THE ASBURY HOMES INC (EIN 561713760) - 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

1990

Legal Domicile

Principal Officer

CHARLES G FOSKEY

Phone

9106535050

Tax Period

2023-07-01 to 2024-06-30

THE ASBURY HOMES INC, founded in 1990, is a small nonprofit in the Human Services sector that reported $637K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $101K, a strong 16% operating margin.

Mission

PROVIDE HOUSING TO ADULTS WITH DEVELOPMENTAL DISABILITIES

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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 $624,237

Investment Income $0

Other Revenue $12,644

TOTAL REVENUE $636,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,493

Fundraising Expenses $0

Program Expenses $460,529

Other Expenses $217,210

TOTAL EXPENSES $535,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$636,881	$580,367	+0.1%
Expenses	$535,703	$519,476	+0.0%
Net Income	$101,178	$60,891	+0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBIE BRITT	DIRECTOR	N/A	Director	$0	$0	$0
REV JIMMY F CUMMINGS	TREASURER	N/A	Officer Director	$0	$0	$0
CHARLES G FOSKEY	CHARIMAN	N/A	Officer Director	$0	$0	$0
DARLENE JACOBS	SECRETARY	N/A	Officer Director	$0	$0	$0
LINDA JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
REV BOB MAGNUM	DIRECTOR	N/A	Director	$0	$0	$0
REV KONG SUK NAMKUNG	DIRECTOR	N/A	Director	$0	$0	$0
SHIRLEY E TOWNSEND	DIRECTOR	N/A	Director	$0	$0	$0
TANYA BULLARD	EXECUTIVE DI	N/A	Officer	$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	No data	No data	No data	No data
2024	$636,881	$535,703	$835,125	$101,178
2023	$580,367	$519,476	$748,081	$60,891
2022	$577,420	$542,112	$708,071	$35,308
2021	$604,589	$537,010	$685,999	$67,579
2020	$505,298	$513,648	$622,586	$-8,350
2019	$512,788	$454,784	$685,656	$58,004

THE ASBURY HOMES INC