ASBURY ATLANTIC INC (EIN 520607956) - 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

1945

Legal Domicile

Principal Officer

DOUG LEIDIG

Phone

3012502100

Tax Period

2023-01-01 to 2023-12-31

ASBURY ATLANTIC INC, founded in 1945, is a major nonprofit in the Human Services sector that reported $198.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $183.8M left a modest 7% surplus.

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 $13,258,053

Program Service Revenue $178,324,472

Investment Income $6,640,597

Other Revenue $163,091

TOTAL REVENUE $198,386,213

Expense Breakdown

Grants Paid $3,495,628

Salaries & Benefits $73,380,883

Fundraising Expenses $666,604

Program Expenses $137,636,269

Other Expenses $106,919,785

TOTAL EXPENSES $183,796,296

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,386,213	$178,616,502	+0.1%
Expenses	$183,796,296	$179,927,156	+0.0%
Net Income	$14,589,917	$-1,310,654	-12.1%

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

320

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

$1,557,723

Total Directors

$476,444

Key Employees

$1,051,795

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD ANDREWS	PRESIDENT/EX-OFFICIO	2.00	Officer Director	$0	$29,993	$445,844
JEFFREY ERNICO	CHAIR	2.00	Officer Director	$0	$0	$15,000
EFONDA SPROLES	VICE CHAIR	2.00	Officer Director	$0	$0	$10,000
RICHARD SHUMAN	DIRECTOR	2.00	Director	$0	$0	$5,600
BARBARA HARBISON	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW JEANNERET	TREASURER	1.00	Officer	$0	$36,244	$616,861
ANDREW JOSEPH	SECRETARY	1.00	Officer	$0	$29,015	$470,018
MICHELLE POTTER	EXECUTIVE DIRECTOR (AMV)	40.00	Key Emp	$0	$29,198	$323,091
BRIAN GRUNDUSKY	EXECUTIVE DIRECTOR (SH)	40.00	Key Emp	$0	$27,252	$280,789
KELLY FRIEDMAN	EXECUTIVE DIRECTOR (AS)	40.00	Key Emp	$0	$26,999	$269,631
AARON PRAETZEL	EXECUTIVE DIRECTOR (BV)	40.00	Key Emp	$0	$22,183	$178,284
JD SHUMAN	FOUNDATION PRESIDENT/CEO	1.00	Highest	$0	$23,288	$444,341
RACHEL KARISH	ASSOCIATE EXECUTIVE DIRECT	40.00	Highest	$0	$23,536	$235,171
JEANETTE LUKULAY	NURSE, RN	40.00	Highest	$0	$14,986	$205,207
SUSAN MAYERNICK	EVP, FOUNDATION	40.00	Highest	$0	$34,057	$274,322
SUSAN AVITAN	SR DIRECTOR FOUNDATION	40.00	Highest	$0	$15,252	$175,217

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	$198,386,213	$183,796,296	$547,451,129	$14,589,917
2022	$178,616,502	$179,927,156	$527,202,855	$-1,310,654
2020	$182,270,716	$166,563,399	$494,202,745	$15,707,317
2019	$174,395,209	$159,243,785	$494,519,761	$15,151,424
2018	$165,495,758	$157,350,618	$480,547,177	$8,145,140

ASBURY ATLANTIC INC