ASHLEY INC (EIN 521126145) - 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

1978

Legal Domicile

Principal Officer

ALEXANDER DENSTMAN

Phone

4102736600

Tax Period

2024-07-01 to 2025-06-30

ASHLEY INC, founded in 1978, is a mid-sized nonprofit in the Mental Health sector that reported $51.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.1M, a strong 24% operating margin.

Mission

PROVIDE A FOUNDATION FOR DISCOVERING A PATHWAY TO RECOVERY FROM SUBSTANCE-USE DISORDERS.

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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 $11,850,304

Program Service Revenue $33,807,321

Investment Income $5,671,874

Other Revenue $157,431

TOTAL REVENUE $51,486,930

Expense Breakdown

Grants Paid $2,182,262

Salaries & Benefits $23,611,010

Fundraising Expenses $2,242,230

Program Expenses $30,304,764

Other Expenses $13,196,118

TOTAL EXPENSES $39,378,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,486,930	$38,901,617	+0.3%
Expenses	$39,378,460	$36,561,006	+0.1%
Net Income	$12,108,470	$2,340,611	+4.2%

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

254

Volunteers

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

$1,111,216

Total Directors

Key Employees

$573,571

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER B DENSTMAN	PRESIDENT & CO-CEO	40.00	Officer	$398,674	$55,328	$454,002
JOSEPH G HOBELMANN	PRESIDENT & CO-CEO	40.00	Officer	$399,890	$48,500	$448,390
DANIEL BOCHICCHIO	VP, MEDICAL SERVICES	40.00	Key Emp	$290,459	$22,400	$312,859
MARK ANTHONY HUSHEN	VP, SPIRITUAL WELLNESS	40.00	Highest	$237,794	$31,168	$268,962
JENNIFER AGUGLIA	VP, CLINICAL SERVICES	40.00	Key Emp	$214,786	$45,926	$260,712
ELAINA MARIE DENU	CHIEF OF STAFF & CORPORATE SECRETARY	40.00	Officer	$177,202	$31,622	$208,824
KATRINA MILLSAPE	PSYCHIATRIC NURSE PRACTITIONER	40.00	Highest	$151,636	$40,008	$191,644
REBECCA WEBB MILLER	SR. DIRECTOR, BUSINESS DEVELOPMENT	40.00	Highest	$145,554	$38,412	$183,966
GEORGE JOSEPH GURRERA	SR. DIRECTOR, QUALITY COMPLIANCE & SAFETY	40.00	Highest	$166,384	$12,061	$178,445
LORI SCHULZ	DIRECTOR, FINANCE	40.00	Highest	$147,665	$13,496	$161,161
JOHN FINNERTY	CHAIR (A/O 2/25), VICE CHAIR PRIOR	1.00	Officer Director	$0	$0	$0
PHYLLIS RASKIN-HADLEY	VICE CHAIR (A/O 2/25)	1.00	Officer Director	$0	$0	$0
JAMES DENVIR	DIRECTOR, CHAIR (UNTIL 2/25)	1.00	Officer Director	$0	$0	$0
ROBERT JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE FENWICK	DIRECTOR	1.00	Director	$0	$0	$0
DR ERIC STRAIN	DIRECTOR	1.00	Director	$0	$0	$0
DEV GANESAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL BRUNS	DIRECTOR	1.00	Director	$0	$0	$0
TONI GRISWOLD	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE NOBLE-NANCE	DIRECTOR	1.00	Director	$0	$0	$0
DENISE BERTIN-EPP	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN DAVISSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIK BOHN	DIRECTOR (UNTIL 7/24)	1.00	Director	$0	$0	$0
TIMOTHY LEWIS	DIRECTOR (UNTIL 5/25)	1.00	Director	$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
2025	$51,486,930	$39,378,460	$138,676,239	$12,108,470
2024	No data	No data	No data	No data
2023	$36,843,339	$39,837,051	$118,130,547	$-2,993,712
2022	$42,078,296	$40,055,237	$119,452,490	$2,023,059
2021	$45,871,102	$38,105,006	$135,586,864	$7,766,096
2020	$38,520,689	$38,474,832	$121,065,648	$45,857
2019	$39,405,673	$35,999,823	$112,903,549	$3,405,850
2018	$32,330,853	$32,740,515	$107,847,711	$-409,662

ASHLEY INC