ASPIRING SCHOLARS (EIN 843498731) - 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

CORY HOWAT

Phone

5045963045

Tax Period

2024-07-01 to 2025-06-30

ASPIRING SCHOLARS, founded in 2019, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 77% operating margin.

Mission

TO HELP BUILD ACCESS TO A HIGH QUALITY EDUCATIONAL EXPERIENCE IN A NURTURING ENVIRONMENT FOR FAMILIES WHO OTHERWISE COULD NOT AFFORD CATHOLIC SCHOOL TUITION

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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 $2,879,349

Program Service Revenue $0

Investment Income $100,819

Other Revenue $0

TOTAL REVENUE $2,980,168

Expense Breakdown

Grants Paid $433,025

Salaries & Benefits $152,007

Fundraising Expenses $0

Program Expenses $433,025

Other Expenses $93,391

TOTAL EXPENSES $678,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,980,168	$1,783,379	+0.7%
Expenses	$678,423	$406,982	+0.7%
Net Income	$2,301,745	$1,376,397	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORY HOWAT	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR RAENELL HOUSTON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DIRK WILD	SECRETARY/TREASURER	1.00	Officer 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	$2,980,168	$678,423	$4,619,921	$2,301,745
2024	$1,783,379	$406,982	$2,311,106	$1,376,397
2023	$748,620	$325,849	$942,899	$422,771
2022	$557,255	$289,818	$543,304	$267,437
2021	$426,624	$205,813	$282,536	$220,811

ASPIRING SCHOLARS