ASBURY INC

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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

1956

Legal Domicile

Principal Officer

DOUG LEIDIG

Phone

8652388300

Tax Period

2024-01-01 to 2024-12-31

ASBURY INC, founded in 1956, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring.

Mission

OUR MISSION IS EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY AND GRACE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

SUBSTANTIALLY ALL ASSETS OF ASBURY PLACE WERE SOLD ON JANUARY 1, 2024. OPERATIONS CEASED AFTER THE SALE. PRIOR TO THE SALE, ASBURY PLACE OPERATED SKILLED NURSING, RESIDENTIAL LIVING, AND ASSISTED...

SUBSTANTIALLY ALL ASSETS OF ASBURY PLACE WERE SOLD ON JANUARY 1, 2024. OPERATIONS CEASED AFTER THE SALE. PRIOR TO THE SALE, ASBURY PLACE OPERATED SKILLED NURSING, RESIDENTIAL LIVING, AND ASSISTED LIVING FACILITIES.

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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 $4,663,273

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,663,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,663,273	$28,692,615	-0.8%
Expenses	N/A	$44,286,520	-1.0%
Net Income	N/A	$-15,593,905	N/A

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

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

$1,624,818

Total Directors

$1,417,792

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NELLIE WARD COLE	CHAIR/PRESIDENT	2.00	Officer Director	$0	$0	$0
VICKIE HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
BOB MCCOLLUM	DIRECTOR	2.00	Director	$0	$0	$0
DOUG LEIDIG	DIRECTOR/ACOMM CEO	2.00	Director	$0	$38,911	$1,411,192
RICHARD SHUMAN	DIRECTOR	2.00	Director	$0	$0	$6,600
ANDREW JEANNERET	TREASURER	1.00	Officer	$0	$37,011	$743,578
ANDREW JOSEPH	SECRETARY	1.00	Officer	$0	$26,880	$546,685
MELISSA FURY	ASST. SECRETARY	1.00	Officer	$0	$11,603	$334,555

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
2024	$4,663,273	No data	$1,205,468	No data
2023	$28,692,615	$44,286,520	$17,670,573	$-15,593,905
2022	$30,099,366	$45,732,769	$66,660,803	$-15,633,403
2021	$39,927,876	$42,539,440	$80,704,465	$-2,611,564
2020	$36,429,662	$42,655,446	$86,285,045	$-6,225,784
2019	$32,958,274	$39,393,614	$86,320,952	$-6,435,340
2018	$31,104,689	$36,702,574	$90,743,153	$-5,597,885