OLD LADIES HOME D/B/A ASHLAND TERRACE

EIN: 237082862 501(c)(3)

LEXINGTON, KY

Total Revenue
$1,437,337
Total Expenses
$1,247,406
Total Assets
$5,719,678
Net Assets
$5,663,926
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
KY
Principal Officer
KELLY WEBER
Phone
8592662581
Tax Period
2024-01-01 to 2024-12-31

OLD LADIES HOME D/B/A ASHLAND TERRACE, founded in 1923, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 13% surplus.

Mission

THE ASHLAND TERRACE STAFF AND BOARD OF DIRECTORS ARE DEDICATED TO PROVIDING A SECURE, FRIENDLY, AFFORDABLE HOME TO WOMEN SIXTY YEARS AND OLDER. AS A CONGREGATE SENIOR LIVING COMMUNITY, ASHLAND TERRACE STRIVES TO NURTURE RESIDENTS SPIRITUALLY, PHYSICALLY, AND MENTALLY TO ENHANCE THEIR RETIREMENT YEARS, AND ASSIST THEM WITHIN THE BOUNDARIES PRESCRIBED BY LAW TO FUNCTION INDEPENDENTLY. IN KEEPING WITH THE ORIGINAL PURPOSE OF THE HOME, ASHLAND TERRACE, A NON-PROFIT FACILITY, STRIVES TO MAINTAIN THE HIGHEST POSSIBLE SERVICE AND STANDARDS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $349,727
Program Service Revenue $640,028
Investment Income $318,146
Other Revenue $129,436
TOTAL REVENUE $1,437,337

Expense Breakdown

Grants Paid $0
Salaries & Benefits $668,999
Fundraising Expenses $0
Program Expenses $988,805
Other Expenses $578,407
TOTAL EXPENSES $1,247,406

Year-over-Year Comparison

2024 2023 Change
Revenue $1,437,337 $1,151,368 +0.2%
Expenses $1,247,406 $1,225,308 +0.0%
Net Income $189,931 $-73,940 -3.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
26
Volunteers
35

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
$105,140
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRAHAM ROWLES PRESIDENT 1.00
Director
$0 $0 $0
MARILYN GALL VICE-PRESIDENT 1.00
Director
$0 $0 $0
JANE KNAPP SECRETARY 1.00
Director
$0 $0 $0
CHRIS BESTEN TREASURER 1.00
Director
$0 $0 $0
CAMERON HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
JIM MCGEE DIRECTOR 1.00
Director
$0 $0 $0
RANDY KEMPER DIRECTOR TILL APRIL 1.00
Director
$0 $0 $0
JACQUI DENEGRI DIRECTOR AS OF MAY 1.00
Director
$0 $0 $0
ALLISON CONNELLY DIRECTOR AS OF MAY 1.00
Director
$0 $0 $0
KATIE FINNELL DIRECTOR 1.00
Director
$0 $0 $0
MARY VENEZIE DIRECTOR AS OF MAY 1.00
Director
$0 $0 $0
LAURA HAYDEN DIRECTOR 1.00
Director
$0 $0 $0
KIRTLAND ROACH DIRECTOR 1.00
Director
$0 $0 $0
JERRY STOUT DIRECTOR 1.00
Director
$0 $0 $0
ALEX WILCOX DIRECTOR AS OF MAY 1.00
Director
$0 $0 $0
KELLY WEBER EXECUTIVE DIRECTOR 40.00
Officer
$91,615 $13,525 $105,140
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 $1,437,337 $1,247,406 $5,719,678 $189,931
2023 $1,151,368 $1,225,308 $5,446,848 $-73,940
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