EVOLVE HOUSTON (EIN 843688749) - 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

2019

Legal Domicile

Principal Officer

CASEY BROWN

Phone

8324180676

Tax Period

2024-01-01 to 2024-12-31

EVOLVE HOUSTON, founded in 2019, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 44% operating deficit.

Mission

IMPROVE AIR QUALITY AND REDUCE GREENHOUSE GAS EMISSIONS BY SUPPORTING AND ENABLING THE GREATER HOUSTON AREA TO INCREASE EV ADOPTION.

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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 $929,165

Program Service Revenue $489,958

Investment Income $41

Other Revenue $10,560

TOTAL REVENUE $1,429,724

Expense Breakdown

Grants Paid $555,146

Salaries & Benefits $258,709

Fundraising Expenses $11,825

Program Expenses $1,564,348

Other Expenses $1,243,640

TOTAL EXPENSES $2,057,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,429,724	$1,424,377	+0.0%
Expenses	$2,057,495	$1,184,344	+0.7%
Net Income	$-627,771	$240,033	-3.6%

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

$180,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY BROWN	EXECUTIVE DI	40.00	Officer	$180,000	$0	$180,000
GARY GLASSCOCK	DIRECTOR	5.00	Director	$0	$0	$0
RINA HARRIS	DIRECTOR	5.00	Director	$0	$0	$0
RAMANAN KRISHNAMOORTI	DIRECTOR	5.00	Director	$0	$0	$0
ANDREY SHUVALOV	CHAIR	5.00	Officer Director	$0	$0	$0
NICHOLAS HADJIGEORGE	SECRETARY	5.00	Officer	$0	$0	$0
CATHERINE PELLEGRIN	TREASURER	0.01	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	$1,429,724	$2,057,495	$1,423,182	$-627,771
2023	$1,424,377	$1,184,344	$1,727,087	$240,033
2022	$1,186,149	$975,863	$971,406	$210,286
2021	$950,469	$684,883	$1,014,660	$265,586
2020	$764,280	$352,026	$1,306,480	$412,254

EVOLVE HOUSTON