Ascension Foundation

EIN: 862197504 501(c)(3)

ST LOUIS, MO

Total Revenue
$-1,976,829
Total Expenses
$4,965,904
Total Assets
$85,305,046
Net Assets
$84,990,619
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MO
Phone
3147338000
Tax Period
2022-07-01 to 2023-06-30

Ascension Foundation, founded in 2021, is a micro nonprofit that reported $2.0M in total revenue in fiscal year 2022. Revenue fell 102% from the prior year — a significant decline worth monitoring.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY CENTERED, HOLISTIC CARE, WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1
Expenses: $3,099,435 Revenue: $0

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

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THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. The Ascension Foundation is dedicated to addressing the root causes of health disparities in the United States. We believe in a future in which every person, every family, and every community can thrive. The Ascension Foundation is helping that future arrive more quickly by collaborating with established programs that are making a difference where it is needed most and seeking out innovators who can do even more. We are driven by our commitment to the common good and a conviction that together we can remove barriers to health equity for everyone. The timing is right to focus more intentionally on health disparities and enhance our impact that could be scaled across multiple communities, both within and outside of our Ascension footprint. We seek to develop novel programs that disrupt the cycle of generational poverty and create new pathways to economic stability for families and communities in need; support the creation of a future healthcare workforce that better reflects the race, ethnicity and cultural mix of the country; and explore new partnerships and technologies that more quickly connect people to resources that address the social determinants of health. We seek to work with organizations that are embedded in communities because they know where the needs are greatest and which solutions have the most potential for success. We invest in those already working to advance health equity, providing funding and other support that will help increase and accelerate their program outcomes. We bring a commitment to listening and learning and to seeking solutions together.

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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 (2022)

Revenue Breakdown

Contributions & Grants $400,000
Program Service Revenue $0
Investment Income $-2,376,829
Other Revenue $0
TOTAL REVENUE $-1,976,829

Expense Breakdown

Grants Paid $1,232,968
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,099,435
Other Expenses $3,732,936
TOTAL EXPENSES $4,965,904

Year-over-Year Comparison

2022 2021 Change
Revenue $-1,976,829 $98,235,012 -1.0%
Expenses $4,965,904 $2,351,374 +1.1%
Net Income $-6,942,733 $95,883,638 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
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
2
$1,946,774
Total Directors
3
$2,665,869
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/SENIOR VICE PRESIDENT 0.0
Officer Director
$0 $40,093 $934,850
N/A CHAIR 0.0
Officer Director
$0 $44,068 $1,011,924
N/A DIRECTOR 0.0
Director
$0 $47,146 $719,095
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 No data No data No data No data
2024 No data No data No data No data
2023 $-1,976,829 $4,965,904 $85,305,046 $-6,942,733
2022 $98,235,012 $2,351,374 $82,847,856 $95,883,638
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