Ave Maria Home Inc
Nonprofit profile at a glance
- EIN
- 620561701
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Memphis, TN, USA
- Phone
- 9013863211
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
- Affiliation
- Christianity
Reported finances
- Revenue
- $16,329,771
- Expenses
- $17,886,474
- Assets
- $22,030,762
- Liabilities
- $20,239,343
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- PATRICK TAYLOR (CEO)
- DANNY JOHNSON (PRESIDENT)
- KAY JOHNSON (FORMER PRESIDENT)
Highest reported compensation
- CRAIG HOFER (CFO): $147,674 total reported compensation
- PATRICK TAYLOR (CEO): $129,964 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 assist the aged, sick, and destitute through: improving the moral, social, and spiritual conditions of its beneficiaries; continuing the stewardship of human, physical, and financial resources in conjunction with the catholic community; facilitating visitation by family, friends, and members of the community; and providing a commitment to long-term and rehabilitative care.
What it reported doing in 2024
Outpatient therapy - in 2021, ave maria home expanded services to include outpatient therapy to clients residing at local independent and assisted living communities. Ave maria home has assembled a highly skilled team of therapists who provide outpatient therapy services and a variety of wellness programs to these clients.
Operating model
- Revenue model
- Earned-program. 97% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 92
- Accountability: 91
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.5%; rating input score 99
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- 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: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -9.5%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 1.23; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: 4.5% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 98.5% of revenue deployed · 90% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $16.1M in reported program spending
- Leadership: top reported pay $148K · 13 people listed
- Highest-paid contractors: 2 contractors listed · $605K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Sustainability: Operating margin scored 11/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.