Ascend College Prep (EIN 851435725) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Karin McWhorter

Phone

7193686936

Tax Period

2024-07-01 to 2025-06-30

Ascend College Prep, founded in 2020, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

Ascend College Prep is a public high school for 10-12th grade students in Colorado Springs and the surrounding area. Our Mission is to "Prepare and inspire students to become lifelong learners and responsible citizens through rigorous academic courses, personalized electives, and active community engagement."

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,021

Program Service Revenue $1,270,286

Investment Income $981

Other Revenue $8,564

TOTAL REVENUE $1,321,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,485

Fundraising Expenses $0

Program Expenses $916,839

Other Expenses $905,800

TOTAL EXPENSES $1,291,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,321,852	$1,114,478	+0.2%
Expenses	$1,291,285	$974,718	+0.3%
Net Income	$30,567	$139,760	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$161,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Frost	President	2.00	Officer Director	$0	$0	$0
Mary Szucs	Vice President	2.00	Officer Director	$0	$0	$0
Cody Dozier	Secretary	1.00	Officer Director	$0	$0	$0
Martha Turobiner	Treasurer	1.00	Officer Director	$0	$0	$0
David Vollmer	Member	1.00	Director	$0	$0	$0
Catherine Dunham	Member	1.00	Director	$0	$0	$0
Frank Cannizzaro	Member	1.00	Director	$0	$0	$0
Eric Shipley	Member	1.00	Director	$0	$0	$0
Karin McWhorter	Principal and Director	40.00	Officer	$91,054	$0	$91,054
Jennifer Staack-Kennerty	Assistant Principal	40.00	Officer	$70,320	$0	$70,320

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	$1,321,852	$1,291,285	$588,285	$30,567
2024	$1,114,478	$974,718	$617,604	$139,760
2023	$759,304	$761,770	$574,246	$-2,466
2022	$392,390	$406,635	$214,481	$-14,245

Ascend College Prep