Ashe Services for Aging Foundation Inc

Nonprofit profile at a glance

EIN
202998452
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2013
Location
West Jefferson, NC, USA
Phone
3362462461
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$46,065
Expenses
$88,746
Assets
$4,879,974
Liabilities
$5,349,286

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

Leadership & pay

13 people listed

Executive titles in this filing

  • PATRICIA CALLOWAY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PATRICIA CALLOWAY (EXECUTIVE DIRECTOR): $76,678 total reported compensation
  • MARY OWEN (FINANCE DIRECTOR): $74,730 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 help sustain and expand services and programs offered by generations ashe through advocacy and fundraising activities; to educate, cultivate, involve, and solicit support from the ashe county community regarding the needs of our elderly and disabled citizens to assure continued and expanded access to vital services; and to promote the wellness, respect, dignity, independence, humor, and safety of our elderly and disabled citizens.

What it reported doing in 2024

In the 2024-2025 fiscal year funds raised during the annual campaign went to purchase lighting and landscaping materials for the main building.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 94
  • Accountability: 86
  • Sustainability: 40
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 67%; rating input score 67
  • Fundraising efficiency: $12.91 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -92.7%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 54.99; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 1.1; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 8.6%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 16.1% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: -2.1% per year; rating input score 0; 30th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 67% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $59K in reported program spending
  • Leadership: top reported pay $77K · 13 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 22/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.