Ascendium Education Group 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

1967

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $4,512,417

Impact investing is one of the key ways we accomplish our mission to champion opportunity for everyone. Our investments advance change to postsecondary education and workforce training systems...

Impact investing is one of the key ways we accomplish our mission to champion opportunity for everyone. Our investments advance change to postsecondary education and workforce training systems through new technologies and solutions so more learners can achieve their academic and career goals through Education related venture equity investments.

Program 2

Expenses: $2,345,043 Revenue: $1,186,288

ASCENDIUM EDUCATION GROUP, INC. OPERATES FOR THE SUPPORT AND BENEFIT OF ASCENDIUM EDUCATION SOLUTIONS, INC. (SOLUTIONS). SOLUTIONS SUPPORTS INCREASED ACCESS TO AND SUCCESS IN POSTSECONDAY EDUCATION AS A NATIONAL GRANTMAKER, A FEDERAL STUDENT LOAN GUARANTY AGENCY AND A PROVIDER OF STUDENT SUCCESS 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 (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

Governance

Voting Members

Independent Members

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

$3,558,814

Total Directors

$1,122,982

Key Employees

Highest Compensated

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