ASBURY COMMUNITIES HCBS INC (EIN 450634490) - 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

2011

Legal Domicile

Principal Officer

SHAUN SMITH

Phone

3012502100

Tax Period

2023-01-01 to 2023-12-31

ASBURY COMMUNITIES HCBS INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 36% operating deficit.

Mission

EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY AND GRACE.

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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 $0

Program Service Revenue $1,775,013

Investment Income $1,066

Other Revenue $44,918

TOTAL REVENUE $1,820,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,542,546

Fundraising Expenses $0

Program Expenses $1,175,303

Other Expenses $927,366

TOTAL EXPENSES $2,469,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,820,997	$2,759,910	-0.3%
Expenses	$2,469,912	$2,869,791	-0.1%
Net Income	$-648,915	$-109,881	+4.9%

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

$1,502,878

Total Directors

$1,502,878

Key Employees

$230,487

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUN SMITH	CHAIR/PRESIDENT	1.00	Officer Director	$0	$40,149	$414,999
ANDREW JEANNERET	TREASURER	1.00	Officer Director	$0	$36,244	$616,861
ANDREW JOSEPH	SECRETARY	1.00	Officer Director	$0	$29,015	$471,018
JUDITH ROGERS FRUITERMAN	EXECUTIVE DIRECTOR	40.00	Key Emp	$0	$7,847	$230,487
AMY MEEKINS	PHYSICAL THERAPIST	40.00	Highest	$0	$12,453	$119,498

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	$1,820,997	$2,469,912	$1,865,392	$-648,915
2022	$2,759,910	$2,869,791	$1,823,147	$-109,881
2021	$3,298,050	$3,128,285	$2,192,179	$169,765
2021	$2,672,925	$3,128,285	$2,192,179	$-455,360
2020	$3,654,379	$4,261,784	$2,002,664	$-607,405
2019	$4,297,089	$5,220,340	$2,021,355	$-923,251
2018	$4,111,586	$4,643,712	$1,902,157	$-532,126

ASBURY COMMUNITIES HCBS INC