Elant Inc
Elant Inc. shows declining assets and high liabilities despite recent surplus in 2018.
EIN: 134082972 · Goshen, NY · NTEE: E199 · Updated: 2026-03-28
Is Elant Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elant Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elant Inc
Elant Inc (EIN: 134082972) is a nonprofit organization based in Goshen, NY, classified under NTEE code E199. The organization reported total revenue of $3.4M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elant Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elant Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Elant Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is highly favorable for an organization of its size with revenues ranging from $3.4M to $6.3M.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Elant Inc's IRS 990 filings:
- Consistent decline in assets from $7.8M in 2010 to $4.2M in 2018.
- Liabilities consistently exceed assets, indicating a potentially high debt load (e.g., $6.3M liabilities vs. $4.2M assets in 2018).
- History of operating deficits in multiple years prior to 2018 (e.g., 2015, 2013, 2011, 2010).
Strengths
The following positive indicators were identified for Elant Inc:
- Reported 0% officer compensation across all filings, indicating efficient use of funds regarding executive pay.
- Significant operating surplus in 2018 ($3.4M revenue vs. $1.09M expenses) after several years of deficits.
- Long filing history (9 filings) demonstrates consistent reporting to the IRS.
Frequently Asked Questions about Elant Inc
Is Elant Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elant Inc (EIN: 134082972) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Elant Inc spend its money?
Elant Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elant Inc tax-deductible?
Elant Inc is registered as a tax-exempt nonprofit (EIN: 134082972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Elant Inc. financially stable?
Elant Inc.'s financial stability is questionable given its declining asset base from $7.8M in 2010 to $4.2M in 2018 and consistently high liabilities that often exceed assets, such as $6.3M in liabilities against $4.2M in assets in 2018. While 2018 showed a significant surplus, this follows a trend of operating deficits in previous years.
What is the trend in Elant Inc.'s revenue and expenses?
Elant Inc.'s revenue has fluctuated, peaking at $6.3M in 2011 and declining to $3.4M in 2018. Expenses have also varied, with a notable drop from $6.9M in 2011 to $1.09M in 2018, resulting in a significant surplus in the latest reported period after several years of deficits.
How does Elant Inc.'s asset-to-liability ratio compare over time?
Elant Inc.'s asset-to-liability ratio has consistently been less than 1, indicating that liabilities have generally exceeded assets. For example, in 2018, assets were $4.25M while liabilities were $6.32M, suggesting a potentially high debt burden relative to its holdings.
Filing History
IRS 990 filing history for Elant Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2018), Elant Inc's revenue has declined by 37.8%, moving from $5.5M to $3.4M. Total assets decreased by 45.9% over the same period, from $7.9M to $4.3M. Total functional expenses fell by 81.8%, from $6.0M to $1.1M. In its most recent filing year (2018), Elant Inc reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $6.3M in liabilities against $4.3M in assets (debt-to-asset ratio: 148.6%), resulting in net assets of $-2,066,071.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $3.4M | $1.1M | $4.3M | $6.3M | — | View 990 |
| 2017 | $6.0M | $2.8M | $4.3M | $9.1M | — | View 990 |
| 2016 | $4.4M | $3.7M | $5.0M | $8.9M | — | View 990 |
| 2015 | $5.3M | $5.5M | $5.1M | $9.7M | — | View 990 |
| 2014 | $4.9M | $4.7M | $5.7M | $10.3M | — | View 990 |
| 2013 | $5.9M | $7.4M | $7.2M | $10.7M | — | View 990 |
| 2012 | $6.2M | $6.1M | $7.1M | $10.4M | — | View 990 |
| 2011 | $6.3M | $6.9M | $6.5M | $9.5M | — | View 990 |
| 2010 | $5.5M | $6.0M | $7.9M | $10.5M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $3.4M, expenses of $1.1M, and assets of $4.3M (revenue -42.9% year-over-year).
- 2017: Revenue of $6.0M, expenses of $2.8M, and assets of $4.3M (revenue +37.2% year-over-year).
- 2016: Revenue of $4.4M, expenses of $3.7M, and assets of $5.0M (revenue -18.4% year-over-year).
- 2015: Revenue of $5.3M, expenses of $5.5M, and assets of $5.1M (revenue +8.3% year-over-year).
- 2014: Revenue of $4.9M, expenses of $4.7M, and assets of $5.7M (revenue -16.1% year-over-year).
- 2013: Revenue of $5.9M, expenses of $7.4M, and assets of $7.2M (revenue -5.2% year-over-year).
- 2012: Revenue of $6.2M, expenses of $6.1M, and assets of $7.1M (revenue -1.8% year-over-year).
- 2011: Revenue of $6.3M, expenses of $6.9M, and assets of $6.5M (revenue +15.1% year-over-year).
- 2010: Revenue of $5.5M, expenses of $6.0M, and assets of $7.9M.
Data Sources and Methodology
This transparency report for Elant Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.