VOICES OF ASCENSION INC (EIN 133668472) - 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

1991

Legal Domicile

Principal Officer

PHYLLIS JO KUBEY

Phone

2123581469

Tax Period

2024-07-01 to 2025-06-30

VOICES OF ASCENSION INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $612K, a strong 33% operating margin.

Mission

VOICES OF ASCENSION IS A NEW YORK CITY-BASED PROFESSIONAL CHORAL ENSEMBLE DEDICATED TO ADVANCING THE ART OF CHORAL MUSIC BY BRIDGING HISTORICAL EXCELLENCE WITH BOLD NEW CREATION. THROUGH PERFORMANCES, COMMISSIONS, AND COMMUNITY ENGAGEMENT, WE UPLIFT CONTEMPORARY COMPOSERS, NURTURE NEW ARTISTIC LEADERSHIP, AND CREATE TRANSFORMATIVE MUSICAL EXPERIENCES THAT CONNECT AUDIENCES ACROSS GENERATIONS AND CULTURES.

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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 $1,077,394

Program Service Revenue $207,463

Investment Income $592,890

Other Revenue $-25,091

TOTAL REVENUE $1,852,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $847,230

Fundraising Expenses $124,814

Program Expenses $946,360

Other Expenses $392,986

TOTAL EXPENSES $1,240,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,852,656	$1,531,863	+0.2%
Expenses	$1,240,216	$1,135,373	+0.1%
Net Income	$612,440	$396,490	+0.5%

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

$119,069

Total Directors

$5,387

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS KEENE	ARTISTIC DIR	40.00	Officer	$74,534	$0	$74,534
JONATHAN BRADLEY	EXECUTIVE DI	40.00	Officer	$41,596	$0	$41,596
PHYLLIS JO KUBEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANA SOLOMON-GLOVER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOHN GRIMES	TREASURER	2.00	Officer Director	$0	$0	$0
MELISSA BYBEE	SECRETARY	2.00	Officer Director	$2,939	$0	$2,939
BARBARA CHACOUR	TRUSTEE	2.00	Director	$0	$0	$0
PETER CLARK	TRUSTEE	2.00	Director	$0	$0	$0
DIANE LESSER	TRUSTEE	2.00	Director	$2,448	$0	$2,448
LILY NGARUIYA	TRUSTEE	2.00	Director	$0	$0	$0
WENDE PERSONS	TRUSTEE	2.00	Director	$0	$0	$0
JAY SHAH	TRUSTEE	2.00	Director	$0	$0	$0
READE RYAN	RESIGNED 6.1	2.00	Director	$0	$0	$0
MARY GAILLARD	RESIGNED 6.1	2.00	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
2025	$1,852,656	$1,240,216	$3,677,204	$612,440
2024	No data	No data	No data	No data
2023	$1,351,459	$1,196,505	$2,626,486	$154,954
2022	$1,664,490	$1,059,179	$2,283,030	$605,311
2021	$789,525	$690,713	$2,040,620	$98,812
2020	$925,420	$753,673	$1,685,312	$171,747

VOICES OF ASCENSION INC