ELEVATE OCEANA (EIN 882481983) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

SCOTT BUTCHER

Phone

2317428493

Tax Period

2024-01-01 to 2024-12-31

ELEVATE OCEANA, founded in 2022, is a small nonprofit in the Mental Health sector that reported $561K in total revenue in fiscal year 2024. Revenue surged 462% from the prior year, signaling strong growth momentum. The organization ran a surplus of $497K, a strong 89% operating margin.

Mission

TO PROVIDE A SAFE, FAITH-BASED COMMUNITY FOR INDIVIDUALS SEEKING RECOVERY FROM ADDICTION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $512,048

Program Service Revenue $48,700

Investment Income $0

Other Revenue $6

TOTAL REVENUE $560,754

Expense Breakdown

Grants Paid $1,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,238

Other Expenses $63,088

TOTAL EXPENSES $64,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$560,754	$99,801	+4.6%
Expenses	$64,238	$57,218	+0.1%
Net Income	$496,516	$42,583	+10.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BUTCHER	PRESIDENT	5.00	Officer Director	$0	$0	$0
BILL RYDER	SECRETARY	5.00	Officer Director	$0	$0	$0
GARY NIENHUIS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WESLEY VANDERWILK	TREASURER	5.00	Officer Director	$0	$0	$0
RHONDA GALLOP	BOARD MEMBER	5.00	Director	$0	$0	$0
JENNIFER STITT	BOARD MEMBER	5.00	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	$560,754	$64,238	$674,049	$496,516

ELEVATE OCEANA