ATLANTA ASSOCIATION FOR CONVALESCENT AGED PERSONS INC

EIN: 580593384 501(c)(3) Health Care

ATLANTA, GA

Total Revenue
$14,963,913
Total Expenses
$13,463,859
Total Assets
$9,417,144
Net Assets
$7,993,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
GA
Principal Officer
BETH LAXTON
Phone
4047942477
Tax Period
2022-07-01 to 2023-06-30

ATLANTA ASSOCIATION FOR CONVALESCENT AGED PERSONS INC, founded in 1947, is a mid-sized nonprofit in the Health Care sector that reported $15.0M in total revenue in fiscal year 2022. Expenses of $13.5M left a modest 10% surplus.

Mission

THE ORGANIZATION WAS FOUNDED FOR THE PURPOSE OF PROVIDING MORE EFFECTIVE CARE FOR THE SICK AND THE HOMELESS. THE ORGANIZATION ACCOMPLISHES THIS GOAL BY OPERATING A 206-BED LONG-TERM CARE FACILITY AND PROVIDING LONG-TERM NURSING HOME CARE AND REHABILITATION SERVICES TO THE ELDERLY IN FULTON COUNTY, GEORGIA, REGARDLESS OF THE ABILITY TO PAY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,548,779
Program Service Revenue $13,347,413
Investment Income $60,529
Other Revenue $7,192
TOTAL REVENUE $14,963,913

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,840,195
Fundraising Expenses $0
Program Expenses $10,090,563
Other Expenses $7,623,664
TOTAL EXPENSES $13,463,859

Year-over-Year Comparison

2022 2021 Change
Revenue $14,963,913 $15,259,672 0.0%
Expenses $13,463,859 $13,712,731 0.0%
Net Income $1,500,054 $1,546,941 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
176
Volunteers
30

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
3
$188,052
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR SAMUEL BACOTE III CHAIR 1.00
Officer Director
$0 $0 $0
MR PETE HAYLEY SECRETARY & TREASURER 1.00
Officer Director
$0 $0 $0
MR ALTON P MYERS BOARD MEMBER 1.00
Director
$0 $0 $0
MR DAVID BRAND BOARD MEMBER 1.00
Director
$0 $0 $0
DR DARRYL J TOOKES BOARD MEMBER 1.00
Director
$0 $0 $0
MR JEFFREY TOMPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
MR TYRONE RACHAL BOARD MEMBER 1.00
Director
$0 $0 $0
DR MARSHALYN YEARGIN-ALLSOPP BOARD MEMBER 1.00
Director
$0 $0 $0
MS VALERIE GOLDSTON BOARD MEMBER 1.00
Director
$0 $0 $0
MS RIMANI C KELSEY-ROGERS BOARD MEMBER 1.00
Director
$0 $0 $0
MS PATRISE PERKINS-HOOKER BOARD MEMBER 1.00
Director
$0 $0 $0
MR EDWARD M CURTIS BOARD MEMBER 1.00
Director
$0 $0 $0
BETH LAXTON EXECUTIVE DIRECTOR 40.00
Officer
$178,657 $9,395 $188,052
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 No data No data No data No data
2023 $14,963,913 $13,463,859 $9,417,144 $1,500,054
2022 $15,259,672 $13,712,731 $9,115,469 $1,546,941
2021 $17,049,205 $14,424,481 $8,854,728 $2,624,724
2020 $15,798,932 $14,690,559 $7,318,132 $1,108,373
2019 $13,754,495 $14,861,043 $5,393,700 $-1,106,548
2018 $13,972,350 $13,536,211 $4,817,559 $436,139
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