LEVITATE FOUNDATION INC (EIN 863446018) - 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

DANIEL HASSETT

Phone

7818342755

Tax Period

2023-01-01 to 2023-12-31

LEVITATE FOUNDATION INC, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $261K in total revenue in fiscal year 2023. Revenue surged 199% from the prior year, signaling strong growth momentum. The organization ran a surplus of $132K, a strong 51% operating margin.

Mission

THE LEVITATE FOUNDATION'S MISSION IS TO CULTIVATE A BETTER FUTURE BY CREATING AND CONSERVING ACCESS TO MUSIC, ART, AND THE OUTDOORS.

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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 $215,191

Program Service Revenue $0

Investment Income $0

Other Revenue $45,532

TOTAL REVENUE $260,723

Expense Breakdown

Grants Paid $65,451

Salaries & Benefits $47,598

Fundraising Expenses $0

Program Expenses $128,954

Other Expenses $15,905

TOTAL EXPENSES $128,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,723	$87,155	+2.0%
Expenses	$128,954	$923	+138.7%
Net Income	$131,769	$86,232	+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

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
ED FARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DAN HASSETT	DIRECTOR	1.00	Director	$0	$0	$0
JESS HASSETT	DIRECTOR	1.00	Director	$0	$0	$0
AMELIA ENGLISH	DIRECTOR	1.00	Director	$0	$0	$0
SANDY OLNEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PICARD	DIRECTOR	1.00	Director	$0	$0	$0
RYAN VANGEL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CUSSINS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CUNIO	DIRECTOR	1.00	Director	$0	$0	$0
TOM DEININGER	DIRECTOR	1.00	Director	$0	$0	$0
KATIE GALAVIZ	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN BUCKLER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD BRUCE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
BILLY PHELAN	DIRECTOR	1.00	Director	$0	$0	$0
BRITT RYAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HASSETT	PRESIDENT	1.00	Officer	$0	$0	$0
BRITT RYAN	CLERK	1.00	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
2023	$260,723	$128,954	$284,142	$131,769
2022	$87,155	$923	$152,373	$86,232

LEVITATE FOUNDATION INC