revenue $1,430,786 $1,015,530 +0.4%
Expenses $1,053,202 $460,270 +1.3%
Net Income $377,584 $555,260 -0.3%
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
5
Independent Members
N/A
Employees
1
Volunteers
13

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
9
$120,942
Total Directors
5
$120,942
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board of Directors Chair 2.0
Officer Director
$0 $0 $0
N/A Vice President 2.0
Officer Director
$0 $0 $0
N/A President 2.0
Officer Director
$0 $0 $0
N/A Executive Director 39.0
Officer Director
$120,942 $0 $120,942
N/A Board of Directors 2.0
Director
$0 $0 $0
N/A Assistant Secretary 0.5
Officer
$0 $0 $0
N/A Assistant Treasurer 0.5
Officer
$0 $0 $0
N/A Secretary 0.5
Officer
$0 $0 $0
N/A Assistant Secretary 4.0
Officer
$0 $0 $0
N/A Treasurer 0.5
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 $1,430,786 $1,053,202 $5,310,538 $377,584
2022 $1,015,530 $460,270 $4,757,377 $555,260
2021 $1,425,402 $295,153 $4,313,771 $1,130,249
2020 $2,373,577 $412,403 $3,162,069 $1,961,174
2019 $457,989 $130,359 $1,166,793 $327,630
2018 $849,857 $10,694 $839,163 $839,163
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