FRIENDS OF ASCENSION CATHOLIC GRADE SCHOOL (EIN 271530388) - 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

2009

Legal Domicile

Principal Officer

SUSAN COLIANNI

Phone

6124246202

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF ASCENSION CATHOLIC GRADE SCHOOL, founded in 2009, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 175% from the prior year, signaling strong growth momentum. Net assets of $4.3M represent 34 months of operating reserves.

Mission

TO RAISE FUNDS FOR ASCENSION CATHOLIC GRADE SCHOOL.

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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 $508,399

Program Service Revenue $0

Investment Income $1,003,492

Other Revenue $0

TOTAL REVENUE $1,511,891

Expense Breakdown

Grants Paid $1,508,399

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,508,399

Other Expenses $25,084

TOTAL EXPENSES $1,533,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,511,891	$549,416	+1.8%
Expenses	$1,533,483	$755,891	+1.0%
Net Income	$-21,592	$-206,475	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN COLIANNI	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PATRICIA A STROMEN	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JAN CONLIN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN IMHOLTE	DIRECTOR	1.00	Director	$0	$0	$0
DALE KOROGI	DIRECTOR	1.00	Director	$0	$0	$0
ANN DAYTON	DIRECTOR	1.00	Director	$0	$0	$0
SHARON RYAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK RAUENHORST	DIRECTOR	1.00	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
2025	$1,511,891	$1,533,483	$4,308,091	$-21,592
2024	$549,416	$755,891	$4,856,981	$-206,475
2023	$545,578	$407,527	$4,420,163	$138,051
2022	$574,793	$896,048	$3,954,184	$-321,255
2021	$290,861	$681,470	$4,875,991	$-390,609
2020	$652,263	$1,724,303	$3,942,984	$-1,072,040
2019	$1,711,517	$2,445,186	$5,272,567	$-733,669
2018	$528,398	$1,375,958	$6,022,449	$-847,560

FRIENDS OF ASCENSION CATHOLIC GRADE SCHOOL