The ASC Trust at the University of Pennsylvania (EIN 810550464) - 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 Jr

Phone

2155757000

Tax Period

2023-07-01 to 2024-06-30

The ASC Trust at the University of Pennsylvania, founded in 2002, is a community nonprofit in the Education sector that reported $9.4M in total revenue in fiscal year 2023. Net assets of $123.0M represent 157 months of operating reserves.

Mission

To support the Annenberg School for Communication at the University of Pennsylvania

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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 $9,406,065

Other Revenue $0

TOTAL REVENUE $9,406,065

Expense Breakdown

Grants Paid $9,406,065

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,406,065

Other Expenses $24,066

TOTAL EXPENSES $9,430,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,406,065	$9,095,674	+0.0%
Expenses	$9,430,131	$9,107,527	+0.0%
Net Income	$-24,066	$-11,853	+1.0%

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
Sarah Banet-Weiser	Trustee (effective 8/14/23)	1.00	Director	$0	$0	$0
Wallis Annenberg	Trustee	1.00	Director	$0	$0	$0
David Ulich	Trustee	1.00	Director	$0	$0	$0
Diane Deshong	Trustee	1.00	Director	$0	$0	$0
John R Latourette	Trustee	1.00	Director	$0	$0	$0
Michael Delli Carpini	Trustee (7/1/23-8/13/23)	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	$9,406,065	$9,430,131	$122,994,110	$-24,066
2023	$9,095,674	$9,107,527	$121,191,233	$-11,853
2022	$8,507,152	$8,518,743	$121,203,086	$-11,591
2021	$9,620,834	$9,632,335	$121,214,677	$-11,501

The ASC Trust at the University of Pennsylvania