Ashville Senior Housing Association (EIN 311328442) - 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

1990

Legal Domicile

Phone

7404772514

Tax Period

2024-01-01 to 2024-12-31

Ashville Senior Housing Association, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $318K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $365K exceeded revenue, resulting in a 15% operating deficit.

Mission

To provide subsidized housing

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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 $0

Program Service Revenue $318,096

Investment Income $104

Other Revenue $0

TOTAL REVENUE $318,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $340,169

Other Expenses $364,741

TOTAL EXPENSES $364,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,200	$280,458	+0.1%
Expenses	$364,741	$352,205	+0.0%
Net Income	$-46,541	$-71,747	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Claibourne	President	N/A	Officer Director	$0	$0	$0
Ross Crego	Treasurer	N/A	Officer Director	$0	$0	$0
Rodger Southward	Vice President	N/A	Officer Director	$0	$0	$0
Keith Deel	Committees	N/A	Director	$0	$0	$0
Shirley Smith	Committees	N/A	Director	$0	$0	$0
Pat Southward	Committees	N/A	Director	$0	$0	$0
Dan Litzinger	Committees	N/A	Director	$0	$0	$0
Joy Ewing	Executive Director	7	Key Emp	$0	$0	$0
Dale Hendrix	Maintenance Manager	12	Key Emp	$0	$0	$0
Tammy McGlone	Tammy McGlone	6	Key Emp	$0	$0	$0
Tonya Van Fossen	Executive Director Assistant	12	Key Emp	$0	$0	$0

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	$318,200	$364,741	$751,077	$-46,541
2023	$280,458	$352,205	$793,032	$-71,747
2022	$283,652	$346,329	$870,966	$-62,677
2021	$270,015	$333,955	$923,140	$-63,940
2020	$267,932	$316,211	$983,705	$-48,279
2019	$268,143	$295,395	$1,031,122	$-27,252
2018	$263,780	$306,397	$1,058,275	$-42,617

Ashville Senior Housing Association