Ascend Foundation 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

2006

Legal Domicile

Principal Officer

Jeff Chin

Tax Period

2023-10-01 to 2024-09-30

Ascend Foundation Inc, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 64% operating margin.

Mission

The Ascend Foundation is a 501(C)(3) non-profit organization that drives and supports initiatives that make a positive impact for the API community at work across all major global industries. The Ascend Foundation delivers educational initiatives and community focused progr

Program Service Accomplishments

Program 1

Expenses: $1,106,572

Ascend Pinnacle and other miscellaneous programs

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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 $1,538,095

Program Service Revenue $202,279

Investment Income $997,935

Other Revenue $1,175,038

TOTAL REVENUE $3,913,347

Expense Breakdown

Grants Paid $259,343

Salaries & Benefits $436,683

Fundraising Expenses $166,731

Program Expenses $1,106,572

Other Expenses $718,560

TOTAL EXPENSES $1,414,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,913,347	$2,692,910	+0.5%
Expenses	$1,414,586	$1,312,130	+0.1%
Net Income	$2,498,761	$1,380,780	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Peyen Fong	Natl Programs & Marketing Ad	Highest	$145,385	$5,255	$150,640
Shaila Lothe	Research Assistant	Director	$0	$0	$0
Kiet A Vu	Ascend Leadership Executive	Director	$0	$0	$0
Victorine Leonard	Program Associate	Director	$0	$0	$0
Christy Bae	Program Associate	Director	$0	$0	$0
Sharisse Guisao	Manager of Executive Engageme	Director	$0	$0	$0
Jeff Chin	Treasurer	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	No data	No data	No data	No data
2024	$3,093,397	$1,414,586	$10,310,030	$1,678,811
2024	$3,913,347	$1,414,586	$10,310,030	$2,498,761
2023	$2,692,910	$1,312,130	$7,258,000	$1,380,780
2022	$2,725,602	$1,134,695	$5,112,329	$1,590,907
2021	$2,910,361	$940,210	$4,154,499	$1,970,151
2020	$1,197,129	$974,619	$1,550,934	$222,510
2019	$432,105	$201,562	$877,257	$230,543
2018	$400,712	$228,245	$636,111	$172,467