ASCEND LEADERSHIP ACADEMY

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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

2016

Legal Domicile

Principal Officer

JUSTIN T SMITH

Phone

9198425411

Tax Period

2023-07-01 to 2024-06-30

ASCEND LEADERSHIP ACADEMY, founded in 2016, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO DEVELOP SUCCESSFUL STUDENT LEADERS BY GROWING THEIR SELF-EFFICACY, INTELLECTUAL UNDERSTANDING, AND SOCIAL COMPETENCE. ALA WILL ACCOMPLISH THIS BY APPLYING INNOVATIVE TEACHING METHODS, INCORPORATING STUDENT CULTURAL REALITIES, AND CULTIVATING STUDENT OWNERSHIP IN THE LEARNING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $6,506,330 Revenue: $1,190,191

PROVIDE FACILITIES, TEACHERS, AND MATERIALS TO STUDENTS ENROLLED AT A PUBLIC CHARTER SCHOOL.

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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 $5,712,288

Program Service Revenue $263,335

Investment Income $79,478

Other Revenue $940,034

TOTAL REVENUE $6,995,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,506,330

Other Expenses $7,434,218

TOTAL EXPENSES $7,434,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,995,135	$6,306,450	+0.1%
Expenses	$7,434,218	$6,901,088	+0.1%
Net Income	$-439,083	$-594,638	-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

Total Directors

$130,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER LINVILLE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
CANDICE BROADUS-MCDOUGAL	SECRETARY	5.00	Officer Director	$0	$0	$0
MELANIE JACOBS	AT LARGE BOARD MEMBER	5.00	Director	$0	$0	$0
KIMBERLY GRICE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MONIQUE TORREZ	AT LARGE BOARD MEMBER	5.00	Director	$0	$0	$0
JUSTIN SMITH	MANAGING DIRECTOR	40.00	Director	$115,970	$14,560	$130,530

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	$6,995,135	$7,434,218	$17,842,608	$-439,083
2023	$6,306,450	$6,901,088	$18,270,247	$-594,638
2022	$5,113,619	$6,119,158	$19,652,190	$-1,005,539
2021	$3,683,299	$3,349,929	$703,081	$333,370
2020	$2,604,009	$2,423,589	$312,260	$180,420
2019	$1,279,948	$1,238,659	$86,543	$41,289