ASPIRING TO SERVE 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

2004

Legal Domicile

Principal Officer

KATHY FISHER

Phone

2407076521

Tax Period

2024-01-01 to 2024-12-31

ASPIRING TO SERVE INC, founded in 2004, is a micro nonprofit in the Human Services sector that reported $33K in total revenue in fiscal year 2024. Revenue fell 119% from the prior year — a significant decline worth monitoring.

Mission

ASPIRING TO SERVE CREATES HOPE BY PROVIDING HIGH QUALITY LOW COST SPACE IN PARTNERSHIP WITH OTHER NON-PROFIT COMMUNITY SERVICE ORGANIZATIONS SO THAT THEY CAN BETTER SERVE THOSE IN THE COMMUNITY THAT ARE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $1,600

ASPIRING TO SERVE IS A MARYLAND NON-PROFIT ORGANIZATION THAT MANAGES, DIRECTS AND SUPERVISES THE RENOVATION AND LEASING OF A BUILDING ADJACENT TO CHRIST'S REFORMED CHURCH LOCATED AT 130 WEST FRANKLIN STREET, HAGERSTOWN, MD. ASPIRING TO SERVE, INC.'S MISSION IS TO LEASE SPACE AT OR BELOW MARKET RATES TO OTHER 501(C)(3) NON-PROFIT SOCIAL SERVICE ORGANIZATIONS SO THEY CAN SERVE THOSE INDIVIDUALS WHO ARE IN NEED.

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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 $15,428

Program Service Revenue $0

Investment Income $0

Other Revenue $-48,326

TOTAL REVENUE $-32,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,600

Other Expenses $3,662

TOTAL EXPENSES $3,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-32,898	$177,219	-1.2%
Expenses	$3,662	$4,727	-0.2%
Net Income	$-36,560	$172,492	-1.2%

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
CHARLOTTE TROUT	PRESIDENT	10.00	Officer Director	$0	$0	$0
MARTIN FISHER	VICE PRESIDE	25.00	Officer Director	$0	$0	$0
CAROL ANN ROSSMAN	SECRETARY	4.00	Officer Director	$0	$0	$0
KATHY FISHER	TREASURER	12.00	Officer Director	$0	$0	$0
LARRY SPRANKLE	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS VAN METRE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
LINDA MASON	DIRECTOR	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
2024	$-32,898	$3,662	$1,384,994	$-36,560
2023	$177,219	$4,727	$1,426,554	$172,492
2022	$-21,216	$1,463	$1,223,448	$-22,679
2021	$40,302	$10,914	$1,288,852	$29,388
2020	$74,437	$1,424	$1,319,239	$73,013
2019	$41,381	$2,117	$1,306,226	$39,264
2018	$115,596	$1,788	$1,326,962	$113,808