ASBURY FOUNDATION (EIN 251555688) - 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

1985

Legal Domicile

Principal Officer

DEBORAH BRODINE

Phone

4128643532

Tax Period

2023-01-01 to 2023-12-31

ASBURY FOUNDATION, founded in 1985, is a small nonprofit that reported $783K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $723K left a modest 8% surplus.

Mission

THE ASBURY FOUNDATION RAISES FUNDS TO ASSIST IN SUBSIDIZING THE BENEVOLENT CARE PROGRAM, PROGRAM ACTIVITIES, AND CAPITAL IMPROVEMENTS OF ASBURY HEIGHTS OF UPMC, ASBURY PLACE, ASBURY VILLAS, WESLEY HILLS, AND ASBURY HEALTH CENTER.

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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 $538,349

Program Service Revenue $0

Investment Income $244,249

Other Revenue $0

TOTAL REVENUE $782,598

Expense Breakdown

Grants Paid $549,037

Salaries & Benefits $77,444

Fundraising Expenses $153,465

Program Expenses $549,037

Other Expenses $96,471

TOTAL EXPENSES $722,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$782,598	$2,042,514	-0.6%
Expenses	$722,952	$925,433	-0.2%
Net Income	$59,646	$1,117,081	-0.9%

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

N/A

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	1.00	Officer	$0	$23,386	$184,529

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	$782,598	$722,952	$6,897,420	$59,646
2022	$2,042,514	$925,433	$10,552,954	$1,117,081
2021	$461,891	$931,124	$5,118,417	$-469,233
2020	$3,221,407	$779,347	$4,392,243	$2,442,060
2019	$330,165	$38,044	$1,789,192	$292,121
2018	$1,180,205	$1,323,064	$1,244,640	$-142,859

ASBURY FOUNDATION