ELEVATEMED INC (EIN 833557457) - 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

DR ALYX PORTER UMPHREY

Phone

4802695774

Tax Period

2024-01-01 to 2024-12-31

ELEVATEMED INC, founded in 2018, is a small nonprofit in the Education sector that reported $854K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 16% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE AND MENTORING TO MEDICAL STUDENTS FROM RACIAL AND ETHNIC BACKGROUNDS TRADITIONALLY UNDERREPRESENTED IN MEDICINE.

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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 $502,757

Program Service Revenue $0

Investment Income $9

Other Revenue $351,107

TOTAL REVENUE $853,873

Expense Breakdown

Grants Paid $235,000

Salaries & Benefits $103,384

Fundraising Expenses $5,000

Program Expenses $595,026

Other Expenses $371,963

TOTAL EXPENSES $715,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$853,873	$688,555	+0.2%
Expenses	$715,347	$978,911	-0.3%
Net Income	$138,526	$-290,356	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ALYX PORTER UMPHREY	EXEC DIR,BOA	8.00	Officer Director	$0	$0	$0
DR MARISSA VASQUEZ	BOARD VICE C	N/A	Officer Director	$0	$0	$0
DR TIFFANY HARDAWAY	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICK BROOKS CPA	TREASURER	1.00	Officer Director	$0	$0	$0
MAIA S MCCUISTON MD	DIRECTOR	1.00	Director	$0	$0	$0
WELLS DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DR GREG UMPHREY	DIRECTOR	1.00	Director	$0	$0	$0
DR ANDREW SANDERSON II	DIRECTOR	1.00	Director	$0	$0	$0
DR BERT VARGAS	DIRECTOR	1.00	Director	$0	$0	$0
GYASI CHISLEY PMP FACHE	DIRECTOR	1.00	Director	$0	$0	$0
DR JESHENNA WATKINS	DIRECTOR	2.00	Director	$0	$0	$0
DR RICARDO CORREA	DIRECTOR	1.00	Director	$0	$0	$0
DR SHANNON SMITH HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
ANTIQUA CLEGGETT	EXEC DIRECTO	N/A	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
2024	$853,873	$715,347	$486,187	$138,526
2023	$688,555	$978,911	$351,926	$-290,356
2022	$512,935	$397,321	$637,593	$115,614
2021	$462,373	$296,397	$521,979	$165,976
2020	$316,061	$153,085	$359,901	$162,976
2019	$221,472	$28,445	$193,027	$193,027
2019	$201,457	$26,017	$175,440	$175,440

ELEVATEMED INC