Ahsnf Inc
Nonprofit profile at a glance
- EIN
- 842727303
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Charlotte, NC, USA
- Phone
- 7043654202
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, Specialty
Reported finances
- Revenue
- $41,471,642
- Expenses
- $69,125,549
- Assets
- $30,675,077
- Liabilities
- $94,241,050
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- KENNETH D HAYNES (DIRECTOR, PRESIDENT)
Highest reported compensation
- KENNETH D HAYNES (DIRECTOR, PRESIDENT): $5,358,318 total reported compensation
- ANTHONY C DEFURIO (FORMER OFFICER): $4,324,005 total reported compensation
- SCOTT C RISSMILLER MD (DIRECTOR): $4,323,003 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
The organization owns and operates skilled nursing facilities that provide short-term nursing and rehabilitation services, long-term care services, and end of life care to patients in charlotte, nc and its surrounding communities.during calendar year 2024, the organization provided skilled nursing services that included 1,217 admissions and 140,402 patient days at five locations in the charlotte, nc metro area, including: huntersville oaks, sardis oaks, cleveland pines, stanly manor, and jesse helms nursing center.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 60
- Accountability: 32
- Sustainability: 13
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.5%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -66.7%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 3.07; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -8.8% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.5% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $66.7M in reported program spending
- Leadership: top reported pay $5.4M · 8 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $12.5M reported
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Related organizations: 55 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.