Asbury Atlantic Inc
75% goes to programs $9 to raise $100 Thin reserves Growing revenue
Asbury Atlantic Inc is a 501(c)(3) organization based in Frederick, Maryland, registered in 1996, with $212,854,275 in FY2024 revenue. CharityIndex grades it C+, and it directs about 75% of spending to programs.
5285 Westview Dr Ste 200, Frederick, MD, 21703 EIN 52-0607956 Since 1996
Revenue (FY2024)
$212.9M
▲ 7.3% vs prior year
Human Services median: $293K
Expenses (FY2024)
$186.3M
Net assets
-$25.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating75% to programs · $9 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Asbury Atlantic Inc: 75% to programs · $9 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asbury Atlantic Inc: 0 mo reserves · +12% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Asbury Atlantic Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asbury Atlantic Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Exploring possibilities to live your best life by doing all the good we can with integrity, transparency, and grace.
What they do
Skilled nursing facilities:operation of 4 skilled nursing facilities (snf's) for the aged with 379 total beds providing 127,355 days of service in 2024. $21,278,505 of contractual allowances were provided to residents of the snf in 2024.
Assisted living facilities: operation of 4 assisted living facilities for the aged with 292 total suites providing 100,379 resident days in 2024. $2,789,444 of benevolent care and $1,301,094 of contractual allowances were provided to the assisted living residents in 2024.
Contact & location
- Address
- 5285 Westview Dr Ste 200, Frederick, MD, 21703
- City
- Frederick
- State
- Maryland
- Category
- Human Services
- Subcategory
- Residential Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $123.5M (FY2013) to $212.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $591.4MNet assets -$25.3M
Operating margin
12.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$566.1M
Total liabilities
$591.4M
Net assets
-$25.3M
Salaries & benefits
$75.5M
41% of expenses
Board members
5
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $212,854,275▲7.3% | $186,262,859▲1.3% | -$25,296,816▲51.1% | $566,097,456▲3.4% | 990 |
| 2023 | $198,386,213▲11.1% | $183,796,296▲2.2% | -$51,696,094▲32.8% | $547,451,129▲3.8% | 990 |
| 2022 | $178,616,502▼2.0% | $179,927,156▲8.0% | -$76,950,965▲8.2% | $527,202,855▲6.7% | 990 |
| 2020 | $182,270,716▲4.5% | $166,563,399▲4.6% | -$83,794,659▲20.8% | $494,202,745▼0.1% | 990 |
| 2019 | $174,395,209▲5.4% | $159,243,785▲1.2% | -$105,749,452▲17.5% | $494,519,761▲2.9% | 990 |
| 2018 | $165,495,758▲0.5% | $157,350,618▲3.4% | -$128,111,314▲11.7% | $480,547,177▲1.0% | 990 |
| 2017 | $164,745,044▲22.7% | $152,181,248▲14.4% | -$145,142,261▼19.5% | $475,622,708▲16.7% | 990 |
| 2016 | $134,260,563▲2.9% | $133,058,972▲0.8% | -$121,479,833▲2.5% | $407,553,159▼0.4% | 990 |
| 2015 | $130,418,588▲3.4% | $131,979,989▲3.4% | -$124,562,864▼5.6% | $409,208,325▼0.7% | 990 |
| 2014 | $126,113,589▲2.1% | $127,599,064▲2.5% | -$117,949,740▼7.5% | $412,257,530▲2.3% | 990 |
| 2013 | $123,543,327 | $124,505,419▲1.1% | -$109,747,017▲7.6% | $403,068,776▲2.7% | 990 |
| 2012 | — | $123,178,651▲4.2% | -$118,837,015▼77.4% | $392,643,956▲2.5% | 990 |
| 2011 | — | $118,174,687▼3.4% | -$66,980,729▼24.1% | $383,034,603▲0.2% | 990 |
| 2010 | — | $122,276,568 | -$53,960,804 | $382,167,264 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aaron Praetzel | Executive Director (bv) | 40 | — |
| Andrew Jeanneret | Treasurer | 1 | — |
| Andrew Joseph | Secretary | 1 | — |
| Barbara Harbison | Director | 2 | — |
| Brian Grundusky | Executive Director (sh) | 40 | — |
| Efonda Sproles | Vice Chair | 2 | — |
| Jeanette Lukulay | Nurse, Rn | 40 | — |
| Jeffrey Ernico | Chair | 2 | — |
| Kelly Friedman | Executive Director (as) | 40 | — |
| Maceline Yaya | Director of Nursing | 40 | — |
| Michelle Potter | Executive Director (amv) | 40 | — |
| Paula Mejia | Regional Hr Director | 40 | — |
| Rachel Karish | Associate Executive Director | 40 | — |
| Richard Shuman | Director | 2 | — |
| Susan Avitan | Sr. Director, Foundation (amv) | 40 | — |
| Todd Andrews | President/ex-officio | 2 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc and Affiliates | Dining, Maint, Hskpng, Laundry | $18,650,081 |
| Flagship Rehabilitation Services | Ot, Pt, St Therapies | $4,467,511 |
| Wagman Construction Inc | Construction Company | $3,648,985 |
| Trademark Design and Build | Construction Company | $1,886,124 |
| Core Bts Inc | It Managed Service Provider | $1,661,967 |
Grants received · $906K total
8 grants to Asbury Atlantic Inc totaling $906K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Erie Community Foundation | Various projects | 2024 | $102,609 |
| Erie Community Foundation | Various projects | 2023 | $112,515 |
| Erie Community Foundation | Various projects | 2022 | $98,406 |
| Erie Community Foundation | Various projects | 2021 | $112,537 |
| Erie Community Foundation | Various projects | 2020 | $156,650 |
| Erie Community Foundation | Various projects | 2019 | $104,151 |
| Erie Community Foundation | Various projects | 2018 | $122,469 |
| Erie Community Foundation | Various projects | 2017 | $96,788 |
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Frequently asked questions
- Is Asbury Atlantic Inc a legitimate nonprofit?
- Yes. Asbury Atlantic Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-0607956, based in Frederick, Maryland. Donations are tax-deductible.
- What is Asbury Atlantic Inc's EIN?
- Asbury Atlantic Inc's Employer Identification Number (EIN) is 52-0607956.
- How much revenue does Asbury Atlantic Inc report?
- Asbury Atlantic Inc reported $212,854,275 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Asbury Atlantic Inc's spending goes to programs?
- Asbury Atlantic Inc spends about 75% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Asbury Atlantic Inc have?
- CharityIndex grades Asbury Atlantic Inc C+, based on program efficiency and fundraising cost.
- How much does Asbury Atlantic Inc's highest-paid employee make?
- The highest reported compensation on Asbury Atlantic Inc's latest Form 990 is $0, paid to Aaron Praetzel (Executive Director (bv)).
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Data for Asbury Atlantic Inc (EIN 52-0607956) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.