ELEVATED LENDING CERTIFIED DEVELOPMENT COMPANY (EIN 850400026) - 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

1988

Legal Domicile

Principal Officer

ALAN C SHETTLESWORTH

Tax Period

2024-10-01 to 2025-09-30

ELEVATED LENDING CERTIFIED DEVELOPMENT COMPANY, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $699K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS IN THE STATE OF NEW MEXICO

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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 $234

Program Service Revenue $530,402

Investment Income $168,018

Other Revenue $0

TOTAL REVENUE $698,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $460,414

Fundraising Expenses $0

Program Expenses $503,677

Other Expenses $282,496

TOTAL EXPENSES $742,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$698,654	$757,250	-0.1%
Expenses	$742,910	$639,699	+0.2%
Net Income	$-44,256	$117,551	-1.4%

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

$157,351

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAYLING ARMIJO	EXECUTIVE DIRECTOR	40.00	Officer	$141,615	$15,736	$157,351
CHRIS CLEPPER	MEMBER	1.00	Director	$0	$0	$0
RANDY TRASK	MEMBER	1.00	Director	$0	$0	$0
MICHAEL ARMIJO	MEMBER	1.00	Director	$0	$0	$0
JOHN BROOKS	MEMBER	1.00	Director	$0	$0	$0
YURIRIA MORALES-MANGONE	MEMBER	1.00	Director	$0	$0	$0
ALAN C SHETTLESWORTH	PRESIDENT	2.00	Officer Director	$0	$0	$0
JILL SWEENEY	SECRETARY	0.00	Officer Director	$0	$0	$0
MARCOS A GONZALES	TREASURER	2.00	Officer 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
2025	$698,654	$742,910	$1,239,521	$-44,256
2024	$757,250	$639,699	$1,060,195	$117,551
2023	$746,858	$881,317	$953,424	$-134,459
2022	$993,953	$901,458	$1,050,394	$92,495
2021	$790,092	$768,295	$994,069	$21,797
2020	$813,311	$748,949	$882,637	$64,362
2019	$981,924	$859,318	$830,131	$122,606
2018	$865,602	$987,534	$688,316	$-121,932

ELEVATED LENDING CERTIFIED DEVELOPMENT COMPANY