THE ASCENT PROJECT INC (EIN 271148162) - 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

2017

Legal Domicile

Principal Officer

HOPE BOLDON

Phone

4048479447

Tax Period

2023-01-01 to 2023-12-31

THE ASCENT PROJECT INC, founded in 2017, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

DEVELOPING A LEGACY OF HEALTHY COMMUNITIES BY SUPPORTING THE POTENTIAL OF CHILDREN AND FAMILIES VIA EDUCATIONAL ORGANIZATION.

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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 $595,578

Program Service Revenue $488,625

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,084,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $542,305

Fundraising Expenses $0

Program Expenses $1,061,901

Other Expenses $525,691

TOTAL EXPENSES $1,067,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,084,203	$904,321	+0.2%
Expenses	$1,067,996	$770,526	+0.4%
Net Income	$16,207	$133,795	-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

$172,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC PINCKNEY	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT EASTERLING	BOARD PRESIDENT (UNTIL 5/2023)	2.00	Officer Director	$0	$0	$0
RIAN SMITH	BOARD VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRI BOLDON	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN RAMLALL-ABBOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
SHANNON JUDD	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINIA CUNNINGHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
MAMIE JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
KADY DEWIT	BOARD MEMBER	2.00	Director	$0	$0	$0
HOPE BOLDON	EXECUTIVE DIRECTOR	40.00	Officer	$50,400	$0	$50,400
JILL MITCHELL	PROGRAM DIRECTOR	40.00	Officer	$116,275	$5,952	$122,227

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	$1,084,203	$1,067,996	$229,810	$16,207
2022	$900,896	$901,980	$68,426	$-1,084
2022	$904,321	$770,526	$203,305	$133,795
2021	$629,215	$644,112	$71,308	$-14,897
2020	$491,493	$409,083	$89,553	$82,410
2019	$297,676	$300,483	$3,772	$-2,807

THE ASCENT PROJECT INC