ASCENSION VIA CHRISTI PROPERTY SERVICES INC (EIN 480948571) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Phone

3147338000

Tax Period

2023-07-01 to 2024-06-30

ASCENSION VIA CHRISTI PROPERTY SERVICES INC, founded in 1982, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $37.3M represent 71 months of operating reserves.

Mission

OWN AND OPERATE REAL ESTATE IN SUPPORT OF ASCENSION VIA CHRISTI HEALTH, INC AND ITS AFFILIATES SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,382,483

Investment Income $918,330

Other Revenue $16,634

TOTAL REVENUE $6,317,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,188

Fundraising Expenses $0

Program Expenses $4,249,659

Other Expenses $6,250,518

TOTAL EXPENSES $6,468,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,317,447	$5,671,838	+0.1%
Expenses	$6,468,706	$6,229,381	+0.0%
Net Income	$-151,259	$-557,543	-0.7%

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

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

$338,709

Total Directors

$543,449

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ARTHUR WEGNER	PRESIDENT/CFO, MINISTRY MARKET (START 1/2024)	0.0	Officer Director	$0	$0	$0
CLAUDIO J FERRARO	DIRECTOR	0.0	Director	$0	$52,038	$543,449
ELYSSA CARTER	DIRECTOR	1.0	Director	$0	$0	$0
MIKE D JOY	PRESIDENT/INTERIM CFO, MINISTRY MARKET (END 1/2024)	0.0	Officer	$0	$43,586	$338,709
MICHAEL MCCULLOUGH	FORMER OFFICER (END 3/2023)	0.0		$0	$41,393	$956,345

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	No data	No data	No data	No data
2024	$6,317,447	$6,468,706	$39,391,281	$-151,259
2023	$5,671,838	$6,229,381	$42,833,494	$-557,543
2022	$5,916,150	$5,793,252	$44,779,985	$122,898
2021	$6,830,213	$5,831,839	$48,442,586	$998,374
2020	$6,596,484	$5,603,137	$40,180,678	$993,347
2019	$5,748,240	$5,503,499	$42,853,642	$244,741
2018	$5,108,111	$5,677,021	$44,111,335	$-568,910

ASCENSION VIA CHRISTI PROPERTY SERVICES INC