ASC INC

EIN: 742871930 Community Improvement

AUSTIN, TX

Total Revenue
$241,661
Total Expenses
$250,550
Total Assets
$225,848
Net Assets
$-17,247
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
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

THE AUSTIN TECHNOLOGY COUNCIL IS A DIVERSE COALITION OF INDIVIDUALS AND ORGANIZATIONS DEDICATED TO DEVELOPING THE AUSTIN COMMUNITY IN THE SOFTWARE INDUSTRY. THE COUNCIL PUBLISHES NEWSLETTERS, DIRECTORIES, MAILING LISTS, CONFERENCE MATERIALS, SURVEYS, AND STATISTICAL DATA FOR THE PURPOSE OF EDUCATING, ENLIGHTENING, OR SERVING TO PROMOTE THE SOFTWARE INDUSTRY. THE COUNCIL ALSO CONDUCTS AND SPONSORS CONFERENCES, SEMINARS, SHORT COURSES, AND JOB FAIRS WHICH EDUCATE AND IMPROVE THE EMPLOYMENT POSSIBILITIES OF THOSE WITH AND WITHIN THE SOFTWARE INDUSTRY.

Program Service Accomplishments

Program 1

PUBLISHED NEWSLETTERS, DIRECTORIES, MAILING LISTS, CONFERENCE MATERIALS, SURVEYS, AND STATISTICAL DATA AND ORGANIZED CONFERENCES, SEMINARS, SHORT COURSES, AND JOB FAIRS TO EDUCATE AND IMPROVE THE...

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PUBLISHED NEWSLETTERS, DIRECTORIES, MAILING LISTS, CONFERENCE MATERIALS, SURVEYS, AND STATISTICAL DATA AND ORGANIZED CONFERENCES, SEMINARS, SHORT COURSES, AND JOB FAIRS TO EDUCATE AND IMPROVE THE EMPLOYMENT POSSIBILITIES OF THOSE WORKING WITH AND WITHIN 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%)

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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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Governance

Voting Members
17
Independent Members
16
Employees
2
Volunteers
20

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
1
$103,437
Total Directors
17
$103,437
Key Employees
0
$0
Highest Compensated
0
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
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