Ardmore Enterprises Inc

Nonprofit profile at a glance

EIN
520801367
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Lanham, MD, USA
Phone
3013062575
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Vocational Rehabilitation

Official website

Reported finances

Revenue
$24,659,690
Expenses
$23,202,976
Assets
$19,514,717
Liabilities
$3,177,877

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • MICHAEL BENONS (PRESIDENT)
  • VELMA R HART (VICE PRESIDENT)
  • LORI SEDLEZKY (CEO)

Highest reported compensation

  • LORI SEDLEZKY (CEO): $246,032 total reported compensation
  • DAVID SCHEY (CFO): $217,118 total reported compensation
  • PAMELA BROWN (ASSO EXECUTIVE DIR): $151,445 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ardmore empowers people with intellectual and developmental disabilities to live meaningful lives in their communities. Ardmores promoting individual choice and supports people to be as self sufficient as possible.

What it reported doing in 2024

Employment supports - ardmore utilizes a structured, person centered approach to assist people with intellectual and developmental disabilities with exploring and obtaining paid employment. Our skilled employment team of professionals provides comprehensive job training and assists each person with skill development. Ongoing job support and coaching is provided throughout the person's employment journey. Ardmore partners with employers and provides practical tools and resources to support inclusive work environments and a successful partnership between both employer and employee. Our mission supports the belief that everyone should have an opportunity to explore their potential and work alongside people without disabilities. Services are provided in prince george's and montgomery counties.ardmore supports approximately 18 people in employment services.

Operating model

Revenue model
Earned-program. 96% 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. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.1%; rating input score 79
  • Program expense ratio: 85.5%; rating input score 86
  • Fundraising efficiency: $0.97 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.9%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 0.84; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 4.8%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 10.6% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 9.2% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 79.1% of revenue deployed · 85.5% of spending went to programs
  • Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $19.8M in reported program spending
  • Leadership: top reported pay $246K · 26 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $384K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Fundraising efficiency scored 2/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • Review — Sustainability: Operating margin scored 57/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.