ASE INC

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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

2001

Legal Domicile

Principal Officer

EVERETT MCCORVEY

Phone

8595097072

Tax Period

2024-01-01 to 2024-12-31

ASE INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $395K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 29% operating margin.

Mission

EDUCATING, PRESERVING AND PROMOTING THE AMERICAN SPIRITUAL ART FORM

Program Service Accomplishments

Program 1

Expenses: $276,643 Revenue: $276,643

MUSICAL PERFORMANCES, MASTER CLASS TEACHING, AND SALE OF CDS FOR THE PURPOSE OF EDUCATING ABOUT AND APPRECIATION FOR THE AMERICAN SPIRITUAL ART FORM.

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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 $121,989

Program Service Revenue $221,600

Investment Income $8,605

Other Revenue $42,325

TOTAL REVENUE $394,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $276,643

Other Expenses $279,348

TOTAL EXPENSES $279,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,519	$285,515	+0.4%
Expenses	$279,348	$230,786	+0.2%
Net Income	$115,171	$54,729	+1.1%

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
EVERETT MCCORVEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALICIA HELM	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
PEGGY STAMPS	BOARD MEMBER	4.00	Director	$0	$0	$0
MARK DAVIS	BOARD MEMBER	0.50	Director	$0	$0	$0
ANN GRUNDY	BOARD MEMBER	0.50	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
2024	$394,519	$279,348	$426,235	$115,171
2023	$285,515	$230,786	$299,464	$54,729
2022	$313,914	$275,080	$247,704	$38,834
2021	$104,457	$50,059	$205,097	$54,398
2020	$332,373	$283,718	$144,688	$48,655
2019	$214,609	$164,891	$143,244	$49,718
2018	$198,177	$161,598	$98,212	$36,579