ASCENDING TO HEALTH RESPITE CARE INC (EIN 274584911) - 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

2011

Legal Domicile

Principal Officer

GREGORY MORRIS

Phone

7196332800

Tax Period

2023-01-01 to 2023-12-31

ASCENDING TO HEALTH RESPITE CARE INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 20% operating margin.

Mission

To DELIVER ACCESS TO RECUPERATIVE SHELTERING, QUALITY HEALTHCARE AND COMPREHENSIVE CASE MANAGEMENT IN AN EFFORT TO BREAK THE CYCLE OF HOMELESSNESS.

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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 $536,759

Program Service Revenue $268,199

Investment Income $435

Other Revenue $222,969

TOTAL REVENUE $1,028,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $563,109

Fundraising Expenses $0

Program Expenses $799,374

Other Expenses $263,697

TOTAL EXPENSES $826,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,028,362	$530,775	+0.9%
Expenses	$826,806	$748,677	+0.1%
Net Income	$201,556	$-217,902	-1.9%

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

$141,898

Total Directors

$141,898

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY MORRIS	PRESIDENT/CEO	40.0	Officer Director	$141,898	$0	$141,898
LYNN BEAULIEU MD	TREASURER	2.0	Officer Director	$0	$0	$0
ANNE BEER	SECRETARY	2.0	Officer Director	$0	$0	$0
REBECCA MCCAY	DIRECTOR	1.0	Director	$0	$0	$0
BILL LYONS	DIRECTOR	1.0	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
2023	$1,028,362	$826,806	$374,086	$201,556
2022	$530,775	$748,677	$176,139	$-217,902
2021	$836,062	$567,050	$384,988	$269,012
2020	$827,402	$854,245	$142,341	$-26,843
2019	$754,400	$698,888	$159,083	$55,512
2018	$463,082	$560,933	$108,450	$-97,851

ASCENDING TO HEALTH RESPITE CARE INC