304 PENNSYLVANIA AVENUE CORPORATION (EIN 611890518) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

JASON AMBROSI

Phone

7096894170

Tax Period

2024-01-01 to 2024-12-31

304 PENNSYLVANIA AVENUE CORPORATION, founded in 2018, is a small nonprofit that reported $662K in total revenue in fiscal year 2021. Net assets of $12.4M represent 225 months of operating reserves.

Mission

PROVIDE OFFICE SPACE TO A RELATED TAX- EXEMPT ORGANIZATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $789,759

Investment Income $0

Other Revenue $2,174

TOTAL REVENUE $791,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $993,882

TOTAL EXPENSES $993,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$791,933	$797,355	0.0%
Expenses	$993,882	$955,281	+0.0%
Net Income	$-201,949	$-157,926	+0.3%

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

$2,690,083

Total Directors

$1,855,495

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON AMBROSI	PRESIDENT/DIRECTOR	5.0	Officer Director	$0	$321,206	$1,291,094
DAVID KRIEGER	GENERAL MANAGER	5.0	Officer	$0	$171,942	$834,588
WENDY MORSE	FIRST VICE PRESIDENT/DIRECTOR	5.0	Officer Director	$0	$0	$209,659
WES CLAPPER	TREASURER/DIRECTOR	5.0	Officer Director	$0	$0	$204,609
SEAN CREED	SECRETARY/DIRECTOR	5.0	Officer Director	$0	$0	$150,133

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	$791,933	$993,882	$12,226,498	$-201,949
2023	$797,355	$955,281	$12,416,676	$-157,926
2022	$795,428	$1,030,650	$12,522,494	$-235,222
2021	$661,756	$657,948	$12,709,120	$3,808

304 PENNSYLVANIA AVENUE CORPORATION