ASCENDING LIGHT FOUNDATION INC

EIN: 473545623 501(c)(3) Human Services

HUNTINGDON VLY, PA

Total Revenue
$1
Total Expenses
$258
Total Assets
$206,017
Net Assets
$206,017
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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
2015
Principal Officer
RAMAZI GOTSIRIDZE
Phone
2157457777
Tax Period
2021-01-01 to 2021-12-31

ASCENDING LIGHT FOUNDATION INC, founded in 2015, is a micro nonprofit in the Human Services sector that reported $1 in total revenue in fiscal year 2021. Expenses of $258 exceeded revenue, resulting in a 25700% operating deficit.

Mission

MAKE GRANTS TO THE POOR AND OTHERWISE DISADVANTAGED CHILDRENA ND THEIR FAMILIES. PROVIDE EDUCATION AND COUNSELING FOR PERSONS OF GEORGIAN ANCESTRY WHO WISH TO INTEGRATE FULLY INTO AMERICAN SOCIETY. PROVIDE EDUCATION AND OTHER SERVICES RELATED TO EMPLOYMENT, JOB TRAINING AND OTHER ASPECTS OF HUMAN RESOURCES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $258
Other Expenses $258
TOTAL EXPENSES $258

Year-over-Year Comparison

2021 2020 Change
Revenue $1 $-780,565 -1.0%
Expenses $258 N/A N/A
Net Income $-257 $-780,565 -1.0%
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
1
Independent Members
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAMAZI GOTSIRIDZE PRESIDENT N/A
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
2021 $1 $258 $206,017 $-257
2020 $-780,565 No data $206,274 No data
2018 $299 $1,041 $998,794 $-742
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