Ascent Classical Academy Charter Schools Inc

EIN: 823791408 501(c)(3) Education

Golden, CO

Total Revenue
$41,541,745
Total Expenses
$43,629,834
Total Assets
$84,628,076
Net Assets
$2,907,523
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CO
Principal Officer
Rob Williams
Phone
7205062988
Tax Period
2023-07-01 to 2024-06-30

Ascent Classical Academy Charter Schools Inc, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $41.5M in total revenue in fiscal year 2023. Revenue surged 121% from the prior year, signaling strong growth momentum.

Mission

Ascent Classical Academy develops the moral and intellectual skills, habits, and virtues upon which independent, responsible, and joyful lives are built, in the firm belief that such lives are the basis for a free and flourishing republic. This is achieved by always working to train the minds and improve the hearts of young people through a classical, content-rich education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue in an orderly and disciplined environment.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,568,393
Program Service Revenue $21,214,635
Investment Income $130,132
Other Revenue $14,628,585
TOTAL REVENUE $41,541,745

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $39,238,646
Other Expenses $43,629,834
TOTAL EXPENSES $43,629,834

Year-over-Year Comparison

2023 2022 Change
Revenue $41,541,745 $18,782,096 +1.2%
Expenses $43,629,834 $16,757,284 +1.6%
Net Income $-2,088,089 $2,024,812 -2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
100

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rob Williams President/Treasurer 2.00
Officer Director
$0 $0 $0
Stephen Gilmartin Vice President 2.00
Officer Director
$0 $0 $0
Allen Fuller Secretary 2.00
Officer Director
$0 $0 $0
Rick Gillan Director 2.00
Director
$0 $0 $0
Steve Peck Director 2.00
Director
$0 $0 $0
Eric Shanfelt Director 2.00
Director
$0 $0 $0
Derec Shuler Ex Officio 2.00
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 $41,541,745 $43,629,834 $84,628,076 $-2,088,089
2023 $18,782,096 $16,757,284 $7,690,520 $2,024,812
2022 $14,781,015 $12,958,738 $7,199,247 $1,822,277
2021 $8,954,893 $8,069,166 $1,923,848 $885,727
2020 $5,644,786 $5,185,286 $1,118,093 $459,500
2019 $3,437,369 $3,593,211 $335,288 $-155,842
2018 $157,598 $163,494 $118,338 $-5,896
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