ASC INC (EIN 742871930) - 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

1998

Legal Domicile

Principal Officer

THOM SINGER

Phone

5123948260

Tax Period

2024-01-01 to 2024-12-31

ASC INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $242K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

TO DEVELOP THE AUSTIN COMMUNITY IN THE SOFTWARE INDUSTRY

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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 $66,742

Program Service Revenue $173,419

Investment Income $1,500

Other Revenue $0

TOTAL REVENUE $241,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,534

Fundraising Expenses $0

Other Expenses $123,016

TOTAL EXPENSES $250,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,661	$330,554	-0.3%
Expenses	$250,550	$244,219	+0.0%
Net Income	$-8,889	$86,335	-1.1%

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

$103,437

Total Directors

$103,437

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SINGER	CEO	40.00	Officer Director	$85,860	$17,577	$103,437
JAMES BEECHAM	DIRECTOR	2.00	Director	$0	$0	$0
BILL LEAKE	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT FRANCIS	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE WAUGH	DIRECTOR	2.00	Director	$0	$0	$0
WADE ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
AKSHAY SABHIKHI	DIRECTOR	2.00	Director	$0	$0	$0
DARRELL WINDHAM	DIRECTOR	2.00	Director	$0	$0	$0
KELLEY KNUTSON	DIRECTOR	2.00	Director	$0	$0	$0
ROLAND PENA	DIRECTOR	2.00	Director	$0	$0	$0
MIKE SIEGEL	DIRECTOR	2.00	Director	$0	$0	$0
RONNIE SHETH	DIRECTOR	2.00	Director	$0	$0	$0
BURT KALSU	DIRECTOR	2.00	Director	$0	$0	$0
LINDA GINAC	DIRECTOR	2.00	Director	$0	$0	$0
JASON AVILA	DIRECTOR	2.00	Director	$0	$0	$0
BRETT NEIE	DIRECTOR	2.00	Director	$0	$0	$0
CLAY SCOVILL	DIRECTOR	2.00	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
2024	$241,661	$250,550	$225,848	$-8,889
2023	$330,554	$244,219	$233,502	$86,335
2022	$548,482	$530,496	$270,924	$17,986
2021	$450,682	$410,542	$375,913	$40,140
2020	$555,332	$591,152	$292,005	$-35,820
2019	$784,264	$797,748	$309,362	$-13,484
2018	$665,900	$681,507	$350,049	$-15,607

ASC INC