Ascendium Education Group Inc

EIN: 391090394 501(c)(3) Education

MADISON, WI

Total Revenue
$78,403,388
Total Expenses
$12,531,647
Total Assets
$3,022,286,011
Net Assets
$3,016,519,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
WI
Phone
6087332500
Tax Period
2023-01-01 to 2023-12-31

Ascendium Education Group Inc, founded in 1967, is a mid-sized nonprofit in the Education sector that reported $78.4M in total revenue in fiscal year 2023. Revenue surged 210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65.9M, a strong 84% operating margin.

Mission

ASCENDIUM EDUCATION GROUP, INC. OPERATES FOR THE SUPPORT AND BENEFIT OF ASCENDIUM EDUCATION SOLUTIONS, INC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,186,288
Investment Income $77,207,155
Other Revenue $9,945
TOTAL REVENUE $78,403,388

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $16,004,166
Fundraising Expenses $0
Program Expenses $6,857,460
Other Expenses $-3,474,519
TOTAL EXPENSES $12,531,647

Year-over-Year Comparison

2023 2022 Change
Revenue $78,403,388 $25,305,849 +2.1%
Expenses $12,531,647 $70,596,121 -0.8%
Net Income $65,871,741 $-45,290,272 -2.5%
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

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Governance

Voting Members
12
Independent Members
10
Employees
117
Volunteers
N/A

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
9
$3,558,814
Total Directors
11
$1,122,982
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIR/PRES/CIO/TREAS 33.0
Officer Director
$859,566 $56,216 $915,782
N/A DIRECTOR, SECRETARY 2.0
Director
$9,700 $0 $19,400
N/A DIRECTOR, VICE CHAIRMAN 2.0
Director
$9,700 $0 $19,400
N/A DIRECTOR 3.0
Director
$17,200 $0 $17,200
N/A DIRECTOR 3.0
Director
$19,400 $0 $19,400
N/A DIRECTOR 2.0
Director
$9,700 $0 $19,400
N/A DIRECTOR 2.0
Director
$9,700 $0 $19,400
N/A DIRECTOR 2.0
Director
$11,900 $0 $23,800
N/A DIRECTOR 3.0
Director
$23,800 $0 $23,800
N/A DIRECTOR 2.0
Director
$10,800 $0 $21,600
N/A DIRECTOR 3.0
Director
$23,800 $0 $23,800
N/A VP - STRATEGIC COMMUNICATIONS 6.0
Officer
$288,046 $56,272 $344,318
N/A VP - INFO SECURITY AND TECH 12.0
Officer
$253,606 $48,540 $302,146
N/A CHIEF FINANCIAL OFFICER 27.0
Officer
$419,711 $51,905 $471,616
N/A CHIEF COMPLIANCE OFFICER 1.0
Officer
$0 $53,430 $368,165
N/A VP - EDUCATION PHILANTHROPY 44.0
Officer
$210,760 $29,812 $240,572
N/A DIRECTOR INTERNAL AUDIT 43.0
Officer
$251,257 $33,598 $284,855
N/A VP - HUMAN RESOURCES 12.0
Officer
$235,078 $42,574 $277,652
N/A GEN CNSL/CHIEF PRIVACY OFFICER/ASST SECRETARY 31.0
Officer
$299,538 $54,170 $353,708
N/A SENIOR SECURITY ARCHITECT 45.0
Highest
$177,767 $33,519 $211,286
N/A DIRECTOR - LEARNING AND IMPACT 45.0
Highest
$187,930 $23,561 $211,491
N/A MRG - HR TECHNOLOGY & COMP 45.0
Highest
$149,116 $44,132 $193,248
N/A DEPUTY GENERAL COUNSEL 45.0
Highest
$168,311 $42,322 $210,633
N/A SR IT ARCHITECTURAL ENGINEER 45.0
Highest
$155,382 $23,517 $178,899
N/A VP - EDUCATION PHILANTHROPY 44.0
$194,043 $19,462 $213,505
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 $78,403,388 $12,531,647 $3,022,286,011 $65,871,741
2022 $25,305,849 $70,596,121 $2,599,459,075 $-45,290,272
2021 $26,399,097 $5,594,270 $2,781,800,074 $20,804,827
2020 $30,305,077 $2,468,782 $2,297,580,826 $27,836,295
2019 $29,867,739 $2,064,066 $2,132,867,938 $27,803,673
2018 $128,791,379 $992,425 $1,090,091,290 $127,798,954
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