ASPIRE FOUNDATION (EIN 222554154) - 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

1984

Legal Domicile

Principal Officer

RENEE A FILIP

Phone

7165055560

Tax Period

2024-01-01 to 2024-12-31

ASPIRE FOUNDATION, founded in 1984, is a small nonprofit in the Diseases & Disorders sector that reported $381K in total revenue in fiscal year 2024. The organization ran a surplus of $200K, a strong 52% operating margin.

Mission

THE MISSION OF THE ASPIRE FOUNDATION IS TO ACCEPT, ADMINISTER AND INVEST ALL CHARITABLE FUNDS ON BEHALF OF ASPIRE AND TO SOLICIT FUNDING FOR FUTURE NEEDS. THE FOUNDATION IS A FULLY QUALIFIED 501(C)(3) CHARITABLE ORGANIZATION. ALL GIFTS TO THE FOUNDATION ARE TAX-DEDUCTIBLE AS PROVIDED BY LAW. ASPIRE'S MISSION IS TO SUPPORT CHILDREN AND ADULTS WITH DEVELOPMENTAL AND SIMILAR DISABILITIES, HELPING THEM TO LIVE THEIR LIVES TO THE FULLEST BY PROVIDING INDIVIDUALIZED ASSISTANCE BASED ON PERSONAL CHOICES.

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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 $227,637

Program Service Revenue $0

Investment Income $204,577

Other Revenue $-51,300

TOTAL REVENUE $380,914

Expense Breakdown

Grants Paid $42,969

Salaries & Benefits $0

Fundraising Expenses $18,282

Program Expenses $42,969

Other Expenses $138,282

TOTAL EXPENSES $181,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,914	$359,451	+0.1%
Expenses	$181,251	$149,233	+0.2%
Net Income	$199,663	$210,218	-0.1%

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

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

$642,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO ALBERT	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH PORTO	VICE PRESIDENT (2023-2024), TREASURER (2024-2025)	2.00	Officer Director	$0	$0	$0
GEORGIA DACHILLE	SECRETARY/TREASURER (RESIGNED JUNE 2024)	2.00	Officer Director	$0	$0	$0
PETER RICE	DIRECTOR (RESIGNED JUNE 2024)	1.00	Director	$0	$0	$0
JOHN EARSHEN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY GLEASON	DIRECTOR (RESIGNED JUNE 2024)	1.00	Director	$0	$0	$0
TIMOTHY MCPOLAND	DIRECTOR (RESIGNED JUNE 2024)	1.00	Director	$0	$0	$0
JACK WALSH III	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN NOSEK	DIRECTOR	1.00	Director	$0	$0	$0
NICHOL A EASTON-WALKIEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN WHITFORD	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH KELLER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SIMONS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD ARGENTERI	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN SCHOBERT	DIRECTOR	1.00	Director	$0	$0	$0
BETTY ZAWADA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
RENEE FILIP	EXECUTIVE VICE PRESIDENT	3.50	Officer	$0	$36,897	$382,912
JENNIFER BALL	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$17,522	$260,079

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	$380,914	$181,251	$3,538,644	$199,663
2023	$359,451	$149,233	$3,184,146	$210,218
2022	$317,564	$116,984	$2,737,639	$200,580
2021	$337,151	$116,142	$2,885,203	$221,009
2020	$209,974	$81,186	$2,493,457	$128,788
2019	$309,271	$196,940	$2,213,736	$112,331
2018	$267,174	$162,346	$1,886,868	$104,828

ASPIRE FOUNDATION