ELEVATE OMAHA INC

EIN: 854273290 501(c)(3) Community Improvement

OMAHA, NE

Total Revenue
$438,961
Total Expenses
$550,510
Total Assets
$11,331
Net Assets
$11,331
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NE
Principal Officer
ERIN MCARTHUR
Phone
8778295500
Tax Period
2024-01-01 to 2024-12-31

ELEVATE OMAHA INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $439K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $551K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO CREATE A PLATFORM TO ELEVATE YOUTH VOICE AND EQUIP YOUNG PEOPLE TO BECOME LEADERS WHO ADVOCATE FOR THEMSELVES AND THEIR PEERS, PROVIDE INSIGHT ABOUT YOUTH-DRIVEN SOLUTIONS, AND FUND POSSIBILITY TO PAVE THE WAY TO A BETTER FUTURE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $402,299
Program Service Revenue $36,662
Investment Income $0
Other Revenue $0
TOTAL REVENUE $438,961

Expense Breakdown

Grants Paid $0
Salaries & Benefits $417,425
Fundraising Expenses $31,084
Program Expenses $409,146
Other Expenses $133,085
TOTAL EXPENSES $550,510

Year-over-Year Comparison

2024 2023 Change
Revenue $438,961 $684,924 -0.4%
Expenses $550,510 $753,399 -0.3%
Net Income $-111,549 $-68,475 +0.6%
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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Governance

Voting Members
13
Independent Members
13
Employees
11
Volunteers
60

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
7
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EFREN GARCIA CO-CHAIR 2.00
Officer Director
$0 $0 $0
YVONNE KABURU CO-CHAIR 2.00
Officer Director
$0 $0 $0
OLIVIA GILBREATH CO-TREASURER 2.00
Officer Director
$0 $0 $0
NATHAN JOHNSON CO-TREASURER 2.00
Officer Director
$0 $0 $0
CLARICE DOMBECK C0-SECRETARY 2.00
Officer Director
$0 $0 $0
LILY CASTELLAN CO-SECRETARY 2.00
Officer Director
$0 $0 $0
ABIOLA KOSOKO BOARD MEMBER 2.00
Director
$0 $0 $0
GREG NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
JODI BENENSON BOARD MEMBER 1.00
Director
$0 $0 $0
KRYSTAL RICE BOARD MEMBER 1.00
Director
$0 $0 $0
MADISEN REED BOARD MEMBER 1.00
Director
$0 $0 $0
MALENA ROUSSEAU BOARD MEMBER 1.00
Director
$0 $0 $0
RENATA VALQUIER CHAVEZ BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN MCARTHUR INTERIM EXECUTIVE DIRECTOR 50.00
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 $438,961 $550,510 $11,331 $-111,549
2023 $684,924 $753,399 $122,880 $-68,475
2022 $521,584 $556,239 $191,355 $-34,655
2021 $457,812 $231,802 $226,010 $226,010
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