DENOVO INC ASCEND ACADEMY CHARTER

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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

2013

Legal Domicile

Principal Officer

VINCENT ALESSI

Tax Period

2024-07-01 to 2025-06-30

DENOVO INC ASCEND ACADEMY CHARTER, founded in 2013, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

ASCEND CAREER ACADEMY (THE SCHOOL) IS ORGANIZED AND IS TO OPERATE EXCLUSIVELY AS A NOT FOR PROFIT CHARTER SCHOOL TO PROVIDE AN EDUCATION TO INDIVIDUALS 9TH THROUGH 12TH GRADE.

Program Service Accomplishments

Program 1

Expenses: $2,517,722 Revenue: $2,367,036

EDUCATION PROGRAM DESIGNED TO MEET THE NEEDS OF STUDENTS 9TH THROUGH 12TH GRADE. THE ONLINE CURRICULUM PERMITS THE STUDENTS TO MOVE AT HIS OR HER OWN PACE, AND THE CLASSROOM TEACHER WORKS WITH EVERY...

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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 $272,511

Program Service Revenue $2,286,590

Investment Income $0

Other Revenue $80,446

TOTAL REVENUE $2,639,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,347,901

Fundraising Expenses $0

Program Expenses $2,517,722

Other Expenses $1,521,984

TOTAL EXPENSES $2,869,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,639,547	$2,863,353	-0.1%
Expenses	$2,869,885	$2,597,116	+0.1%
Net Income	$-230,338	$266,237	-1.9%

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

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
VINCENT ALESSI	PRESIDENT	0.50	Officer Director	$0	$0	$0
BONNIE CLEMON	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
MICHAEL MOORE	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
MATT FERRELLI	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
SAYRA HUYES	BOARD MEMBER	0.50	Officer 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	$2,639,547	$2,869,885	$5,202,845	$-230,338
2024	No data	No data	No data	No data
2023	$3,032,429	$2,167,102	$5,506,940	$865,327
2022	$2,174,002	$2,137,549	$5,551,756	$36,453
2021	$2,135,169	$2,159,966	$236,945	$-24,797
2020	$2,040,985	$2,145,249	$284,010	$-104,264
2019	$1,936,889	$1,905,509	$204,481	$31,380
2018	$1,558,478	$1,553,703	$169,235	$4,775