ASCENSION HOMES INC (EIN 521394413) - 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

1985

Legal Domicile

Principal Officer

STEPHANIE SHACK

Phone

4104332442

Tax Period

2024-05-01 to 2025-04-30

ASCENSION HOMES INC, founded in 1985, is a small nonprofit in the Mental Health sector that reported $694K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $319K, a strong 46% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO ADULTS WITH CHRONIC MENTAL ILLNESSES

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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 $673,116

Program Service Revenue $19,237

Investment Income $1,180

Other Revenue $0

TOTAL REVENUE $693,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $347,465

Other Expenses $374,897

TOTAL EXPENSES $374,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$693,533	$1,210,447	-0.4%
Expenses	$374,897	$285,655	+0.3%
Net Income	$318,636	$924,792	-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

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

$154,000

Total Directors

$154,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY WEINER	CHAIR	0.30	Officer Director	$0	$0	$0
STEPHANIE SHACK	PRESIDENT	0.30	Officer Director	$0	$0	$0
JON CABALLERO	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
NICHOLE BATTLE	SECRETARY	5.00	Officer Director	$0	$11,362	$154,000
NICHOLAS ALEXOPOLUS	TREASURER	0.30	Officer Director	$0	$0	$0
MIKE BEST	DIRECTOR	0.30	Director	$0	$0	$0
ADRIAN BISHOP	DIRECTOR	0.30	Director	$0	$0	$0
KELLY ERLEMEIR	DIRECTOR	0.30	Director	$0	$0	$0
MARK HEWICK	DIRECTOR	0.30	Director	$0	$0	$0
ALLEN OWENS	DIRECTOR	0.30	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
2025	$693,533	$374,897	$2,695,784	$318,636
2024	$1,210,447	$285,655	$2,119,138	$924,792
2023	$231,932	$203,884	$712,417	$28,048
2022	$236,780	$226,687	$737,263	$10,093
2021	$211,929	$239,647	$620,586	$-27,718
2020	$220,223	$251,710	$558,716	$-31,487
2019	$197,543	$225,482	$574,389	$-27,939
2018	$213,404	$271,330	$608,446	$-57,926

ASCENSION HOMES INC