ELEVATE AEROSPACE & LOGISTICS INCUBATOR INC (EIN 874082687) - 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

JULIE EHNLE

Phone

8639044014

Tax Period

2024-10-01 to 2025-06-30

ELEVATE AEROSPACE & LOGISTICS INCUBATOR INC, founded in 2021, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 508% operating deficit.

Mission

TO HELP BUDDING ENTREPRENEURS ESTABLISH COMPANIES IN AEROSPACE AND LOGISTICS INDUSTRIES.

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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 $0

Program Service Revenue $2,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14

Program Expenses $12,022

Other Expenses $12,161

TOTAL EXPENSES $12,161

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,000	$6,500	-0.7%
Expenses	$12,161	$54,420	-0.8%
Net Income	$-10,161	$-47,920	-0.8%

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

N/A

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

$449,309

Total Directors

$382,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE CONRAD	PRESIDENT & CEO	5.00	Officer Director	$0	$22,849	$263,034
ERIC CRUMP	VICE-PRESIDENT & COO	5.00	Officer Director	$0	$0	$119,824
RICARDO GARCIA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JULIE EHNLE	CFO	5.00	Officer	$0	$13,706	$66,451

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	$2,000	$12,161	No data	$-10,161
2024	$6,500	$54,420	$10,680	$-47,920
2023	$157,949	$100,904	$70,461	$57,045
2022	$93,324	$92,288	$106,022	$1,036

ELEVATE AEROSPACE & LOGISTICS INCUBATOR INC