Elite Community Outreach Inc (EIN 873484143) - 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

Carl Cannon

Phone

3096483445

Tax Period

2024-07-01 to 2025-06-30

Elite Community Outreach Inc, founded in 2021, is a community nonprofit in the Youth Development sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

Empower children adults thru second chances to make good decisions to thrive and operate in the purpose that is destined for them

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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 $1,601,246

Program Service Revenue $0

Investment Income $2,518

Other Revenue $0

TOTAL REVENUE $1,603,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,296,444

Fundraising Expenses $41,898

Program Expenses $1,346,754

Other Expenses $411,912

TOTAL EXPENSES $1,708,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,603,764	$1,847,270	-0.1%
Expenses	$1,708,356	$916,979	+0.9%
Net Income	$-104,592	$930,291	-1.1%

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

$72,700

Total Directors

$182,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL C CANNON	Director	40.00	Director	$110,000	$0	$110,000
SHERRY KAY CANNON	Vice Chairwoman	40.00	Officer Director	$72,700	$0	$72,700
THOMAS F MARCHAL	Chairman	0.00	Officer Director	$0	$0	$0
ERICA LYNN FAY	Secretary	0.00	Officer Director	$0	$0	$0
JACKIE PETTY	Director	0.00	Director	$0	$0	$0
YOLANDA RILEY	Director	0.00	Director	$0	$0	$0
ANGEL CRUZ	Director	0.00	Director	$0	$0	$0
MATT O'SHEA	Director	0.00	Director	$0	$0	$0
FRANK IREULLI	Director	0.00	Director	$0	$0	$0
MATT NELSON	Director	0.00	Director	$0	$0	$0
THOMAS BLUMER	Director	0.00	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	$1,603,764	$1,708,356	$979,520	$-104,592
2024	No data	No data	No data	No data
2023	$1,064,859	$1,088,520	$159,244	$-23,661
2022	$617,440	$466,461	$168,102	$150,979
2022	$609,940	$454,234	$155,706	$155,706

Elite Community Outreach Inc