ASHLEY HOUSE (EIN 943080307) - 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

1989

Legal Domicile

Principal Officer

STEPHEN L FREEBORN

Phone

2535339050

Tax Period

2024-01-01 to 2024-12-31

ASHLEY HOUSE, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $23.0M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $21.8M left a modest 5% surplus.

Mission

ASHLEY HOUSE PROVIDES COMPREHENSIVE, COST EFFECTIVE, QUALITY CARE TO MEDICALLY FRAGILE CHILDREN AND YOUNG ADULTS IN A HOME-LIKE SETTING.

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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 $2,879,348

Program Service Revenue $19,869,257

Investment Income $256,545

Other Revenue $7,963

TOTAL REVENUE $23,013,113

Expense Breakdown

Grants Paid $691,103

Salaries & Benefits $17,603,530

Fundraising Expenses $991,654

Program Expenses $18,434,435

Other Expenses $3,493,274

TOTAL EXPENSES $21,787,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,013,113	$15,191,658	+0.5%
Expenses	$21,787,907	$16,066,528	+0.4%
Net Income	$1,225,206	$-874,870	-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

332

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

$685,733

Total Directors

Key Employees

$355,964

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM VERTETIS	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHEN L FREEBORN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY GRADY	SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
DEB LEMKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN TRESSEL LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM DAVIDSON	BOARD MEMBER	0.50	Director	$0	$0	$0
SUELLEN HOWARD	BOARD MEMBER	0.50	Director	$0	$0	$0
WARREN HEWITT	TREASURER	1.00	Officer Director	$0	$0	$0
JASON PILLIOT	BOARD MEMBER	0.50	Director	$0	$0	$0
KEN MAAZ	EXECUTIVE DIRECTOR	40.00	Officer	$181,224	$13,122	$194,346
ERICA PERNELA	DIRECTOR OF CLINICAL SERVI	40.00	Officer	$151,112	$20,736	$171,848
MARK SCHINDLER	DIRECTOR OF HUMAN RESOURCE	40.00	Officer	$147,767	$20,559	$168,326
SARA EDWARDS	CONTROLLER	40.00	Officer	$133,896	$17,317	$151,213
MICHAEL PUGSLEY	DIRECTOR OF DEVELOPMENT	40.00	Key Emp	$158,486	$21,100	$179,586
CHAWEEWAN FITZTHUM	CNA	40.00	Key Emp	$158,423	$17,955	$176,378
JEFFERSON HENSEN	FACILITY ADMINISTRATOR	40.00	Highest	$143,622	$20,316	$163,938
CYNTHIA JONES	LPN	40.00	Highest	$134,949	$17,249	$152,198
JENNIFER STONE	RN	40.00	Highest	$131,412	$16,694	$148,106
MALYANDA MCCARTER	RN	40.00	Highest	$130,228	$19,646	$149,874
DEEANN HERTA	RN	40.00	Highest	$124,657	$16,548	$141,205

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	$23,013,113	$21,787,907	$22,828,840	$1,225,206
2023	$15,191,658	$16,066,528	$20,839,192	$-874,870
2022	$13,976,451	$11,604,713	$20,132,456	$2,371,738
2021	$10,185,444	$10,066,494	$16,832,773	$118,950
2020	$9,646,093	$9,085,813	$13,301,517	$560,280
2019	$8,564,423	$8,324,661	$8,935,241	$239,762
2018	$7,098,643	$7,473,126	$9,197,233	$-374,483

ASHLEY HOUSE