ASHLAND NURSING HOME CORP

EIN: 611386016 501(c)(3) Health Care

ASHLAND, KY

Total Revenue
$17,956,379
Total Expenses
$15,861,002
Total Assets
$16,009,603
Net Assets
$14,744,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
KY
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

TO PROVIDE QUALITY CARE TO PATIENTS NEEDING SHORT-TERM REHAB AND/OR LONG-TERM HEALTHCARE.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
288
Volunteers
11

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
5
$2,641,266
Total Directors
10
$0
Key Employees
2
$702,831
Highest Compensated
2
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
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