ASE Education and Research Foundation Inc

EIN: 431972597 501(c)(3) Philanthropy & Grantmaking

Durham, NC

Total Revenue
$250,686
Total Expenses
$307,339
Total Assets
$2,824,780
Net Assets
$2,824,780
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NC
Principal Officer
Robin L Wiegerink
Phone
9192977165
Tax Period
2023-01-01 to 2023-12-31

ASE Education and Research Foundation Inc, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $251K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $307K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS FOR THOSE INTERESTED IN THE FIELD OF ECHOCARDIOGRAPHY AND HEALTHCARE AND FUND OTHER CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES RELATED TO THE FIELD OF ECHOCARDIOGRAPHY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $185,035
Program Service Revenue $0
Investment Income $-29,227
Other Revenue $94,878
TOTAL REVENUE $250,686

Expense Breakdown

Grants Paid $136,364
Salaries & Benefits $129,418
Fundraising Expenses $0
Program Expenses $155,675
Other Expenses $41,557
TOTAL EXPENSES $307,339

Year-over-Year Comparison

2023 2022 Change
Revenue $250,686 $539,644 -0.5%
Expenses $307,339 $204,640 +0.5%
Net Income $-56,653 $335,004 -1.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
35

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
5
$284,250
Total Directors
10
$3,750
Key Employees
1
$176,015
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES KIRKPATRICK MD FASE CHAIR 3.00
Officer Director
$0 $0 $0
DAVID WIENER MD FASE VICE CHAIR 1.00
Officer Director
$0 $0 $0
THEODORE ABRAHAM MD FASE VICE CHAIR 1.00
Officer Director
$0 $0 $3,000
CYNTHIA TAUB MD FASE TREASURER 1.00
Officer Director
$0 $0 $750
JONATHAN LINDNER MD FASE BOARD MEMBER 1.00
Director
$0 $0 $0
NAUSHEEN AKHTER MD FASE BOARD MEMBER 1.00
Director
$0 $0 $0
MERRI BREMEREdD RN ACS RDCS FASE BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH COLLINS MS RDCS FASE BOARD MEMBER 1.00
Director
$0 $0 $0
BHARATBHUSHAN PATEL RDCS RVS RDMS BOARD MEMBER 1.00
Director
$0 $0 $0
QIONG ZHAO PhD FASE BOARD MEMBER 1.00
Director
$0 $0 $0
ROBIN WIEGERINK MNLP CEO 3.00
Officer
$0 $21,281 $280,500
ANDREA VAN HOEVER DEPUTY DIRECTOR 8.00
Key Emp
$0 $16,471 $176,015
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 $250,686 $307,339 $2,824,780 $-56,653
2022 $539,644 $204,640 $2,562,835 $335,004
2021 $412,522 $304,472 $2,590,769 $108,050
2020 $699,037 $159,169 $2,355,439 $539,868
2019 $976,606 $927,060 $1,900,563 $49,546
2018 $415,934 $270,727 $1,685,136 $145,207
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ASE Education and Research Foundation Inc with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.