ASCENSION LIVING ST VINCENT PACE I… - Form 990 Financial Data

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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

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

ASCENSION LIVING ST VINCENT PACE INC, founded in 2021, is a micro nonprofit that reported $14K in total revenue in fiscal year 2022.

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: $760,349 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...

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. ASCENSION LIVING ST VINCENT PACE, INSPIRED BY THE HEALING MISSION OF THE CATHOLIC CHURCH TO THE ELDERLY, HAVE INCURRED PROGRAM RELATED EXPENSES AS THEY PREPARE TO OPEN. ONCE OPEN, THEY PLAN TO PROVIDE IN-HOME AND COMMUNITY SERVICES TO ELDERLY AND DISABLED PERSONS. ST VINCENT PACE WILL OFFER THE PACE PROGRAM (ALL-INCLUSIVE CARE FOR THE ELDERLY), WHICH IS AN ALTERNATIVE TO NURSING HOME CARE FOR THOSE WHO REQUIRE LONG-TERM HEALTH CARE BUT WISH TO REMAIN LIVING IN THEIR OWN HOME. THE PROGRAM HELPS PEOPLE LIVE AT HOME, RECEIVE LONG TERM CARE SERVICES AND STILL REMAIN PART OF THEIR COMMUNITY. ST VINCENT PACE WILL SERVE PEOPLE IN THE GREATER INDIANAPOLIS METRO AREA, ACROSS 47 ZIP CODES AND 11 COUNTIES INCLUDING: BOONE; CLINTON; DELAWARE; HAMILTON; HANCOCK; HENDRICKS; MADISON; MARION; MORGAN; RUSH; AND SHELBY COUNTIES. A TREND OF SIGNIFICANCE IN THE COMMUNITY IS THE GROWING ELDERLY POPULATION, TO ADDRESS THIS TREND, ST VINCENT PACE IS COLLABORATING WITH OTHER COMMUNITY ORGANIZATIONS, INCLUDING BUT NOT LIMITED TO: MEALS ON WHEELS; AND NURSING EDUCATION ORGANIZATIONS TO PROVIDE SERVICES AND EDUCATION TO THE ELDERLY IN FISCAL YEAR 2023. IN FISCAL YEAR 2023, AN AVERAGE OF 0 PARTICIPANTS WERE PROVIDED CARE AND SERVICES THROUGH PACE.

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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 $0

Program Service Revenue $0

Investment Income $-14,423

Other Revenue $0

TOTAL REVENUE $-14,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,925,733

Fundraising Expenses $0

Program Expenses $760,349

Other Expenses $371,264

TOTAL EXPENSES $2,296,997

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-14,423	$-4,211	+2.4%
Expenses	$2,296,997	$230,360	+9.0%
Net Income	$-2,311,420	$-234,571	+8.9%

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

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

$3,809,540

Total Directors

$4,114,983

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT & CEO, ASCENSION LIVING (END 8/2022)	0.0	Officer Director	$0	$25,705	$901,205
N/A	DIRECTOR/SENIOR VP, POST-ACUTE AND AT-HOME SERVICES	0.0	Officer Director	$0	$25,944	$389,034
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	0.0	Officer Director	$0	$50,655	$2,038,328
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	0.0	Director	$0	$48,272	$786,416
N/A	CFO, ASCENSION LIVING	0.0	Officer	$0	$42,377	$480,973

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	$-14,423	$2,296,997	$13,707,601	$-2,311,420
2022	$-4,211	$230,360	$8,611,036	$-234,571

ASCENSION LIVING ST VINCENT PACE INC