SHARED ASCENT FUND (EIN 834584093) - 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

2019

Legal Domicile

Principal Officer

MATTHEW ARMSBY

Phone

9164425057

Tax Period

2024-01-01 to 2024-12-31

SHARED ASCENT FUND, founded in 2019, is a community nonprofit in the Civil Rights & Advocacy sector that reported $5.8M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

SEE PART III, LINE 1.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,207,212

Program Service Revenue $570,818

Investment Income $-37

Other Revenue $2,800

TOTAL REVENUE $5,780,793

Expense Breakdown

Grants Paid $1,253,250

Salaries & Benefits $3,922,808

Fundraising Expenses $29,484

Program Expenses $5,924,167

Other Expenses $1,137,927

TOTAL EXPENSES $6,313,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,780,793	$8,389,901	-0.3%
Expenses	$6,313,985	$5,869,114	+0.1%
Net Income	$-533,192	$2,520,787	-1.2%

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

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

$224,918

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BURNETT	DIRECTOR, CHAIR	1.00	Director	$0	$0	$0
CHRISTOPHER J ELLIMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA KONGSGAARD	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON PINKETT III	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA ROY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW ARMSBY SEE SCH O	VP; INTERIM PRESIDENT (BEG. 10/24)	1.00	Officer	$1,680	$4,828	$45,432
HELENA CHOI SEE SCH O	SECRETARY AND VICE PRESIDENT	1.00	Officer	$6,318	$4,428	$30,927
AVI GARBOW SEE SCH O	DIRECTOR; PRESIDENT (END 10/24)	1.00	Officer	$19,632	$4,192	$74,919
ROSINA BUGARIN SEE SCH O	TREASURER & CHIEF FINANCIAL OFFICER	3.00	Officer	$21,926	$9,984	$73,640
JAMIE HART DIR COALITION	TO EXPAND CONTRACEPTIVE ACCESS	40.00	Highest	$346,257	$47,150	$393,407
MICHAEL PIERCE DIR	STUDENT BORROWER PROTECTION CENTER	39.00	Highest	$242,468	$49,105	$293,565
LISA STERN DEP DIR COALITION	TO EXPAND CONTRACEPTIVE ACCESS	40.00	Highest	$258,047	$30,473	$288,520
PERSIS SICHING YU POLICY DIR	& MAN. COUNS., STDNT BWR PROT. CTR	39.00	Highest	$212,619	$18,533	$232,800
SHEILA DESAI DIR	TO EXPAND CONTRACEPTIVE ACCESS	40.00	Highest	$180,244	$32,837	$213,081

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	$5,780,793	$6,313,985	$6,438,539	$-533,192
2023	$8,389,901	$5,869,114	$7,484,913	$2,520,787
2022	$6,441,198	$7,098,129	$4,259,803	$-656,931
2021	$8,676,213	$4,894,961	$4,357,054	$3,781,252
2020	$1,739,897	$2,593,602	$199,745	$-853,705

SHARED ASCENT FUND