Elevate Collegiate Inc dba Elevate Collegiate Charter School (EIN 832848652) - 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

2018

Legal Domicile

Principal Officer

Rebecca Francis Jones

Phone

3462341434

Tax Period

2024-07-01 to 2025-06-30

Elevate Collegiate Inc dba Elevate Collegiate Charter School, founded in 2018, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

To equip students with academic knowledge and character development for college and life.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,975,984

Program Service Revenue $15,223

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,991,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,398,723

Fundraising Expenses $0

Program Expenses $2,980,879

Other Expenses $1,995,517

TOTAL EXPENSES $3,394,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,991,207	$2,580,890	+0.2%
Expenses	$3,394,240	$3,136,523	+0.1%
Net Income	$-403,033	$-555,633	-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

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

$133,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Patrick Jefferson	President	3.00	Officer Director	$0	$0	$0
Amanda Stephens	Treasurer	3.00	Officer Director	$0	$0	$0
Chuck Ejim	Director	3.00	Director	$0	$0	$0
Thuyvi Norris	Director	3.00	Director	$0	$0	$0
Anthony Scott	Director	3.00	Director	$0	$0	$0
Elan Shney	Director	3.00	Director	$0	$0	$0
Rebecca Francis Jones	Superintendent	40.00	Officer	$127,211	$6,078	$133,289

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	$2,991,207	$3,394,240	$11,072,202	$-403,033
2024	No data	No data	No data	No data
2023	$1,821,651	$1,711,044	$1,429,335	$110,607
2022	$1,550,152	$1,257,174	$574,288	$292,978
2021	$185,056	$173,931	$226,920	$11,125

Elevate Collegiate Inc dba Elevate Collegiate Charter School