ELEVATE COMMUNITY CENTER (EIN 862130650) - 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

2021

Legal Domicile

Principal Officer

SHARINE XUAN

Phone

4083579538

Tax Period

2024-01-01 to 2024-12-31

ELEVATE COMMUNITY CENTER, founded in 2021, is a small nonprofit in the Crime & Legal sector that reported $913K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $830K left a modest 9% surplus.

Mission

TO PROMOTE SELF-SUFFICIENCY FINANCIAL STABILITY IN UNDER-SERVED COMMUNITIES

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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 $674,328

Program Service Revenue $250,736

Investment Income $3,844

Other Revenue $-16,373

TOTAL REVENUE $912,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $683,581

Fundraising Expenses $24,488

Program Expenses $625,336

Other Expenses $146,182

TOTAL EXPENSES $829,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$912,535	$520,508	+0.8%
Expenses	$829,763	$669,715	+0.2%
Net Income	$82,772	$-149,207	-1.6%

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

$140,000

Total Directors

$140,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARINE XUAN	EXECUTIVE DI	40.00	Officer Director	$140,000	$0	$140,000
VERONICA GOMEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
BARBARA CLAYTON	TREASURER	1.00	Officer Director	$0	$0	$0
NATASHA TRAN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK SPRAGGINS	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
2024	$912,535	$829,763	$155,229	$82,772
2023	$520,508	$669,715	$69,133	$-149,207
2022	$457,852	$257,955	$203,632	$199,897

ELEVATE COMMUNITY CENTER