THE ASCENSION FUND INC (EIN 721186479) - 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

1992

Legal Domicile

Phone

2252903322

Tax Period

2023-01-01 to 2023-12-31

THE ASCENSION FUND INC, founded in 1992, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $106K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $125K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO BE AN INSTRUMENT FOR PRIVATE SECTOR LEADERS TO REWARD AND INSPIRE EXCELLENCE IN PUBLIC EDUCATION, BY INVESTING DIRECTLY IN THE WORK OF INDIVIDUAL TEACHERS AND SCHOOLS THROUGH GRANTS FOR INNOVATIVE IDEAS AND PROGRAMS IN ASCENSION PARISH PUBLIC SCHOOLS.

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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 $45,120

Program Service Revenue $0

Investment Income $50,681

Other Revenue $10,153

TOTAL REVENUE $105,954

Expense Breakdown

Grants Paid $61,500

Salaries & Benefits $45,152

Fundraising Expenses $0

Program Expenses $61,500

Other Expenses $18,793

TOTAL EXPENSES $125,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,954	$92,050	+0.2%
Expenses	$125,445	$117,343	+0.1%
Net Income	$-19,491	$-25,293	-0.2%

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

N/A

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

$41,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER DEFRANCES	Executive Dir.	30.00	Officer	$41,500	$0	$41,500
MICHAEL BUTURLA	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY DIEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD SONGY	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA P DUNIGAN	Secretary	1.00	Director	$0	$0	$0
BRAD J WALKER	Treasurer	1.00	Director	$0	$0	$0
CRAIG WALLING	President	1.00	Director	$0	$0	$0
SHERRIE DESPINO	BOARD MEMBER	1.00	Director	$0	$0	$0
MALCOM J DUGAS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ALSIE DUNBAR	BOARD MEMBER	1.00	Director	$0	$0	$0
WJ FRTIZ ENGLADE SR	BOARD MEMBER	1.00	Director	$0	$0	$0
SONNY GRAUGNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES FALGOUT	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY HATHORN-LAMBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY DAIGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRET HUGHES	PAST PRESIDENT	1.00	Director	$0	$0	$0
JUANITA PEARLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT RUSSO	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY PUJOL	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULETTE L ROSAMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
LD BUDDY WELLS	Vice President	1.00	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
2023	$105,954	$125,445	$1,885,063	$-19,491
2022	$92,050	$117,343	$1,786,183	$-25,293
2021	$103,781	$116,862	$2,020,613	$-13,081
2020	$107,238	$113,402	$1,780,205	$-6,164
2019	$90,842	$109,025	$1,703,016	$-18,183
2018	$86,504	$104,777	$1,566,418	$-18,273

THE ASCENSION FUND INC