ASCENSION CHARITIES 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

2015

Legal Domicile

Phone

5024196020

Tax Period

2020-01-01 to 2020-12-31

ASCENSION CHARITIES INC, founded in 2015, is a small nonprofit that reported $320K in total revenue in fiscal year 2020. Revenue decreased 13% compared to the prior year. Expenses of $482K exceeded revenue, resulting in a 51% operating deficit.

Mission

OPERATE HALFWAY HOUSES FOR ADULTS IN KENTUCKY IN RECOVERY FROM ADDICTION TO ALCOHOL AND/OR DRUGS, PROVIDING NOT ONLY A SAFE AND SOBER ENVIRONMENT IN WHICH TO LIVE, BUT SUPERVISION, ASSISTANCE IN FINDING EMPLOYMENT, TEACHING LIFE SKILLS AND PROVIDING FOOD.

Program Service Accomplishments

Program 1

Expenses: $480,381

OPERATE HALFWAY HOUSES FOR ADULTS IN KENTUCKY IN RECOVERY FROM ADDICTION TO ALCOHOL AND/OR DRUGS, PROVIDING NOT ONLY A SAFE AND SOBER ENVIRONMENT IN WHICH TO LIVE, BUT SUPERVISION, ASSISTANCE IN...

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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 (2020)

Revenue Breakdown

Contributions & Grants $34,781

Program Service Revenue $284,838

Investment Income $0

Other Revenue $0

TOTAL REVENUE $319,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $480,381

Other Expenses $481,501

TOTAL EXPENSES $481,501

Year-over-Year Comparison

	2020	2019	Change
Revenue	$319,619	$365,932	-0.1%
Expenses	$481,501	$196,585	+1.4%
Net Income	$-161,882	$169,347	-2.0%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD BLACKBURN	Director	30.00	Director	$0	$0	$0
THOMAS CLAY BLACKBURN	Director	30.00	Director	$0	$0	$0
JENNIFER LENIHAN	Director	30.00	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
2020	$319,619	$481,501	$22,946	$-161,882