ACE FOUNDATION INC (EIN 260302036) - 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

2007

Legal Domicile

Principal Officer

MR DANIEL DIAZ

Phone

3056692906

Tax Period

2023-01-01 to 2023-12-31

ACE FOUNDATION INC, founded in 2007, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $995K left a modest 9% surplus.

Mission

THE MISSION OF THE FOUNDATION IS TO ENHANCE THE EDUCATIONAL OPPORTUNITIES OF CHARTER SCHOOL STUDENTS BY PROVIDING FINANCIAL AND COMMUNITY-BASED RESOURCES TO SUPPLEMENT CHARTER SCHOOL PROGRAMS AND INITIATIVES.THE ACE FOUNDATION WAS ESTABLISHED TO SUPPORT EDUCATIONAL PROJECTS AND EVENTS THAT ENHANCE THE PUBLIC EDUCATION SYSTEM AND INCREASE STUDENT ACHIEVEMENT.THE PURPOSE OF THE ORGANIZATION IS TO ALLOCATE RESOURCES TO IMPROVE THE EDUCATION EFFORT THROUGH INITIATIVES SUCH AS TEACHER AND SCHOOL GRANTS, AND RECOGNITION OF EDUCATIONAL EXCELLENCE. THEORGANIZATION CONDUCTS FUNDRAISING ACTIVITIES AND SPONSORS ANNUAL EVENTSSUCH AS ART AUCTIONS/RECOGNITION CEREMONIES TO RAISE FUNDS FOREDUCATIONAL NOT-FOR-PROFIT ENTITIES IN THE COMMUNITY.

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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 $1,097,700

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,097,700

Expense Breakdown

Grants Paid $26,262

Salaries & Benefits $308,925

Fundraising Expenses $0

Program Expenses $984,740

Other Expenses $660,032

TOTAL EXPENSES $995,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,097,700	$2,078,496	-0.5%
Expenses	$995,219	$1,061,205	-0.1%
Net Income	$102,481	$1,017,291	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR CHARLES A GIBSON	DIRECTOR, PRESIDENT	5.00	Officer Director	$0	$0	$0
MS ANA MARIA ZULUETA	DIRECTOR	1.00	Director	$0	$0	$0
MS LILIAN ZULUETA	DIRECTOR	1.00	Director	$0	$0	$0
MS ELEONORA CUESTA	SECRETARY, DIRECTOR	6.00	Officer Director	$0	$0	$0
MR RYAN REEVES	TREASURER, DIRECTOR	6.00	Officer Director	$0	$0	$0
MS ATHENA GUILLEN	DIRECTOR	1.00	Director	$0	$0	$0
MS SUSIE DOPICO	DIRECTOR	1.00	Director	$0	$0	$0
MR DANIEL DIAZ	EXECUTIVE DIRECTOR	14.00	Officer Director	$0	$0	$0
MS ANITERE FLORES	DIRECTOR OF DEVELOPMENT	40.00	Highest	$150,000	$0	$150,000
SHANNIE SADESKY	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$133,723	$0	$133,723

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	$1,097,700	$995,219	$1,302,294	$102,481
2022	$2,078,496	$1,061,205	$1,199,813	$1,017,291
2021	$405,816	$393,856	$187,474	$11,960
2020	$562,946	$527,537	$223,585	$35,409
2019	$688,633	$785,952	$145,840	$-97,319
2018	$3,651,332	$3,736,092	$264,023	$-84,760

ACE FOUNDATION INC