ASBURY FOUNDATION INC

EIN: 521862674 501(c)(3) Philanthropy & Grantmaking

FREDERICK, MD

Total Revenue
$11,557,277
Total Expenses
$12,293,098
Total Assets
$57,936,966
Net Assets
$37,339,157
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MD
Principal Officer
JD SHUMAN
Phone
3012502100
Tax Period
2023-01-01 to 2023-12-31

ASBURY FOUNDATION INC, founded in 1994, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $11.6M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Net assets of $37.3M represent 39 months of operating reserves.

Mission

SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,147,869
Program Service Revenue $0
Investment Income $1,411,264
Other Revenue $-1,856
TOTAL REVENUE $11,557,277

Expense Breakdown

Grants Paid $10,563,948
Salaries & Benefits $0
Fundraising Expenses $1,391,858
Program Expenses $10,863,942
Other Expenses $1,729,150
TOTAL EXPENSES $12,293,098

Year-over-Year Comparison

2023 2022 Change
Revenue $11,557,277 $17,996,340 -0.4%
Expenses $12,293,098 $7,595,754 +0.6%
Net Income $-735,821 $10,400,586 -1.1%
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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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$1,531,221
Total Directors
10
$1,500,874
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS LEIDIG ACOMM PRESIDENT/CEO, EX-OFFICIO 1.00
Director
$0 $36,279 $1,056,533
JD SHUMAN PRESIDENT/CEO/EX-OFFICIO 39.00
Officer Director
$0 $23,288 $444,341
CAROLYN STAMATAKIS CHAIR 2.00
Officer Director
$0 $0 $0
LOANN BURIAN DIRECTOR 2.00
Director
$0 $0 $0
ROBERT BURKE DIRECTOR 2.00
Director
$0 $0 $0
MARY ANNE MOREFIELD DIRECTOR 2.00
Director
$0 $0 $0
RICHARD STANG DIRECTOR 2.00
Director
$0 $0 $0
SARA TAPIERO DIRECTOR 2.00
Director
$0 $0 $0
RICHARD DICK VERT DIRECTOR 2.00
Director
$0 $0 $0
LINDA WOODIN DIRECTOR 2.00
Director
$0 $0 $0
ANDREW JEANNERET TREASURER 1.00
Officer
$0 $36,244 $616,862
ANDREW JOSEPH SECRETARY 1.00
Officer
$0 $29,015 $470,018
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 $11,557,277 $12,293,098 $57,936,966 $-735,821
2022 $17,996,340 $7,595,754 $49,696,688 $10,400,586
2021 $11,506,831 $8,770,474 $52,948,136 $2,736,357
2020 $11,932,146 $8,383,343 $39,397,235 $3,548,803
2019 $4,880,613 $7,279,913 $31,762,444 $-2,399,300
2018 $8,348,415 $1,995,846 $31,215,431 $6,352,569
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