ASBURY HEALTH CENTER (EIN 250969472) - 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

1908

Legal Domicile

Principal Officer

DEBORAH BRODINE

Phone

4128643532

Tax Period

2023-01-01 to 2023-12-31

ASBURY HEALTH CENTER, founded in 1908, is a mid-sized nonprofit in the Human Services sector that reported $20.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $30.0M exceeded revenue, resulting in a 43% operating deficit.

Mission

ASBURY HEALTH CENTER IS A FAITH BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE LIVES OF OLDER ADULTS THROUGH HIGH-QUALITY COMPASSIONATE CARE.

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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 $208,175

Program Service Revenue $20,490,348

Investment Income $196,496

Other Revenue $0

TOTAL REVENUE $20,895,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,163,907

Fundraising Expenses $0

Program Expenses $28,662,868

Other Expenses $14,793,438

TOTAL EXPENSES $29,957,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,895,019	$18,663,928	+0.1%
Expenses	$29,957,345	$28,314,830	+0.1%
Net Income	$-9,062,326	$-9,650,902	-0.1%

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

170

Volunteers

N/A

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

$839,169

Total Directors

$654,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BONDI	PRESIDENT	1.00	Officer Director	$0	$64,571	$428,766
WILLIAM NIGRO	TREASURER & CFO	1.00	Officer Director	$0	$29,764	$225,874
AUDREY BURGOON	SECRETARY	32.00	Officer	$0	$23,386	$184,529
HOLLY VILLELLA	ADMINISTRATOR SL	40.00	Highest	$138,759	$15,890	$154,649
LISA OSBORNE	DIRECTOR OF NURSING, SN	40.00	Highest	$118,366	$35,044	$153,410
HONGYAN LI	PROFESSIONAL STAFF NURSE, BSN, SN	40.00	Highest	$112,547	$25,165	$137,712
FAROGAT RIZAEVA	SENIOR PROFESSIONAL NA II	40.00	Highest	$112,866	$16,135	$129,001

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	$20,895,019	$29,957,345	$25,744,993	$-9,062,326
2022	$18,663,928	$28,314,830	$27,480,764	$-9,650,902
2021	$18,448,010	$27,223,744	$29,825,667	$-8,775,734
2020	$21,451,987	$26,213,250	$31,781,523	$-4,761,263
2019	$21,726,246	$24,411,133	$25,052,788	$-2,684,887
2018	$22,248,299	$23,292,409	$25,028,434	$-1,044,110

ASBURY HEALTH CENTER