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As a member of the Asbury Communities
system, financial strength and stewardship are prominent among the core
values of Asbury~Solomons Island. The future of senior services will be built on
innovation, compassion and technology, but a solid financial foundation is
essential to carry out these services and support our mission. Evidence of the
strength of the Asbury communities, including Asbury~Solomons Island,
can be found in its financial philosophy which supports:
- Maintaining and enhancing strong operational performance demonstrated by
establishing resident rates which fairly equate to expenses. This results in
Net Operating Margin (NOM) ratio levels comparable to other financially
successful organizations in the industry.
- Establishing financial reserves to support our mission and provide capital
for future programs and facility renovations/expansions. These financial
reserves, and additional income they generate, establish a solid financial
base that allows the Asbury communities to weather times of economic
challenge.
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