ASCENT ADVENTIST ACADEMY (EIN 882963443) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

JUSTIN MCNEILUS

Phone

5075351600

Tax Period

2024-01-01 to 2024-12-31

ASCENT ADVENTIST ACADEMY, founded in 2022, is a small nonprofit in the Education sector that reported $263K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 40% operating margin.

Mission

ASCENT ACADEMY IS A NON-PROFIT PRIVATE SCHOOL IN MINNESOTA, SERVING GIFTED AND TWICE-EXCEPTIONAL STUDENTS WITH PERSONALIZED LEARNING PLANS ACCELERATION, AND CREATIVE AND ACADEMIC ENRICHMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $254,100

Program Service Revenue $4,450

Investment Income $4,053

Other Revenue $0

TOTAL REVENUE $262,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,165

Fundraising Expenses $0

Program Expenses $106,199

Other Expenses $64,319

TOTAL EXPENSES $157,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,603	$159,500	+0.6%
Expenses	$157,484	$140,879	+0.1%
Net Income	$105,119	$18,621	+4.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN MCNEILUS	PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
MARILEE MCNEILUS DECEASED 2025	TREASURER	2.00	Officer Director	$0	$0	$0
DAN BOYUM	DIRECTOR	1.00	Director	$0	$0	$0
MISTY WOOD	DIRECTOR	1.00	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
2024	$262,603	$157,484	$181,473	$105,119

ASCENT ADVENTIST ACADEMY