ELEVATE CARMEL

EIN: 934645411 Community Improvement

CARMEL, IN

Total Revenue
$205,953
Total Expenses
$185,552
Total Assets
$20,441
Net Assets
$20,441
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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
IN
Principal Officer
DEREK HUGO
Phone
8125500852
Tax Period
2024-01-01 to 2024-12-31

ELEVATE CARMEL, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $206K in total revenue in fiscal year 2024. Revenue surged 514782% from the prior year, signaling strong growth momentum. Expenses of $186K left a modest 10% surplus.

Mission

THE MISSION OF ELEVATE CARMEL INC IS TO OVERSEE ALL TRANSITION AND INAUGURAL ACTIVITIES FOR THE CITY OF CARMEL INDIANA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,417
Program Service Revenue $195,536
Investment Income $0
Other Revenue $0
TOTAL REVENUE $205,953

Expense Breakdown

Grants Paid $7,500
Salaries & Benefits $0
Fundraising Expenses $26,457
Program Expenses $142,351
Other Expenses $178,052
TOTAL EXPENSES $185,552

Year-over-Year Comparison

2024 2023 Change
Revenue $205,953 $40 +5147.8%
Expenses $185,552 N/A N/A
Net Income $20,401 $40 +509.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG DUNN CHAIRPERSON 015.00
Officer
$0 $0 $0
KORY WOOD TREASURER 030.00
Officer
$0 $0 $0
LAURA CAMPBELL SECRETARY 015.00
Officer
$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 $205,953 $185,552 $20,441 $20,401
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