Ascension Worship Inc

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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

2010

Legal Domicile

Tax Period

2018-01-01 to 2018-12-31

Ascension Worship Inc, founded in 2010, is a small nonprofit that reported $270K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. Expenses of $257K left a modest 5% surplus.

Mission

Religious organization that puts on concerts and conferences and supplies mucicians for other religious gatherings in an attempt to encourage the church and grow the Kingdom of God.

Program Service Accomplishments

Program 1

Expenses: $234,282 Revenue: $270,325

The service has grown its network to a multitude of churchs providing music to the churchs attendees. Ascension has built its network to provide musicians from various locations to churchs during a time from any particular musician. Ascension is providing a fill in service for churchs to replace a musician on leave.

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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 (2018)

Revenue Breakdown

Contributions & Grants $22,530

Program Service Revenue $245,606

Investment Income $0

Other Revenue $2,189

TOTAL REVENUE $270,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,168

Fundraising Expenses $6,366

Program Expenses $234,282

Other Expenses $213,461

TOTAL EXPENSES $256,629

Year-over-Year Comparison

	2018	2017	Change
Revenue	$270,325	$292,904	-0.1%
Expenses	$256,629	$315,479	-0.2%
Net Income	$13,696	$-22,575	-1.6%

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
Jamie H Miley	Chief Executive Officer	25.00	Officer	$0	$0	$0
Mark A Foster	Chief Operating Officer	10.00	Officer	$0	$0	$0
Jim Callaway	Vice President	10.00	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
2018	$270,325	$256,629	$19,312	$13,696