ASHLAND NURSING HOME CORP

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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

2002

Legal Domicile

Principal Officer

SARA MARKS

Phone

6063241414

Tax Period

2024-07-01 to 2025-06-30

ASHLAND NURSING HOME CORP, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $18.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $15.9M left a modest 12% surplus.

Mission

OUR MISSION IS TO MEET THE NEEDS OF RESIDENTS AT VARIOUS LEVELS OF CARE INCLUDING SHORT-TERM REHAB AND LONG-TERM HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $13,675,201 Revenue: $17,774,469

KINGSBROOK PROVIDES QUALITY CARE TO PATIENTS, MEETING THE NEEDS AND DESIRES OF RESIDENTS AT VARIOUS LEVELS OF CARE, INCLUDING SHORT-TERM AND LONG-TERM CARE. KINGSBROOK IS A 137-BED NURSING FACILITY WHICH PROVIDES SKILLED NURSING SERVICES AND REHABILITATION THERAPY TO RESIDENTS DESIRING TO RETURN HOME FROM AN ACUTE CARE HOSPITAL STAY. KINGSBROOK ALSO PROVIDES NURSING SERVICES AND CARE FOR RESIDENTS ON A LONG-TERM BASIS.

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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 $3,202

Program Service Revenue $17,774,469

Investment Income $84,944

Other Revenue $93,764

TOTAL REVENUE $17,956,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,010,244

Fundraising Expenses $0

Program Expenses $13,675,201

Other Expenses $5,850,758

TOTAL EXPENSES $15,861,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,956,379	$15,380,045	+0.2%
Expenses	$15,861,002	$15,399,239	+0.0%
Net Income	$2,095,377	$-19,194	-110.2%

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

288

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

$2,641,266

Total Directors

Key Employees

$702,831

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JONES	CHAIRMAN, BOARD OF DIRECTOR	0.25	Officer Director	$0	$0	$0
MARK BIRDWHISTELL	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
CRAIG COLLINS	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
ERIC MONDAY	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
STEPHEN ADDINGTON	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
TOM BURNETTE	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
JOHN STEWART	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
ROBERT DIPAOLA	BAORD OF DIRECTORS	0.25	Director	$0	$0	$0
GINA DUGAS	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
PENNY COX	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
STEVEN CLIFTON	SECRETARY	0.25	Officer	$0	$0	$0
AMY SAUNDERS	ASSISTANT SECRETARY	0.25	Officer	$0	$27,466	$289,674
SARA MARKS	PRESIDENT/CEO	1.25	Officer	$0	$138,206	$1,196,109
AUTUMN MCFANN	TREASURER	1.25	Officer	$0	$137,762	$1,155,483
JANE BLANKENSHIP	EXECUTIVE DIRECTOR ANHC	45.00	Key Emp	$0	$32,830	$233,799
KARI SHEILDS	ANHC MEDICAL DIRECTOR, PHYSICIAN	0.75	Key Emp	$22,500	$42,923	$469,032
ARLENE MASSIE	ANHC DIRECTOR OF NURSING	40.00	Highest	$0	$16,428	$125,543
LISA QUEEN	ANHC DIRECTOR PATIENT CARE SERVICES	40.00	Highest	$0	$16,648	$128,579

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	$17,956,379	$15,861,002	$16,009,603	$2,095,377
2024	$15,380,045	$15,399,239	$13,697,296	$-19,194
2023	$10,853,862	$10,866,272	$13,770,690	$-12,410
2022	$13,109,866	$14,417,761	$10,815,927	$-1,307,895
2021	$13,223,482	$14,474,062	$11,060,825	$-1,250,580
2020	$13,133,095	$12,709,810	$11,976,118	$423,285
2019	$12,794,606	$12,762,671	$11,710,991	$31,935
2018	$13,204,360	$12,571,717	$11,538,602	$632,643