FRIENDS OF ASCEND CHARTER SCHOOLS INC (EIN 822023126) - 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

2017

Legal Domicile

Principal Officer

MARYANN LI

Phone

8778295500

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF ASCEND CHARTER SCHOOLS INC, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $27.6M in total revenue in fiscal year 2022. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $26.5M left a modest 4% surplus.

Mission

TO SUPPORT THE OPERATIONS OF ASCEND CHARTER SCHOOLS.

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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 $0

Program Service Revenue $27,625,645

Investment Income $14,234

Other Revenue $0

TOTAL REVENUE $27,639,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,913,016

Other Expenses $26,464,995

TOTAL EXPENSES $26,464,995

Year-over-Year Comparison

	2022	2021	Change
Revenue	$27,639,879	$16,484,620	+0.7%
Expenses	$26,464,995	$17,436,084	+0.5%
Net Income	$1,174,884	$-951,464	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK ARROYO	PRESIDENT	1.00	Officer Director	$0	$0	$0
NEIL SHAPIRO	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES FORD	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$27,639,879	$26,464,995	$249,362,458	$1,174,884
2022	$16,484,620	$17,436,084	$52,287,360	$-951,464
2021	$16,135,870	$15,326,641	$51,013,536	$809,229
2020	$14,188,874	$13,700,739	$40,604,884	$488,135
2019	$10,388,385	$10,093,309	$35,671,747	$295,076
2018	$5,036,614	$6,734,304	$24,734,000	$-1,697,690

FRIENDS OF ASCEND CHARTER SCHOOLS INC