FRIENDS OF ACE

EIN: 270050961 501(c)(3) Education

RENO, NV

Total Revenue
$230,594
Total Expenses
$41,830
Total Assets
$1,269,981
Net Assets
$1,269,981
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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
2003
Legal Domicile
NV
Principal Officer
MARGARET CAVIN
Phone
7753243900
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF ACE, founded in 2003, is a small nonprofit in the Education sector that reported $231K in total revenue in fiscal year 2024. The organization ran a surplus of $189K, a strong 82% operating margin.

Mission

PROVIDE FINANCIAL AND ADMINISTRATIVE ASSISTANCE TO ACE HIGH SCHOOL ( A CHARTERED HIGH SCHOOL WITH A CONSTRUCTION TRADE CURRICULUM)

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $222,100
Program Service Revenue $0
Investment Income $8,494
Other Revenue $0
TOTAL REVENUE $230,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $41,830
TOTAL EXPENSES $41,830

Year-over-Year Comparison

2024 2023 Change
Revenue $230,594 N/A N/A
Expenses $41,830 N/A N/A
Net Income $188,764 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL GEORGESON DIRECTOR 2.00
Director
$0 $0 $0
MARGARET CAVIN PRESIDENT 2.00
Officer
$0 $0 $0
RICK REVIGLIO TREASURER 2.00
Officer
$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 $230,594 $41,830 $1,269,981 $188,764
2024 $204,085 $88,364 $1,081,217 $115,721
2023 $88,796 $115,259 $965,496 $-26,463
2022 $171,231 $46,836 $991,959 $124,395
2021 $111,819 $35,860 $867,564 $75,959
2020 $38,740 $163,903 $791,605 $-125,163
2019 $234,025 $60,453 $916,768 $173,572
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