AHSNF INC (EIN 842727303) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

KEN D HAYNES

Phone

7043654202

Tax Period

2023-01-01 to 2023-12-31

AHSNF INC, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $35.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $62.2M exceeded revenue, resulting in a 78% operating deficit.

Mission

TO PROMOTE HEALTHCARE AND PUBLIC HEALTH BY OPERATING ONE OR MORE NURSING HOMES (INCLUDING SKILLED NURSING FACILITIES), HOSPITALS, AND/OR HEALTHCARE FACILITIES TO FACILITATE THE CHARITABLE AND GOVERNMENTAL PURPOSES AND ACTIVITIES OF SUCH FACILITIES THAT ARE, OR MAY BECOME AFFILIATED WITH, THE ORGANIZATION FROM TIME TO TIME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $34,974,215

Investment Income $-15

Other Revenue $0

TOTAL REVENUE $34,974,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,920,963

Fundraising Expenses $0

Program Expenses $59,496,846

Other Expenses $28,324,598

TOTAL EXPENSES $62,245,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,974,200	$31,252,697	+0.1%
Expenses	$62,245,561	$60,185,661	+0.0%
Net Income	$-27,271,361	$-28,932,964	-0.1%

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

N/A

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

$10,455,118

Total Directors

$12,464,662

Key Employees

$441,433

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY C DEFURIO	DIRECTOR, SECR, TREAS (TO 8/14/23)	1.00	Officer Director	$0	$426,937	$5,539,395
KEN D HAYNES	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$440,667	$3,434,494
SCOTT C RISSMILLER MD	DIRECTOR	1.00	Director	$0	$356,821	$2,696,498
COLLIN LANE	FORMER OFFICER (8/1/21)	0.00		$0	$92,674	$888,325
RODNEY BALL	DIRECTOR, VP, SECR, TREAS	2.00	Officer Director	$0	$79,879	$794,275
JENNIFER SULLIVAN	TOP MGMT OFFICIAL	1.00	Officer	$0	$52,922	$686,954
ROSE COOK	FORMER OFFICER (10/1/20)	0.00		$0	$64,140	$527,975
MIKE STOLZENBACH	VP, FACILITIES, CONT CARE	15.00	Key Emp	$0	$65,010	$441,433

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	No data	No data	No data	No data
2023	$34,974,200	$62,245,561	$32,188,140	$-27,271,361
2022	$31,252,697	$60,185,661	$32,707,040	$-28,932,964
2021	$37,411,842	$58,325,184	$34,390,165	$-20,913,342
2020	$43,712,650	$58,292,608	$42,778,339	$-14,579,958

AHSNF INC