ASCENSION LUTHERAN CHURCH FOUNDATION

EIN: 841498748 501(c)(3) Philanthropy & Grantmaking

LITTLETON, CO

Total Revenue
$112,321
Total Expenses
$62,903
Total Assets
$1,175,806
Net Assets
$1,175,806
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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
1999
Legal Domicile
CO
Principal Officer
MICHAEL T PRICE
Phone
3037984074
Tax Period
2025-01-01 to 2025-12-31

ASCENSION LUTHERAN CHURCH FOUNDATION, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $112K in total revenue in fiscal year 2025. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 44% operating margin.

Mission

TO PROVIDE THE ASCENSION COMMUNITY WITH A HIGHLY STRUCTURED AND SUSTAINABLE ORGANIZATION TO SHARE CHRIST'S LOVE AND TO CARRY OUT GOD'S WORK NOW AND INTO THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $41,704

PROVIDE CONTRIBUTIONS AND GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS ENGAGED IN PROMULGATING THE GOSPEL OF GOD.

Program 2
Expenses: $10,907

PROVIDE TEXTBOOK REIMBURSEMENT FUNDS AND TUITION ASSISTANCE TO ASCENSION STUDENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $28,512
Program Service Revenue $0
Investment Income $60,731
Other Revenue $23,078
TOTAL REVENUE $112,321

Expense Breakdown

Grants Paid $46,982
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,611
Other Expenses $15,921
TOTAL EXPENSES $62,903

Year-over-Year Comparison

2025 2024 Change
Revenue $112,321 $75,447 +0.5%
Expenses $62,903 $43,891 +0.4%
Net Income $49,418 $31,556 +0.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL T PRICE PRESIDENT, T 1.00
Officer Director
$0 $0 $0
ADAM WILSON VICE PRESIDE 0.75
Officer Director
$0 $0 $0
ROBERT OLSON SECRETARY 0.75
Officer Director
$0 $0 $0
ATHENIA MICHEL BOARD MEMBER 0.75
Director
$0 $0 $0
DAVID CLAUSSEN BOARD MEMBER 0.75
Director
$0 $0 $0
VALORIE FLICKINGER BOARD MEMBER 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
2025 $112,321 $62,903 $1,175,806 $49,418
2024 $75,447 $43,891 $1,054,913 $31,556
2023 $142,189 $42,859 $942,814 $99,330
2022 $29,837 $42,682 $757,837 $-12,845
2021 $61,511 $49,216 $936,118 $12,295
2020 $105,149 $56,712 $919,768 $48,437
2019 $76,836 $50,119 $865,445 $26,717
2018 $208,940 $43,510 $771,558 $165,430
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