ELEVATE CARMEL

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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

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

TO FIND OPPORTUNITIES FOR SERVICE ENHANCEMENT, PROCESS IMPROVEMENT, COST REDUCTION, AND INCREASED TRANSPARENCY TO BETTER SERVE OUR COMMUNITY. RECRUITING A DIVERSE AND TALENTED GROUP OF SUBJECT-MATTER EXPERTS TO LEAD OUR TRANSITION EFFORTS, WILL LAY A STRONG FOUNDATION TO BUILD AN ADMINISTRATION THAT WILL ELEVATE CARMELS SUCCESS FOR YEARS TO COME.

Program Service Accomplishments

Program 1

Expenses: $111,146 Revenue: $195,536

INUAGURATION PROGRAM SERVICE - THIS YEAR WE EXCUTED THE HIGHLY SUCCESSFUL MAYORAL INAUGURATION EVENTS TO HOST AN EVENT THAT PROMOTED CIVIC PRIDE AND COMMUNITY UNITY. THE EVENT CONVENED AN ESTIMATED 750 CARMEL RESIDENTS AND STATEKEHOLDERS, ENSURING A HIGH-PROFILE PROFESSIONAL LAUNCH FOR THE NEW ADMINISTRATION AND SETTING A POSITIVE TONE FOR THE CITYS FUTURE.

Program 2

Expenses: $23,705

TRANSITION AND POLICY ADIVISEMENT PROGRAM SERVICE - THIS PROGRAM PROVIDES ESSENTIAL STRATEGIC SUPPLORT FOR THE INCOMING CITY OF CARMEL MAYORAL ADMINISTRATION BY SUCCESSFULLY FACILITATING A SEAMLESS AND EFFICIENT TRANSITION OF GOVERNANCE. THIS INCLUDED DELIVERING OVER 50 HOURS OF POLICY AND COMMUNICATIONS CONSULTATION TO KEY STAFF, WHICH INFORMED INITIAL COMMUNITY OUTREACH STRATEGIES AND CONTRIBUTED TO THE RAPID DEPLOYMENT OF THE NEW ADMINISTRATIONS PRIORITY OF PUBLIC SERVICE INITIATIVES.

Program 3

Expenses: $7,500

CITY AND CITIZEN PROGRAM SERVICE - THE PUROSE OF THIS PROGRAM IS FOR THE SUPPORT AND PROMOTION OF THE CITY OF CARMEL. THIS WAS ACCOMPLISHED BY USING ENHANCED COMMUNITY ENGAGEMENT AND PARTNERING WITH LOCAL NON-PROFIT ORGANIZATIONS THAT ARE FOCUSED ON IMPROVING THE QUALITY OF LIFE FOR CARMELS CITIZENS. THIS YEAR, WE MADE GRANTS TO TWO OF OUR LOCAL NON-PROFIT ORGANIZATIONS THAT PROVIDE MEALS FOR THOSE IN NEED, PERSONAL COACHING, SUPPORT THROUGH GROWTH GROUPS, AND WORKSHOPS FOR EMPOWERING PREVIOUSLY OVERLOOKED CITIZENS OF CARMEL. THIS PROGRAM STRENGHTHENS THE RELATIONSHIP BETWEEN THE CITY GOVERNMENT AND THE RESIDENTS OF CARMEL.

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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 $10,417

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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