Ascend Financial

EIN 93-1877774 Public charity (501(c)(3)) Knoxville, TN NTEE S20
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Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Ascend Financial is a community improvement nonprofit based in Knoxville, TN, formed in 2023. For fiscal year 2025 it reported $100K in revenue, $93K in expenses, and $7K in net assets.Pt I

Founded
2023
Type
Public charity (501(c)(3)) · Community Development
Location
Knoxville, TN
Website
www.ascendfinancialtn.org
Filings
1 on file (2025–2025)
Revenue
$100KFY2025
Expenses
$93K
Net assets
$7K
People
12
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Provided by the organization

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Size
$100K–1M
What they do
a community improvement nonprofit
Leadership
Trina J Gallman · Board Member
Money in and out
$100K revenue, $93K expenses
Bottom line
85% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Yes — filed FY2025

Details →

Spent on programs?

good 85% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

Details →

Not in filings yet: foundation funders

Where the money goes · FY2025
Total revenue
$100K
Pt VIII · Ln 12
Total expenses
$93K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs
Operating runway
9.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$71K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAscend Financial
EINHdr · item D93-1877774
Principal addressHdr · item CKnoxville, TN
WebsiteHdr · item Jwww.ascendfinancialtn.org
Year of formationHdr · item L2023
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJul 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Ascend Financial executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $79K of program spending, described in the organization's own filed words · FY2025.
01

Providing access to alternative financing for individuals in under-resourced communities.

$79Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$100K
— government grantsLn 1e$100K
Total revenueLn 12$100K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$79K
Management & general15%$14K
Total functional expensesLn 25$93K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$71K
Total liabilitiesLn 26$65K
Total net assetsLn 32$7K
Months of cash on handcomputed9.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $70K · Operating expenses/yr $93K
9.1 months
Where the money goes
Program services
Program services $79K · Total expenses $93K
85%
Management & General
Management & general $14K · Total expenses $93K
15%
Fundraising
Fundraising $0 · Total expenses $93K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $100K · Total revenue $100K
100%
Government reliance
Government grants $100K · Total revenue $100K
100%
Earned-income share
Program service revenue $0 · Total revenue $100K
0%
Investment reliance
Investment income $0 · Total revenue $100K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $93K
0%
Growth & trend
Revenue growth (YoY)
This year $100K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $7K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $100K · Expenses $93K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $71K
—
Net-asset ratio
Net assets $7K · Total assets $71K
9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $71K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Trina J Gallman · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $93K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $93K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 15%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$100K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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