ASCENDUS INC (EIN 113317234) - 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

1996

Legal Domicile

Principal Officer

JOSHUA BRACKETT

Phone

6468334514

Tax Period

2023-01-01 to 2023-12-31

ASCENDUS INC, founded in 1996, is a mid-sized nonprofit in the Community Improvement sector that reported $10.6M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $13.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

ASCENDUS EMPOWERS LOW-TO-MODERATE INCOME BUSINESS OWNERS THROUGH ACCESS TO CAPITAL AND FINANCIAL EDUCATION. WITH ECONOMIC OPPORTUNITY, THESE ENTREPRENEURS, OFTEN MINORITIES AND WOMEN, CAN BUILD ASSETS, BETTER PROVIDE FOR THEIR FAMILIES, CREATE EMPLOYMENT AND STRENGTHEN THEIR COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,182,715

Program Service Revenue $5,065,545

Investment Income $393,299

Other Revenue $0

TOTAL REVENUE $10,641,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,416,394

Fundraising Expenses $789,496

Program Expenses $9,690,554

Other Expenses $6,772,965

TOTAL EXPENSES $13,189,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,641,559	$13,403,959	-0.2%
Expenses	$13,189,359	$9,060,343	+0.5%
Net Income	$-2,547,800	$4,343,616	-1.6%

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

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

$871,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY HELLEN	DIRECTOR	1.00	Director	$0	$0	$0
ARMANDO ACOSTA	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN GALVIN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL DELEHANTY	DIRECTOR	1.00	Director	$0	$0	$0
JAS JEET SINGH	DIRECTOR	1.00	Director	$0	$0	$0
JEROME WEISS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY JOHNSON	TREASURER (OUTGOING)	1.00	Officer Director	$0	$0	$0
LAURA MILLER	CHAIR	1.00	Officer Director	$0	$0	$0
LISA SERVON	DIRECTOR (OUTGOING)	1.00	Director	$0	$0	$0
PABLO CORTINA	DIRECTOR	1.00	Director	$0	$0	$0
PERRI RICHMAN	DIRECTOR	1.00	Director	$0	$0	$0
QUENIA ABREU	DIRECTOR	1.00	Director	$0	$0	$0
ROSHELLE NAGAR	SECRETARY	1.00	Officer Director	$0	$0	$0
SHELLEY R SYLVA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN CASSELL	DIRECTOR	1.00	Director	$0	$0	$0
SUDHIR JAIN	DIRECTOR	1.00	Director	$0	$0	$0
TYLER VAN GUNDY	TREASURER	1.00	Officer Director	$0	$0	$0
ZARA INGILIZIAN	DIRECTOR	1.00	Director	$0	$0	$0
ANA HAMMOCK	CHIEF LENDING OFFICER	40.00	Officer	$241,866	$0	$241,866
JOSHUA BRACKETT	CFO	40.00	Officer	$146,666	$16,076	$162,742
PAUL QUINTERO	CEO	40.00	Officer	$438,111	$28,948	$467,059
ANDREA IERACE	VP OF LENDING	40.00	Highest	$176,998	$11,224	$188,222
FABIANA A ESTRADA	DIRECTOR OF LENDING	40.00	Highest	$171,609	$22,308	$193,917
JENNIFER SPAZIANO	V.P. TECH & INNOVATION	40.00	Highest	$181,352	$0	$181,352
RODRIGO CERVEIRA	V.P. CREDIT RISK & LOAN SE	40.00	Highest	$168,764	$30,088	$198,852
VICTORIA N RICHARDSON	V.P OF DEVELOPMENT & COMMU	40.00	Highest	$171,035	$27,672	$198,707

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	No data	No data	No data	No data
2023	$10,641,559	$13,189,359	$44,490,956	$-2,547,800
2022	$13,403,959	$9,060,343	$40,451,243	$4,343,616
2021	$14,588,685	$7,834,012	$45,777,812	$6,754,673
2020	$12,382,085	$9,171,180	$32,987,328	$3,210,905
2019	$7,058,220	$8,945,104	$22,639,228	$-1,886,884
2018	$7,190,046	$11,366,921	$24,177,499	$-4,176,875

ASCENDUS INC