ELEVATE QUANTUM (EIN 931969790) - 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

2023

Legal Domicile

Principal Officer

JESSI OLSEN

Phone

7205154622

Tax Period

2024-01-01 to 2024-09-30

ELEVATE QUANTUM, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $511K in total revenue in fiscal year 2024. Expenses of $490K left a modest 4% surplus.

Mission

ELEVATE QUANTUM'S MISSION IS TO DRAMATICALLY ACCELERATE THE PACE OF COMMERCIALIZATION IN QUANTUM. ELEVATE QUANTUM IS A DESIGNATED TECHHUB BY THE U.S. DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION AND BOASTS THE LARGEST REGIONAL CONSORTIUM IN AMERICA. THE CONSORTIUM OF 120 ORGANIZATIONS WORKS TO ENSURE THAT THE REGION REMAINS THE GLOBAL EPICENTER FOR QUANTUM BY HELPING TURN CUTTING-EDGE RESEARCH INTO WORLD-CHANGING COMPANIES, FACILITATING A VIBRANT STARTUP AND SCALE-UP ECOSYSTEM AND BUILDING A STRONG WORKFORCE.

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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 $510,141

Program Service Revenue $0

Investment Income $0

Other Revenue $379

TOTAL REVENUE $510,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,750

Fundraising Expenses $0

Program Expenses $480,000

Other Expenses $321,570

TOTAL EXPENSES $490,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,520	N/A	N/A
Expenses	$490,320	N/A	N/A
Net Income	$20,200	$0	N/A

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
DAN CARUSO	DIRECTOR	5.00	Director	$0	$0	$0
BROOKS JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
WENDY LEA	DIRECTOR	5.00	Director	$0	$0	$0
ANTHONY NEAL-GRAVES	DIRECTOR	5.00	Director	$0	$0	$0
MASSIMO RUZZENE	DIRECTOR	5.00	Director	$0	$0	$0
JESUS SALAZAR	DIRECTOR	5.00	Director	$0	$0	$0
DR COLLEEN SIMPSON	DIRECTOR	5.00	Director	$0	$0	$0
DR MARLOU SLOT	DIRECTOR	5.00	Director	$0	$0	$0
DR MATTHIAS TROYER	DIRECTOR	5.00	Director	$0	$0	$0
ALEX GREENBERG	EX OFFICIO DIRECTOR	5.00	Director	$0	$0	$0
EVE LIEBERMAN	EX OFFICIO DIRECTOR	5.00	Director	$0	$0	$0
CORBAN TILLEMANN-DICK	CHAIR & DIRECTOR	5.00	Officer 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	$510,520	$490,320	$125,560	$20,200

ELEVATE QUANTUM