ACE TECH ENDOWMENT FUND (EIN 721602149) - 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

2005

Legal Domicile

Principal Officer

JOSEPH SCARPELLI

Phone

7735488705

Tax Period

2022-01-01 to 2022-12-31

ACE TECH ENDOWMENT FUND, founded in 2005, is a micro nonprofit that reported $9K in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $365K exceeded revenue, resulting in a 3891% operating deficit.

Mission

TO PROVIDE FINANACIAL ASSISTANCE TO ACE TECH CHARTER HIGH SCHOOL

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $9,136

Other Revenue $0

TOTAL REVENUE $9,136

Expense Breakdown

Grants Paid $363,308

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $363,308

Other Expenses $1,310

TOTAL EXPENSES $364,618

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,136	$20,229	-0.5%
Expenses	$364,618	$2,738	+132.2%
Net Income	$-355,482	$17,491	-21.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA P THORNE	PRESIDENT	0.10	Officer Director	$0	$0	$0
JOE SCARPELLI	TREASURER	0.10	Officer Director	$0	$0	$0
MARK JOLICOEUR	SECRETARY	0.10	Officer Director	$0	$0	$0
LOUIS JONES	DIRECTOR	0.10	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
2022	$9,136	$364,618	No data	$-355,482
2021	$20,229	$2,738	$355,482	$17,491
2020	$16,240	$1,555	$337,987	$14,685
2019	$183,836	$456,154	$297,062	$-272,318
2018	$38,667	$212,087	$637,040	$-173,420

ACE TECH ENDOWMENT FUND