Ascanio's Purse (EIN 810589153) - 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

Robert Sobel

Phone

3035648840

Tax Period

2022-11-01 to 2023-10-30

Ascanio's Purse, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $155K in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 15% operating margin.

Mission

PRODUCTION OF CONCERTS & FULL RECORDINGS OF CLASSICAL OPERAS

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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 (2022)

Revenue Breakdown

Contributions & Grants $139,557

Program Service Revenue $0

Investment Income $350

Other Revenue $14,797

TOTAL REVENUE $154,704

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $15,000

Fundraising Expenses $4,238

Program Expenses $92,567

Other Expenses $114,845

TOTAL EXPENSES $130,845

Year-over-Year Comparison

	2022	2021	Change
Revenue	$154,704	$685,843	-0.8%
Expenses	$130,845	$942,917	-0.9%
Net Income	$23,859	$-257,074	-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

N/A

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

$15,000

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NELSON	PRESIDENT	5.0	Officer Director	$15,000	$0	$15,000
MR JACK FIRESTONE	TREASURER	1.0	Officer Director	$0	$0	$0
DAVID FULLER	SECRETARY	1.0	Officer Director	$0	$0	$0
ROBERT SOBEL	EXECUTIVE DIRECTOR	5.0	Officer Director	$0	$0	$0
WILL WYTIAS-SOBEL	Chair and Vice-President	1.0	Officer 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
2023	$154,704	$130,845	$122,645	$23,859
2022	$685,843	$942,917	$98,786	$-257,074
2021	$568,823	$265,411	$634,079	$303,412

Ascanio's Purse