ASCEND CARES 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

2011

Legal Domicile

Principal Officer

ANDREW RALSTON

Phone

7133515700

Tax Period

2023-01-01 to 2023-12-31

ASCEND CARES FOUNDATION, founded in 2011, is a community nonprofit in the Public Safety sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

ASCEND CARES FOUNDATION (THE "CORPORATION") IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 IN FURTHERANCE OF SUCH PURPOSES, THE CORPORATION SHALL PROVIDE AID TO VICTIMS OF NATURAL OR CIVIL DISASTERS OR EMERGENCY HARDSHIPS AND SUPPORT THE EFFORTS OF RELIEF ORGANIZATIONS THAT PROVIDE AID TO VICTIMS OF NATURAL OR CIVIL DISASTERS OR EMERGENCY HARDSHIPS. ASCEND CARES COORDINATES VOLUNTEERS AND PROVIDES FINANCIAL SUPPORT TO 501(C)(3) ORGANIZATIONS THAT SUPPORT CHILDREN'S HEALTH AND SAFETY, EDUCATION, HOUSING, HUNGER AND THE MILITARY.

Program Service Accomplishments

Program 1

Expenses: $1,317,592 Revenue: $0

THE ASCEND CARES FOUNDATION SERVES ALL AREAS WHERE ASCEND PERFORMANCE MATERIALS HAS A PRESENCE BY FUNDING VARIOUS NONPROFITS PROGRAMS, AND PROJECTS BENEFITTING THE NEEDY AND THE COMMUNITY AS A WHOLE.

Program 2

Expenses: $218,929 Revenue: $0

THE ASCEND CARES FOUNDATION AWARDS SCHOLARSHIPS BASED ON FINANCIAL NEED ACADEMIC PERFORMANCE AND COMMUNITY SERVICE. APPLICANTS EXPLAIN THEIR FINANCIAL NEED AND COMMUNITY SERVICE IN AN ESSAY FORMAT...

THE ASCEND CARES FOUNDATION AWARDS SCHOLARSHIPS BASED ON FINANCIAL NEED ACADEMIC PERFORMANCE AND COMMUNITY SERVICE. APPLICANTS EXPLAIN THEIR FINANCIAL NEED AND COMMUNITY SERVICE IN AN ESSAY FORMAT; PAYMENTS ARE MADE DIRECTLY TO THE SCHOOL. TO BE ELIGIABLE, APPLICANTS MUST ATTEND A 4 YEAR COLLEGE OR JUNIOR COLLEGE, AND MUST BE CHILDREN OR DEPENDENTS OF EMPLOYEES IN GOOD STANDING. IN 2023, 103 SCHOLARSHIPS WERE AWARDED.

Program 3

Expenses: $89,757 Revenue: $0

THE PURPOSE OF THE GRANT IS TO SUPPORT SEVERAL ASCEND EMPLOYEES AND THEIR FAMILY MEMBERS DURING ILLNESS OR DISASTER. TO BE ELIGIBLE THE EMPLOYEE FILLS OUT AN APPLICATION FOR ASSISTANCE AND IS...

THE PURPOSE OF THE GRANT IS TO SUPPORT SEVERAL ASCEND EMPLOYEES AND THEIR FAMILY MEMBERS DURING ILLNESS OR DISASTER. TO BE ELIGIBLE THE EMPLOYEE FILLS OUT AN APPLICATION FOR ASSISTANCE AND IS APPROVED BY THE ASCEND CARES COMMITTEE. 31 HARDSHIP GRANTS WERE GIVEN DURING 2023.

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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 $1,436,251

Program Service Revenue $0

Investment Income $0

Other Revenue $299,525

TOTAL REVENUE $1,735,776

Expense Breakdown

Grants Paid $1,626,278

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,894,814

Other Expenses $268,536

TOTAL EXPENSES $1,894,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,735,776	$1,675,738	+0.0%
Expenses	$1,894,814	$1,891,878	+0.0%
Net Income	$-159,038	$-216,140	-0.3%

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

N/A

Employees

N/A

Volunteers

1650

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
PHIL MCDIVITT	DIRECTOR	40	Director	$0	$0	$0
ANDREW RALSTON	SECRETARY	40	Officer Director	$0	$0	$0
TOM BOGGS	CHAIR	45	Officer Director	$0	$0	$0
SCOTTY HALL	DIRECTOR	40	Director	$0	$0	$0
MIMI SMITH	DIRECTOR	40	Director	$0	$0	$0
RACHELL GOLD	EXECUTIVE DIRECTOR	40	Officer Director	$0	$0	$0
MICHAEL WALTERS	DIRECTOR	40	Director	$0	$0	$0
RIZ AMANULLAH	DIRECTOR	40	Director	$0	$0	$0
HAL MCCORD	DIRECTOR	40	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	No data	No data	No data	No data
2023	$1,735,776	$1,894,814	$318,620	$-159,038
2022	$1,675,738	$1,891,878	$729,356	$-216,140
2021	$1,549,131	$1,145,727	$948,154	$403,404
2020	$1,104,000	$1,501,929	$491,671	$-397,929