ASE EDUCATION FOUNDATION (EIN 362957357) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

MICHAEL G COLEY

Phone

7036696677

Tax Period

2023-01-01 to 2023-12-31

ASE EDUCATION FOUNDATION, founded in 1975, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2020. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

THE ASE EDUCATION FOUNDATION ACCREDITS HIGH SCHOOL AND POST-SECONDARY INSTITUTIONS AUTOMOTIVE SERVICE TECHNOLOGY PROGRAMS VIA A STANDARDIZED PEER REVIEW PROCESS. THE ASE EDUCATION FOUNDATION ALSO SUPPORTS AUTOMOTIVE SERVICE TECHNOLOGY INSTRUCTORS BY HOLDING ANNUAL INSTRUCTOR TRAINING CONFERENCES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,288,299

Program Service Revenue $897,010

Investment Income $27,137

Other Revenue $0

TOTAL REVENUE $2,212,446

Expense Breakdown

Grants Paid $16,120

Salaries & Benefits $1,128,050

Fundraising Expenses $0

Program Expenses $2,097,765

Other Expenses $1,673,738

TOTAL EXPENSES $2,817,908

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,212,446	$2,220,296	0.0%
Expenses	$2,817,908	$2,647,157	+0.1%
Net Income	$-605,462	$-426,861	+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

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

$307,087

Total Directors

$307,087

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL G COLEY	PRESIDENT	40.00	Officer Director	$252,700	$54,387	$307,087
MICHAEL GODSON	PAST CHAIR	1.00	Director	$0	$0	$0
FAY WATTS	DIRECTOR	1.00	Director	$0	$0	$0
TREY MICHAEL	CHAIR	1.00	Officer Director	$0	$0	$0
JOELLE POLLAK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIMOTHY A ZILKE	PRESIDENT & CEO	1.00	Officer Director	$0	$0	$0
MITCH BECKER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNY KOVACS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KENAR	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS BLANCHETTE	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY KOSCHKEE	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD ABRAHAMS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN COLLEGIO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LACROIX	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
DREW JABLONOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PLAYL JR	DIRECTOR	1.00	Director	$0	$0	$0
CHELLE TRAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JIM SENNETT	DIRECTOR	1.00	Director	$0	$0	$0
DWAYNE MYERS	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN BELL	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA VASSALLO	DIRECTOR	1.00	Director	$0	$0	$0
JARED RICART	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE ARRANTS	VICE PRESIDENT	40.00	Highest	$138,100	$30,463	$168,563

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	$2,212,446	$2,817,908	$2,235,266	$-605,462
2022	$2,220,296	$2,647,157	$2,293,152	$-426,861
2021	$1,820,182	$1,918,122	$2,866,454	$-97,940
2020	$1,501,913	$1,468,226	$2,973,089	$33,687

ASE EDUCATION FOUNDATION