Aston Park Health Care Center Foundation Inc

What it reported doing in 2020

Aston park health care center foundation is located with the aston park health care center business manager at 380 brevard road aston park health care center.function of the aston park health care center foundation is as follows:1. Organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of, aston park health care center, inc. ("center"), an organization whose purposes are within the provisions of sectoin 509(a)(1) of the code. However, the corporation may be organized and operated exclusively for the benefit of, perform the functions of, or carry out the purposes of another organization described in section 501(c)(3) of the code, to be substituted for center if center shall lose its exempt status, be dissolved, discontinue operations or for any reason not exist. To this end, the purposes of the corporation shall be to receive and maintain a fund or funds of real or personal property, or both, and subject to the restrictions and limitations hereinafter set forth, to use and apply the whole or any part of the income therefrom and the principal thereof exclusively for charitable, scientific or educational activities, either directly or by contributions to organizations duly authorized to carry on charitable, scientific or educational activities, with particular emphasis on, but not necessarily limited to, charitable, scientific and educational activities related to health care endeavors.2. To carry on any lawful activities calculated, directly or indirectly, to promote the interest of the corporation, or to enhance the value of its properties under such powers and rights which are now or which may hereafter be conferred upon corporations organized under the laws of the state of North Carolina applicable thereto; provided, however, that all such activities shall be carried out in the furtherance of exempt purposes within the meaning of section 501(c)(3) of the code. Notwithstanding any other provision of these articles of incorporation to the contrary, the corporation shall not carry on any activity which would cause the loss of this exemption from private foundation status as the same is defined in section 509 of the code. Prohibited purposes: the corporation is irrevocably dedicated to and shall be operated exclusively for non-profit purposes; no part of the income or assets of the corporation shall be distrbuted to nor inure to the benefit of any individual.non-discrimination: in carrying out the above purposes, the corporation will not discriminate or permit discrimination against any person or group of persons on the grounds of race, color, sex, age, religion, national origin, or any other protected class in any manner prohibited by federal or state laws.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited

Transparency & Controls

• Consistency checks: 66.7%; rating input score 67; 1st percentile among comparable filings
• Major donor itemization: Limited

Sustainability

• Operating margin: Limited
• Total-asset coverage ratio: Limited
• Liabilities to assets ratio: Limited
• Officer compensation ratio: Limited

Growth

• Program expense growth: 42% per year; rating input score 100; 92nd percentile among comparable filings
• Revenue growth: -7.7% per year; rating input score 0; 55th percentile among comparable filings
• Asset growth: -8.1% per year; rating input score 0; 48th percentile among comparable filings