Ascendium Education Solutions Inc (EIN 391853833) - 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

1996

Legal Domicile

Phone

6087332559

Tax Period

2023-01-01 to 2023-12-31

Ascendium Education Solutions Inc, founded in 1996, is a major nonprofit in the Education sector that reported $298.2M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $178.7M, a strong 60% operating margin.

Mission

SUPPORTS INCREASED ACCESS TO AND SUCCESS IN POST-SECONDARY 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 $284,947,927

Investment Income $9,122,893

Other Revenue $4,121,826

TOTAL REVENUE $298,192,646

Expense Breakdown

Grants Paid $73,002,419

Salaries & Benefits $15,716,246

Fundraising Expenses $0

Program Expenses $97,175,870

Other Expenses $30,785,852

TOTAL EXPENSES $119,504,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,192,646	$388,928,491	-0.2%
Expenses	$119,504,517	$166,575,071	-0.3%
Net Income	$178,688,129	$222,353,420	-0.2%

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

162

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

$1,799,135

Total Directors

$1,058,182

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR	3.0	Director	$19,400	$0	$19,400
N/A	DIRECTOR, SECRETARY	1.0	Director	$9,700	$0	$19,400
N/A	DIRECTOR, VICE CHAIRMAN	1.0	Director	$9,700	$0	$19,400
N/A	DIRECTOR	1.0	Director	$9,700	$0	$19,400
N/A	DIRECTOR	1.0	Director	$9,700	$0	$19,400
N/A	DIRECTOR	1.0	Director	$11,900	$0	$23,800
N/A	CHAIRMAN & TREASURER	17.0	Director	$0	$56,216	$915,782
N/A	DIRECTOR	1.0	Director	$10,800	$0	$21,600
N/A	VP - REPAYMENT SOLUTIONS	45.0	Officer	$316,742	$35,823	$352,565
N/A	CHIEF FINANCIAL OFFICER	23.0	Officer	$0	$51,905	$471,616
N/A	VP - POL & REG COMPLIANCE	44.0	Officer	$314,735	$53,430	$368,165
N/A	PRES/CEO-AES	30.0	Officer	$557,987	$48,802	$606,789
N/A	DIRECTOR - CLAIMS REVIEW	45.0	Highest	$165,466	$29,502	$194,968
N/A	ATTIGO SR MKTG STRATEGIST	45.0	Highest	$147,018	$43,405	$190,423
N/A	DIRECTOR - RECOVERY ADMIN	45.0	Highest	$146,029	$43,471	$189,500
N/A	SYSTEMS ANALYST	45.0	Highest	$177,213	$44,733	$221,946
N/A	NATIONAL SALES DIRECTOR	45.0	Highest	$142,508	$44,947	$187,455

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	$298,192,646	$119,504,517	$351,464,064	$178,688,129
2022	$388,928,491	$166,575,071	$289,805,860	$222,353,420
2021	$467,309,203	$204,796,432	$170,907,364	$262,512,771
2020	$427,280,088	$313,241,055	$288,144,309	$114,039,033
2019	$511,268,683	$319,237,947	$284,705,811	$192,030,736
2018	$222,804,138	$132,565,215	$663,920,334	$90,238,923

Ascendium Education Solutions Inc