ASBURY PLACE (EIN 251729266) - 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

1994

Legal Domicile

Principal Officer

DEBORAH BRODINE

Phone

4128643532

Tax Period

2024-01-01 to 2024-12-31

ASBURY PLACE, founded in 1994, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $480K, a strong 35% operating margin.

Mission

ASBURY PLACE 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 (2024)

Revenue Breakdown

Contributions & Grants $68,233

Program Service Revenue $852,511

Investment Income $0

Other Revenue $454,293

TOTAL REVENUE $1,375,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $485,858

Fundraising Expenses $0

Program Expenses $845,991

Other Expenses $409,579

TOTAL EXPENSES $895,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,375,037	$2,908,118	-0.5%
Expenses	$895,437	$2,982,184	-0.7%
Net Income	$479,600	$-74,066	-7.5%

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

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

$830,838

Total Directors

$596,859

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BONDI	PRESIDENT	1.00	Officer Director	$0	$31,485	$520,155
AUDREY BURGOON	SECRETARY	4.00	Officer Director	$0	$11,566	$76,704
WILLIAM NIGRO	TREASURER & CFO	1.00	Officer	$0	$8,100	$233,979

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	$1,375,037	$895,437	$1,506,329	$479,600
2023	$2,908,118	$2,982,184	$2,564,215	$-74,066
2022	$2,731,744	$2,783,101	$2,815,388	$-51,357
2021	$2,572,538	$2,668,162	$3,062,660	$-95,624
2020	$3,217,052	$2,915,167	$3,436,367	$301,885
2019	$3,354,237	$2,851,673	$3,198,802	$502,564
2018	$3,297,297	$2,677,649	$3,052,157	$619,648

ASBURY PLACE