ASHBY PONDS INC

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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

2006

Legal Domicile

Principal Officer

MONTY LEONARD

Phone

7037231999

Tax Period

2023-01-01 to 2023-12-31

ASHBY PONDS INC, founded in 2006, is a major nonprofit in the Human Services sector that reported $102.8M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $114.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - ASHBY PONDS, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Program Service Accomplishments

Program 1

Expenses: $99,769,554 Revenue: $99,321,272

ASHBY PONDS PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,392 INDEPENDENT LIVING UNITS, 55 ASSISTED LIVING UNITS, 44 SKILLED NURSING UNITS, AND 36 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.

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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 $2,453,716

Program Service Revenue $99,321,272

Investment Income $808,943

Other Revenue $224,169

TOTAL REVENUE $102,808,100

Expense Breakdown

Grants Paid $376,094

Salaries & Benefits $37,648,164

Fundraising Expenses $235,590

Program Expenses $99,769,554

Other Expenses $76,088,124

TOTAL EXPENSES $114,112,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,808,100	$117,737,314	-0.1%
Expenses	$114,112,382	$132,273,275	-0.1%
Net Income	$-11,304,282	$-14,535,961	-0.2%

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

1286

Volunteers

100

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

$1,074,679

Total Directors

$1,340,000

Key Employees

$161,367

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONTY C LEONARD	CHAIR & PRESIDENT	0.60	Officer Director	$0	$0	$87,500
EILEEN G ERSTAD	VICE CHAIR & VP/TREASURER	0.90	Officer Director	$0	$0	$167,500
MARY D COLINS	SECRETARY	0.10	Officer Director	$0	$0	$150,000
BARBARA C BISGAIER	DIRECTOR	0.10	Director	$0	$0	$110,000
PATRICIA M BROWN	DIRECTOR	0.10	Director	$0	$0	$87,500
IAN BROWN	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
REV DR ZINA JACQUE	DIRECTOR	0.10	Director	$0	$0	$215,000
PAMELA D PAULK	DIRECTOR	0.10	Director	$0	$0	$87,500
STEPHANIE L REEL	DIRECTOR	0.10	Director	$0	$0	$150,000
MICHAEL W ROSKIEWICZ	DIRECTOR	0.10	Director	$0	$0	$110,000
RUSSELL SHARP	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
C JACKSON BAIN	DIRECTOR (THRU 3/31/23)	0.10	Director	$0	$0	$22,500
ARNOLD SPEERT	DIRECTOR (THRU 3/31/23)	0.10	Director	$0	$0	$22,500
JOHN HALL	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
CHRIS RATHMANN	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
NEAL GANTERT	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
MARK EMBLEY	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
WILLIAM NANCE	EXECUTIVE DIRECTOR (THRU 7/9/23)	40.00	Officer	$158,103	$20,861	$324,586
GREGORY FREEMAN	DIRECTOR, FINANCE (THRU 12/10/23)	40.00	Officer	$137,082	$7,713	$153,163
TOM CHANNON	EXECUTIVE DIRECTOR (BEG 7/9/23)	40.00	Officer	$121,572	$9,638	$131,210
JASON HEALEY	DIRECTOR, FINANCE (BEG 8/6/23)	40.00	Officer	$58,852	$1,868	$60,720
GISELE KOUEVI	DIRECTOR, NURSING	40.00	Key Emp	$156,604	$4,763	$161,367
DANA BRADSHAW	SALES COUNSELOR	40.00	Highest	$134,979	$27,924	$162,903
AMANDA FEIGENHEIMER	NURSE PRACTIONER, EHWB	40.00	Highest	$134,217	$4,316	$138,533
AASHEE GUPTA	MANAGER, REHABILITATION	40.00	Highest	$137,206	$15,740	$152,946
ERIKA YOUNG	ASSISTANT ADMIN CONTINUING CARE	40.00	Highest	$120,105	$123	$120,228
DOUG BRADSHAW	SENIOR MANAGER, FACILITIES	40.00	Highest	$124,409	$13,661	$138,070

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	$102,808,100	$114,112,382	$613,598,346	$-11,304,282
2022	$117,737,314	$132,273,275	$1,123,470,050	$-14,535,961
2021	$105,782,483	$117,903,102	$1,081,002,554	$-12,120,619
2020	$96,815,463	$103,567,509	$974,898,998	$-6,752,046
2019	$88,246,844	$92,922,448	$762,046,134	$-4,675,604
2018	$77,435,384	$94,035,904	$675,159,702	$-16,600,520