ASCEND STL INC (EIN 431844396) - 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

1999

Legal Domicile

Principal Officer

SAMUEL COLEMAN

Phone

3142864232

Tax Period

2024-10-01 to 2025-09-30

ASCEND STL INC, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $47K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $726K exceeded revenue, resulting in a 1435% operating deficit.

Mission

LOW INCOME HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $20,304

Other Revenue $27,000

TOTAL REVENUE $47,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $576,282

Other Expenses $726,065

TOTAL EXPENSES $726,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,304	$417,751	-0.9%
Expenses	$726,065	$1,210,951	-0.4%
Net Income	$-678,761	$-793,200	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL COLEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
VONTRIECE MCDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
LATASHA BARNES	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0

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	$47,304	$726,065	$17,070,846	$-678,761
2024	$417,751	$1,210,951	$17,749,638	$-793,200
2023	$33,995	$721,914	$18,542,807	$-687,919
2022	$150,948	$650,140	$19,230,726	$-499,192
2021	$25,029	$603,455	$19,739,564	$-578,426
2020	$139,096	$703,461	$20,333,792	$-564,365
2019	$113,827	$737,442	$20,880,495	$-623,615
2018	$463,460	$703,602	$21,503,867	$-240,142

ASCEND STL INC