ASCENT ACADEMIES OF UTAH

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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

2013

Legal Domicile

Principal Officer

WADE GLATHAR

Phone

3852750909

Tax Period

2024-07-01 to 2025-06-30

ASCENT ACADEMIES OF UTAH, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $36.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $35.0M left a modest 5% surplus.

Mission

ASCENT ACADEMIES OF UTAH'S SCHOOLS UTILIZE THE SCHOOLWIDE ENRICHMENT MODEL TO BUILD A STRONG EDUCATIONAL FOUNDATION AND TO PROVIDE AN ENRICHING, INDIVIDUALIZED AND VARIED EDUCATIONAL EXPERIENCE TO ALL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $29,359,600 Revenue: $589,532

ASCENT ACADEMIES OF UTAH WILL ACCOMPLISH ITS MISSION BY OFFERING EACH STUDENT AN OPPORTUNITY TO FIND AND DEVELOP HIS OR HER OWN UNIQUE PROFILE OF GIFTS AND TALENTS AND BY PROVIDING ALL EMPLOYEES WITH EXCEPTIONAL DEVELOPMENT OPPORTUNITIES THROUGH PROFESSIONAL LEARNING COMMUNITIES, NETWORKING, AND PARTNERSHIPS.

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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 $35,420,566

Program Service Revenue $589,532

Investment Income $699,385

Other Revenue $107,262

TOTAL REVENUE $36,816,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,359,600

Other Expenses $34,995,569

TOTAL EXPENSES $34,995,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,816,745	$33,676,412	+0.1%
Expenses	$34,995,569	$33,396,408	+0.0%
Net Income	$1,821,176	$280,004	+5.5%

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

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
CHRIS BLEAK	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
STUART ADAMS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TYLER SCHVANEVELDT	FINANCIAL COORDINATOR	2.00	Officer Director	$0	$0	$0
JAMES HORTON	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE GREENHALGH	BOARD MEMBER	2.00	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	$36,816,745	$34,995,569	$88,271,956	$1,821,176
2024	No data	No data	No data	No data
2023	$30,563,570	$30,390,004	$65,460,102	$173,566
2022	$23,013,435	$25,369,269	$50,625,594	$-2,355,834
2021	$23,146,389	$25,006,936	$46,487,999	$-1,860,547
2020	$21,756,457	$22,901,482	$48,778,054	$-1,145,025
2019	$20,205,309	$20,751,284	$49,898,639	$-545,975
2018	$16,559,880	$13,964,991	$38,206,032	$2,594,889