ELEVATE ACADEMY FOUNDATION INC (EIN 853947205) - 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

Principal Officer

MONICA WHITE

Phone

2085040130

Tax Period

2023-07-01 to 2024-06-30

ELEVATE ACADEMY FOUNDATION INC, founded in 2019, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $841K, a strong 22% operating margin.

Mission

ELEVATE ACADEMY'S MISSION IS FOR ALL STUDENTS TO TAKE RESPONSIBILITY FOR LEADING THEIR OWN LIVES AND STUDYING A CAREER TRACK THAT MAY INCLUDE VOCATIONAL AND COLLEGE PATHS OR A COMBINATION THEREOF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,059,000

Program Service Revenue $1,721,338

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,780,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,779,387

Fundraising Expenses $0

Program Expenses $304,000

Other Expenses $1,160,430

TOTAL EXPENSES $2,939,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,780,338	$4,100,670	-0.1%
Expenses	$2,939,817	$2,520,095	+0.2%
Net Income	$840,521	$1,580,575	-0.5%

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
ERIK BULLOCK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GILBERT LONGORIA	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY ROJAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE STEVENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALDOLFO VALDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DEIDRE WALTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
BECKI WOODBURY	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	$3,780,338	$2,939,817	$3,338,273	$840,521
2023	$4,100,670	$2,520,095	$2,520,894	$1,580,575

ELEVATE ACADEMY FOUNDATION INC