ASPIRE HIGHER FOUNDATION INC (EIN 832261693) - 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

2018

Legal Domicile

Phone

3173458371

Tax Period

2023-01-01 to 2023-12-31

ASPIRE HIGHER FOUNDATION INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $736K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $440K, a strong 60% operating margin.

Mission

ASPIRE HIGHER FOUNDATION HELPS THE NEAR NORTHWEST SIDE OF INDIANAPOLIS EXPERIENCE UPLIFT THROUGH COMMUNIT REDEVELOPMENT EDUCATION EXPERIENTIAL PROGRAMMING. ASPIRE HOUSE IS RENOVATING A HISTORIC FIREHOUSE.

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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 $720,680

Program Service Revenue $0

Investment Income $15,123

Other Revenue $0

TOTAL REVENUE $735,803

Expense Breakdown

Grants Paid $247,857

Salaries & Benefits $0

Fundraising Expenses $19,752

Program Expenses $247,857

Other Expenses $28,168

TOTAL EXPENSES $295,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$735,803	$539,329	+0.4%
Expenses	$295,777	$75,407	+2.9%
Net Income	$440,026	$463,922	-0.1%

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

150

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
TIMOTHY CLARK	PRESIDENT	1.00	Officer	$0	$0	$0
COREY WILSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
TERHEA FURR	SECRETARY	1.00	Officer	$0	$0	$0
SARA MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BLACKWELL	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SPEER	DIRECTOR	1.00	Director	$0	$0	$0
DIEDRE PETTINGA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STANSBERRY	DIRECTOR	1.00	Director	$0	$0	$0
ROCHELLE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ALFREEDA GOFF	DIRECTOR	1.00	Director	$0	$0	$0
MARY SHAW	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$735,803	$295,777	$1,456,504	$440,026
2022	$539,329	$75,407	$853,435	$463,922

ASPIRE HIGHER FOUNDATION INC