The ASC Trust at the University of Southern California (EIN 776216147) - 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

2002

Legal Domicile

Principal Officer

John R Latourette

Phone

2155757000

Tax Period

2023-07-01 to 2024-06-30

The ASC Trust at the University of Southern California, founded in 2002, is a community nonprofit in the Health Care sector that reported $8.5M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $7.7M left a modest 8% surplus.

Mission

To support the Annenberg School for Communication and Journalism at the University of Southern California

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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 $0

Program Service Revenue $0

Investment Income $8,265,156

Other Revenue $188,101

TOTAL REVENUE $8,453,257

Expense Breakdown

Grants Paid $7,739,782

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,739,782

Other Expenses $9,405

TOTAL EXPENSES $7,749,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,453,257	$9,405,848	-0.1%
Expenses	$7,749,187	$7,021,269	+0.1%
Net Income	$704,070	$2,384,579	-0.7%

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
Dean Willow Bay	Trustee	1.00	Director	$0	$0	$0
Wallis Annenberg	Trustee	1.00	Director	$0	$0	$0
David Ulich	Trustee	1.00	Director	$0	$0	$0
Howard C Deshong III	Trustee	1.00	Director	$0	$0	$0
John R Latourette	Trustee	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
2025	No data	No data	No data	No data
2024	$8,453,257	$7,749,187	$114,861,433	$704,070
2023	$9,405,848	$7,021,269	$114,157,363	$2,384,579
2022	$8,374,768	$6,115,310	$111,772,784	$2,259,458
2021	$7,165,174	$6,132,263	$109,513,326	$1,032,911

The ASC Trust at the University of Southern California