ASCEND LEARNING INC (EIN 331200239) - 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

2008

Legal Domicile

Principal Officer

RECY DUNN

Phone

3474647600

Tax Period

2022-07-01 to 2023-06-30

ASCEND LEARNING INC, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $29.0M in total revenue in fiscal year 2022. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 17% operating margin.

Mission

ASCEND PROVIDES CHARTER SCHOOLS WITH EDUCATION, MANAGEMENT, AND FACILITY DEVELOPMENT SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,247,642

Program Service Revenue $16,627,850

Investment Income $96,566

Other Revenue $766

TOTAL REVENUE $28,972,824

Expense Breakdown

Grants Paid $3,546,263

Salaries & Benefits $11,952,338

Fundraising Expenses $525,187

Program Expenses $18,093,954

Other Expenses $8,527,746

TOTAL EXPENSES $24,026,347

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,972,824	$19,940,513	+0.5%
Expenses	$24,026,347	$16,494,029	+0.5%
Net Income	$4,946,477	$3,446,484	+0.4%

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

129

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

$1,190,337

Total Directors

Key Employees

$969,914

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA BATOR	CHAIR	2.00	Officer Director	$0	$0	$0
KEMI AKINSANYA-ROSE	TREASURER	2.00	Officer Director	$0	$0	$0
ISABEL GEATHERS	SECRETARY	2.00	Officer Director	$0	$0	$0
BROOKE DANIELS	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL PARRA	DIRECTOR	2.00	Director	$0	$0	$0
PETER MAY	DIRECTOR	2.00	Director	$0	$0	$0
SELINA IP	DIRECTOR	2.00	Director	$0	$0	$0
SYDNEY THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
RECY DUNN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$323,351	$8,836	$332,187
MARYANN LI	CHIEF OPERATING OFFICER	40.00	Officer	$243,426	$33,286	$276,712
DANIQUE DAY	CHIEF SCHOOLS OFFICER	40.00	Officer	$244,516	$24,154	$268,670
HOLLY CURTIS	CHIEF OF STAFF	40.00	Officer	$143,658	$17,679	$161,337
KATHERINE MCGRATH	GENERAL COUNSEL	40.00	Officer	$122,725	$28,706	$151,431
CHARLISE MANUEL	MANAGING DIRECTOR OF FINANCE	40.00	Key Emp	$202,031	$34,600	$236,631
ANASTASIA MICHALS	MANAGING DIRECTOR OF SCHOOLS	40.00	Key Emp	$181,662	$19,272	$200,934
ZONYA HICKS	MANAGING DIRECTOR OF SCHOOLS	40.00	Key Emp	$180,080	$2,773	$182,853
WINTANNA ABAI	MANAGING DIRECTOR OF SCHOOLS	40.00	Key Emp	$173,487	$15,486	$188,973
DANA EVANS-MULLER	MANAGING DIRECTOR OF SAFETY AND FACILITIES	40.00	Key Emp	$158,848	$1,675	$160,523
RAUL ECHEVERZ	DIRECTOR, SCHOOL PROJECTS AND CONSTRUCTION	40.00	Highest	$185,590	$400	$185,990
RAYMOND JOHNSON	MANAGING DIRECTOR OF NETWORK OPERATIONS	40.00	Highest	$155,170	$19,661	$174,831
ANJYA THOMAS	CHIEF CURRICULUM AND INSTRUCTIONAL OFFICER	40.00	Highest	$142,805	$13,571	$156,376
AARON OBROCHTA	MANAGING DIRECTOR OF TALEN	40.00	Highest	$138,078	$48,599	$186,677
BENTY GEORGE	MANAGING DIRECTOR OF TECHNOLOGY	40.00	Highest	$151,570	$31,776	$183,346
STEVEN WILSON	FORMER CEO	0.00		$135,402	$0	$135,402

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$28,972,824	$24,026,347	$17,436,580	$4,946,477
2022	$19,940,513	$16,494,029	$13,335,348	$3,446,484
2021	$20,246,927	$15,961,811	$10,949,837	$4,285,116
2020	$18,531,115	$17,458,936	$7,123,113	$1,072,179
2019	$15,729,314	$15,634,315	$5,063,864	$94,999
2018	$11,124,062	$11,506,361	$5,332,131	$-382,299

ASCEND LEARNING INC