Ascension Services Inc (EIN 946101888) - 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

1962

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Ascension Services Inc, founded in 1962, is a small nonprofit that reported $546K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $641K exceeded revenue, resulting in a 17% operating deficit.

Mission

Primary purpose is to provide housing and related facilities and services for elderly persons. The corporation operates a low incom project that contains seventy-five housing units.

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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 $158,496

Program Service Revenue $385,768

Investment Income $2,209

Other Revenue $0

TOTAL REVENUE $546,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,644

Fundraising Expenses $0

Program Expenses $566,131

Other Expenses $566,837

TOTAL EXPENSES $641,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$546,473	$607,714	-0.1%
Expenses	$641,481	$493,441	+0.3%
Net Income	$-95,008	$114,273	-1.8%

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
Peter Krewko	Director	1.00	Director	$0	$0	$0
Linda Blanchard	Director	1.00	Director	$0	$0	$0
Sherry Leslie	Secretary	1.00	Officer Director	$0	$0	$0
Jimmie Johnson	President	1.00	Officer Director	$0	$0	$0
Jeanette Boatman	Vice President	1.00	Officer Director	$0	$0	$0
Nancy Jazuk	Treasury	1.00	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
2024	No data	No data	No data	No data
2023	$546,473	$641,481	$1,700,443	$-95,008
2022	$607,714	$493,441	$1,847,331	$114,273
2021	$630,377	$592,663	$1,761,156	$37,714
2020	$655,807	$548,575	$1,750,021	$107,232
2019	$642,488	$496,132	$1,623,298	$146,356

Ascension Services Inc