Ascent Classical Foundation

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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

2021

Legal Domicile

Principal Officer

Derec Shuler

Phone

7207286300

Tax Period

2022-01-01 to 2022-06-30

Ascent Classical Foundation, founded in 2021, is a small nonprofit that reported $296K in total revenue in fiscal year 2022. The organization ran a surplus of $249K, a strong 84% operating margin.

Mission

The Ascent Classical Foundation seeks to preserve and promote the best of the Western tradition, to pass this heritage along to current and future generations.

Program Service Accomplishments

Program 1

Expenses: $47,437

The Ascent Classical Foundation supports and promotes classical education by assisting to expand educational options for families desiring their children to learn in a content-rich, liberal arts...

The Ascent Classical Foundation supports and promotes classical education by assisting to expand educational options for families desiring their children to learn in a content-rich, liberal arts environment.

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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 (2022)

Revenue Breakdown

Contributions & Grants $296,275

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $296,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,437

Other Expenses $47,550

TOTAL EXPENSES $47,550

Year-over-Year Comparison

	2022	2021	Change
Revenue	$296,275	N/A	N/A
Expenses	$47,550	N/A	N/A
Net Income	$248,725	$0	N/A

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

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
Derec Shuler	President	5.00	Officer Director	$0	$0	$0
Stacey Bowman	Secretary	5.00	Officer Director	$0	$0	$0
Chris Scott	Treasurer	5.00	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
2022	$296,275	$47,550	$296,042	$248,725