ASAC FOUNDATION (EIN 850463051) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

CHARLES W WHEELER JR

Phone

5185841065

Tax Period

2023-01-01 to 2023-12-31

ASAC FOUNDATION, founded in 1999, is a micro nonprofit in the Human Services sector that reported $60K in total revenue in fiscal year 2018. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 65% operating margin.

Mission

TO OPERATE AND ACT EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND LITERARY PURPOSES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,975

Program Service Revenue $0

Investment Income $26,671

Other Revenue $0

TOTAL REVENUE $48,646

Expense Breakdown

Grants Paid $20,229

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,229

Other Expenses $9,799

TOTAL EXPENSES $30,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,646	$34,302	+0.4%
Expenses	$30,028	$44,132	-0.3%
Net Income	$18,618	$-9,830	-2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG D BELL	PRESIDENT	3.00	Officer Director	$0	$0	$0
ALLAN D CORS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES W WHEELER JR	TREASURER	3.00	Officer Director	$0	$0	$0
DAVID PRAWDZIK	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT RAUSCH	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SADLER	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	$48,646	$30,028	$1,327,121	$18,618
2022	$34,302	$44,132	$1,123,058	$-9,830
2021	$33,477	$30,430	$1,345,439	$3,047
2020	$19,924	$20,992	$1,171,371	$-1,068
2019	$54,001	$19,852	$1,068,509	$34,149
2018	$60,262	$21,175	$872,132	$39,087

ASAC FOUNDATION