ASCENSION ACADEMY (EIN 752564283) - 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

1994

Legal Domicile

Principal Officer

TIM ODITT

Phone

8063420515

Tax Period

2024-07-01 to 2025-06-30

ASCENSION ACADEMY, founded in 1994, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.6M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE AN EXEMPLARY COLLEGE PREPARATORY EDUCATION IN A CHALLENGING, FAITH-AFFIRMING ENVIRONMENT TO MAXIMIZE THE POTENTIAL OF EVERY STUDENT.

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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 $499,211

Program Service Revenue $1,269,810

Investment Income $20,703

Other Revenue $82,539

TOTAL REVENUE $1,872,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,937,623

Fundraising Expenses $293,897

Program Expenses $1,949,468

Other Expenses $652,333

TOTAL EXPENSES $2,589,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,872,263	$1,579,162	+0.2%
Expenses	$2,589,956	$2,556,896	+0.0%
Net Income	$-717,693	$-977,734	-0.3%

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

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

$175,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM ODITT	HEAD OF SCHO	40.00	Officer	$159,300	$16,500	$175,800
REBEKAH BACHMAN	REGENT	2.00	Director	$0	$0	$0
OMAR BAZZAZ	REGENT	2.00	Director	$0	$0	$0
STEVE BECKHAM	VICE CHAIRMA	3.00	Officer Director	$0	$0	$0
SHANE HALL	REGENT	2.00	Director	$0	$0	$0
NICOLE KOETTING	REGENT	2.00	Director	$0	$0	$0
SIMON LEECH	SECRETARY	3.00	Officer Director	$0	$0	$0
ANNIE MCLAUGHLIN	REGENT	2.00	Director	$0	$0	$0
ROB PARKER	REGENT	2.00	Director	$0	$0	$0
PATRICK SWINDELL	CHAIRMAN	3.00	Officer Director	$0	$0	$0
BRIAN WEIS	REGENT	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
2025	$1,872,263	$2,589,956	$7,390,417	$-717,693
2024	$1,579,162	$2,556,896	$8,132,336	$-977,734
2023	$1,945,455	$2,463,031	$9,184,829	$-517,576
2022	$3,322,732	$2,363,935	$9,602,729	$958,797
2021	$2,389,524	$2,505,984	$8,859,764	$-116,460
2020	$2,208,698	$2,540,077	$9,073,718	$-331,379
2019	$1,919,005	$2,631,398	$9,402,283	$-712,393
2018	$2,262,707	$2,609,021	$9,894,280	$-346,314

ASCENSION ACADEMY