ELEVATE OCEANA

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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

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

THE MISSION OF OUR MINISTRY IS TO PROVIDE A SAFE ENVIRONMENT FOR INDIVIDUALS STRUGGLING WITH ADDICTION. WE BELIEVE THAT BY OFFERING COMMUNITY AND A CHRISTIAN PERSPECTIVE, THESE INDIVIDUALS HAVE THE BEST CHANCE TO SUCCEED IN THEIR SOBRIETY.

Program Service Accomplishments

Program 1

Expenses: $64,238 Revenue: $48,700

IN 2024, OUR MINISTRY EXPANDED ITS RECOVERY PROGRAM FROM ONE TO THREE RESIDENTIAL HOMES, TWO SERVING MEN AND ONE SERVING WOMEN, CREATING SAFE AND SUPPORTIVE ENVIRONMENTS FOR INDIVIDUALS STRUGGLING...

IN 2024, OUR MINISTRY EXPANDED ITS RECOVERY PROGRAM FROM ONE TO THREE RESIDENTIAL HOMES, TWO SERVING MEN AND ONE SERVING WOMEN, CREATING SAFE AND SUPPORTIVE ENVIRONMENTS FOR INDIVIDUALS STRUGGLING WITH ADDICTION. WE SUCCESSFULLY COMPLETED REMODELING OF OUR FIRST HOME, INCLUDING A NEW ROOF AND WINDOWS, TRANSFORMING IT INTO A BEAUTIFUL SPACE WHERE PARTICIPANTS CAN ENGAGE IN COMMUNITY AS THEY PURSUE SOBRIETY. ROOTED IN CHRISTIAN VALUES, OUR PROGRAM SAW ITS FIRST PARTICIPANT COMPLETE THE PROGRAM AND REINTEGRATE INTO SOCIETY AS A SOBER, PRODUCTIVE MEMBER. WE ALSO CELEBRATED OUR FIRST PARTICIPANT REACHING THE MILESTONE OF 12 MONTHS OF SOBRIETY, AFFIRMING THE IMPACT OF OUR FAITH-BASED APPROACH TO RECOVERY.

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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 $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

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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

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