Aspire Foundation 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

1989

Legal Domicile

Principal Officer

Rebecca Ronayne

Phone

6052290263

Tax Period

2024-07-01 to 2025-06-30

Aspire Foundation Inc, founded in 1989, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 79% operating margin.

Mission

The Aspire Foundation actively seeks and manages charitable contributions to support the mission of Aspire.

Program Service Accomplishments

Program 1

Expenses: $51,128 Revenue: $1,300

Money used to actively seek and manage donations and raise awareness to support our mission.

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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 $130,628

Program Service Revenue $1,300

Investment Income $68,465

Other Revenue $56,342

TOTAL REVENUE $256,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,441

Fundraising Expenses $0

Program Expenses $51,128

Other Expenses $6,821

TOTAL EXPENSES $54,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,735	$210,461	+0.2%
Expenses	$54,262	$50,211	+0.1%
Net Income	$202,473	$160,250	+0.3%

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

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
Jennifer Gray	Executive Director	1.00	Officer	$0	$0	$0
Janae Hamilton	Development Director	20.00	Officer	$0	$0	$0
Duane Sutton	President	1.00	Officer Director	$0	$0	$0
Kelli Fischer	Vice President	1.00	Officer Director	$0	$0	$0
Rebecca Ronayne	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Eldon Swingler	Director	1.00	Director	$0	$0	$0
Larry Olson	Director	1.00	Director	$0	$0	$0
Ryan Schimke	Director	1.00	Director	$0	$0	$0
Dave Taffe	Director	1.00	Director	$0	$0	$0
Mike Carrels	Director	1.00	Director	$0	$0	$0
Zach Harry	Director	1.00	Director	$0	$0	$0
Pierce Kettering	Director (July-Oct)	1.00	Director	$0	$0	$0
Tom Paepke	Director (thru Sept)	1.00	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	$256,735	$54,262	$1,018,795	$202,473
2024	$210,461	$50,211	$799,545	$160,250
2023	$128,584	$44,247	$569,934	$84,337