ASHEBORO FRIENDS RETIREMENT HOME I… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

BRENDA LINEBERRY

Phone

3366253718

Tax Period

2024-06-01 to 2025-05-31

ASHEBORO FRIENDS RETIREMENT HOME INC, founded in 1982, is a micro nonprofit in the Housing & Shelter sector that reported $25K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $24K, a strong 96% operating margin.

Mission

AFFORDABLE HOUSING FOR ELDERLY

Program Service Accomplishments

Program 1

RENTAL INCOME USED TO MAINTAIN AFFORDABLE HOUSEING FOR ELDERLY AS WELL AS TO PURCHASE NEW APARTMENTS TO BENEFIT MORE ELDERLY INDIVIDUALS.

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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 $0

Program Service Revenue $0

Investment Income $8,653

Other Revenue $16,459

TOTAL REVENUE $25,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $994

TOTAL EXPENSES $994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,112	$22,519	+0.1%
Expenses	$994	$15,450	-0.9%
Net Income	$24,118	$7,069	+2.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY HINSHAW	DIRECTOR	1.25	Director	$0	$0	$0
BRENDA LINEBERRY	TREASURER	5.00	Officer Director	$0	$0	$0
LARRY MARLEY	PRESIDENT	2.50	Officer Director	$0	$0	$0
NELL MCCOMB	DIRECTOR	1.25	Director	$0	$0	$0
CYNTHIA PIERCE	SECRETARY	1.25	Officer Director	$0	$0	$0
MARY ELLA PUGH	DIRECTOR	1.25	Director	$0	$0	$0
PAT THORNBURG	DIRECTOR	1.25	Director	$0	$0	$0
ESTHER UNDERWOOD	DIRECTOR	1.25	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	$25,112	$994	$547,037	$24,118
2024	$22,519	$15,450	$522,919	$7,069
2023	$27,492	$14,551	$515,850	$12,941
2022	$46,692	$16,323	$503,360	$30,369

ASHEBORO FRIENDS RETIREMENT HOME INC