THE ASCLEPIUS INITIATIVE INC

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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

SUSAN BORNSTEIN

Tax Period

2023-07-01 to 2024-06-30

THE ASCLEPIUS INITIATIVE INC, founded in 2021, is a small nonprofit in the Health Care sector that reported $613K in total revenue in fiscal year 2023. The organization ran a surplus of $121K, a strong 20% operating margin.

Mission

IMPROVE THE HEALTH AND ECONOMIC STABILITY OF KENTUCKIANS THROUGH EDUCATING, INSPIRING, AND MOBILIZING PEOPLE TO ADVOCATE FOR A UNIVERSALLY ACCESSIBLE, AFFORDABLE, EQUITABLE, AND HIGH-QUALITY HEALTHCARE DELIVERY SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $480,940

HEALTH CARE COVERAGE LITERACY EDUCATION IN BLACK, SPANISH-SPEAKING & RURAL POPULATIONS IN KENTUCKY, GROUPS WHICH ARE KNOWN TO BE LESS LIKELY TO BE INSURED, HAVE WORSE HEALTH OUTCOMES, AND LOWER...

HEALTH CARE COVERAGE LITERACY EDUCATION IN BLACK, SPANISH-SPEAKING & RURAL POPULATIONS IN KENTUCKY, GROUPS WHICH ARE KNOWN TO BE LESS LIKELY TO BE INSURED, HAVE WORSE HEALTH OUTCOMES, AND LOWER HEALTHCARE COVERAGE LITERACY RATES.

Program 2

Expenses: $4,738

FOCUS GROUP STUDY TO UNDERSTAND THE DISCONNECT BETWEEN KENTUCKYS RELATIVELY LOW (HEALTH) UNINSURANCE RATE AND ITS POOR HEALTH OUTCOME STATUS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $613,101

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $613,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,409

Fundraising Expenses $4,207

Program Expenses $485,678

Other Expenses $211,223

TOTAL EXPENSES $491,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$613,101	N/A	N/A
Expenses	$491,632	N/A	N/A
Net Income	$121,469	N/A	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

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

$70,041

Total Directors