ASBURY PARK FOUNDATION INC (EIN 481147494) - 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

DONALD VOTH

Phone

3167722657

Tax Period

2023-01-01 to 2023-12-31

ASBURY PARK FOUNDATION INC, founded in 1994, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $66K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $119K exceeded revenue, resulting in a 79% operating deficit.

Mission

HELP FURTHER THE PROGRAMS/MISSION OF ASBURY PARK, INC.

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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 $0

Investment Income $66,371

Other Revenue $0

TOTAL REVENUE $66,371

Expense Breakdown

Grants Paid $86,000

Salaries & Benefits $12,600

Fundraising Expenses $0

Program Expenses $86,000

Other Expenses $20,467

TOTAL EXPENSES $119,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,371	$35,525	+0.9%
Expenses	$119,067	$14,678	+7.1%
Net Income	$-52,696	$20,847	-3.5%

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

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

$12,600

Total Directors

$12,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROD KREIE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
VALLERIE GLEASON	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY KRUEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY DENNY	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD J VOTH	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$12,600	$0	$12,600

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	$66,371	$119,067	$2,236,164	$-52,696
2022	$35,525	$14,678	$1,727,632	$20,847
2021	$1,282,675	$9,286	$1,912,848	$1,273,389
2020	$5	No data	$441,493	No data
2019	$51	No data	$421,031	No data
2018	$5,307	No data	$420,980	No data

ASBURY PARK FOUNDATION INC