ASBURY COMMUNITIES INC (EIN 521862677) - 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

DOUG LEIDIG

Phone

3012502100

Tax Period

2023-01-01 to 2023-12-31

ASBURY COMMUNITIES INC, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $21.4M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum.

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 $21,392,699

Investment Income $30,842

Other Revenue $0

TOTAL REVENUE $21,423,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,386,610

Fundraising Expenses $0

Program Expenses $16,266,175

Other Expenses $5,352,184

TOTAL EXPENSES $21,738,794

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,423,541	$14,712,507	+0.5%
Expenses	$21,738,794	$19,553,223	+0.1%
Net Income	$-315,253	$-4,840,716	-0.9%

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

$2,186,661

Total Directors

$1,182,132

Key Employees

$1,298,781

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG LEIDIG	PRESIDENT/EX-OFFICIO	35.00	Officer Director	$0	$36,279	$1,056,532
R SCOTT COOLIDGE	CHAIR	2.00	Officer Director	$15,750	$0	$15,750
JULIE GILBERT	VICE CHAIR	2.00	Officer Director	$15,000	$0	$15,000
CHRISTINA CROLL	DIRECTOR	2.00	Director	$8,000	$0	$8,000
JEFFREY ERNICO	DIRECTOR	2.00	Director	$15,000	$0	$15,000
JEAN A MACHART	DIRECTOR	2.00	Director	$13,750	$0	$13,750
MELISSA FORS SHACKELFORD	DIRECTOR	2.00	Director	$15,000	$0	$15,000
RICHARD SHUMAN	DIRECTOR	2.00	Director	$5,600	$0	$5,600
EFONDA SPROLES	DIRECTOR	2.00	Director	$10,000	$0	$10,000
LARRY PARKS	DIRECTOR	2.00	Officer Director	$12,500	$0	$12,500
C ERIC WINZER	DIRECTOR	2.00	Director	$15,000	$0	$15,000
ANDREW JEANNERET	CFO/TREASURER	32.00	Officer	$0	$36,244	$616,861
ANDREW JOSEPH	GENERAL COUNSEL/SECRETARY	32.00	Officer	$0	$29,015	$470,018
SANDRA H LAWSON	CHIEF GROWTH OFFICER	40.00	Key Emp	$0	$18,979	$437,938
SHAUN SMITH	CHIEF OFFICER	37.00	Key Emp	$0	$40,149	$414,999
TODD ANDREWS	ASST. SECRETARY	38.00	Key Emp	$0	$29,993	$445,844
MICHAEL BARTOSZEK	CHIEF OFFICER	40.00	Highest	$0	$7,885	$358,552
KIMBERLY EHRENFRIED	VICE PRESIDENT	40.00	Highest	$0	$35,896	$284,312
RHONDA TERANTO	VICE PRESIDENT	40.00	Highest	$0	$28,470	$272,562
JONATHAN MORRISON	SR DIRECTOR	40.00	Highest	$0	$28,068	$253,854
MICHAEL REYNOLDS	DIRECTOR	40.00	Highest	$0	$29,426	$298,458

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	$21,423,541	$21,738,794	$15,512,155	$-315,253
2022	$14,712,507	$19,553,223	$24,179,247	$-4,840,716
2021	$18,560,305	$18,057,368	$43,643,378	$502,937
2020	$12,863,922	$18,705,910	$47,159,908	$-5,841,988
2019	$10,818,225	$17,243,713	$54,831,846	$-6,425,488
2018	$9,612,855	$15,383,989	$47,427,462	$-5,771,134

ASBURY COMMUNITIES INC