ELC DEVELOPMENT (EIN 912093948) - 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

2001

Legal Domicile

Principal Officer

MICHELE SMITH

Phone

2067702700

Tax Period

2024-01-01 to 2024-12-31

ELC DEVELOPMENT, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $10K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $484K exceeded revenue, resulting in a 4740% operating deficit.

Mission

ELC DEVELOPMENT IS ORGANIZED TO SUPPORT CAPITAL PROJECTS OF EXPERIENCE LEARNING COMMUNITY.

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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 $10,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $479,833

Other Expenses $484,023

TOTAL EXPENSES $484,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,000	$5,000	+1.0%
Expenses	$484,023	$484,070	0.0%
Net Income	$-474,023	$-479,070	0.0%

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

$642,958

Total Directors

$335,753

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB MCMURRAY	ELC CHIEF OFFICER	1.00	Director	$0	$35,055	$211,187
MELINDA SIMMS	ELC DIRECTOR	1.00	Director	$0	$15,570	$124,566
JODY ALLEN	CHAIR	1.00	Officer Director	$0	$0	$0
SHAUNTA HYDE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARJORIE THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
DAVINA INSLEE	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER CHU	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$17,910	$217,458
MICHELE SMITH	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$18,421	$425,500

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	$10,000	$484,023	$8,365,276	$-474,023
2023	$5,000	$484,070	$8,839,384	$-479,070
2022	No data	$483,854	$9,318,369	No data
2021	No data	$483,534	$9,802,223	No data
2020	No data	$510,181	$10,285,757	No data
2019	$10,000	$541,921	$10,795,938	$-531,921
2018	$5,000	$650,004	$11,327,859	$-645,004

ELC DEVELOPMENT