ASCENSION CLASSICAL SCHOOL

EIN: 471420633 501(c)(3)

SHREVEPORT, LA

Total Revenue
$2,203,832
Total Expenses
$1,540,276
Total Assets
$6,522,049
Net Assets
$4,582,385
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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
2014
Legal Domicile
LA
Principal Officer
TONY WELTY
Phone
3189468089
Tax Period
2024-07-01 to 2025-06-30

ASCENSION CLASSICAL SCHOOL, founded in 2014, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $664K, a strong 30% operating margin.

Mission

OUR MISSION IS TO GLORIFY GOD THROUGH CHRIST-CENTERED EDUCATION. WE STRIVE TO SERVE CHILDREN AND PARENTS BY PROVIDING A BIBLICAL, CLASSICAL, AND COMPREHENSIVE CURRICULUM. BY INSTILLING A LIFELONG PASSION FOR LEARNING, WE AIM TO CULTIVATE SERVANT LEADERS WHO LOVE GOD WITH ALL THEIR HEART, SOUL, MIND, AND STRENGTH.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $964,671
Program Service Revenue $1,163,746
Investment Income $47,312
Other Revenue $28,103
TOTAL REVENUE $2,203,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $869,373
Fundraising Expenses $59,291
Program Expenses $1,338,834
Other Expenses $670,903
TOTAL EXPENSES $1,540,276

Year-over-Year Comparison

2024 2023 Change
Revenue $2,203,832 $1,627,142 +0.4%
Expenses $1,540,276 $1,620,728 0.0%
Net Income $663,556 $6,414 +102.5%
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

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Governance

Voting Members
6
Independent Members
4
Employees
35
Volunteers
50

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
6
$75,849
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS REA TREASURER/BOARD MEMBER 9.00
Officer Director
$0 $0 $0
LAURA WILLIAMS SECRETARY/BOARD MEMBER 3.00
Officer Director
$0 $0 $0
CHRIS BURFORD VICE CHAIRMAN/BOARD MEMBER 3.00
Officer Director
$0 $0 $0
STEVE WALLACE CHAIRMAN/BOARD MEMBER 3.00
Officer Director
$0 $0 $0
TERRI EARNEST FORMER BOARD MEMBER 3.00
Director
$0 $0 $0
SETH THOMAS FORMER BOARD MEMBER 3.00
Director
$0 $0 $0
TYLER LASH BOARD MEMBER 3.00
Director
$0 $0 $0
KATIE GARCIA BOARD MEMBER 3.00
Director
$0 $0 $0
KATY HATHORN FORMER INTERIM HEAD OF SCHOOL 40.00
Officer
$75,849 $0 $75,849
TONY WELTY PRESIDENT 40.00
Officer
$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 $2,203,832 $1,540,276 $6,522,049 $663,556
2024 $1,627,142 $1,620,728 $5,984,740 $6,414
2023 $1,444,488 $1,557,679 $6,080,609 $-113,191
2022 $2,350,317 $1,085,744 $6,300,624 $1,264,573
2021 $764,812 $961,165 $5,223,066 $-196,353
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