Willowood of Williamstown Inc (EIN 042893911) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

William C Jones Jr

Phone

4134472996

Tax Period

2023-01-01 to 2023-12-31

Willowood of Williamstown Inc, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $15.2M in total revenue in fiscal year 2023. Expenses of $16.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

Skilled nursing facility

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,100,918

Investment Income $296

Other Revenue $96,603

TOTAL REVENUE $15,197,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,285,894

Fundraising Expenses $0

Program Expenses $14,965,392

Other Expenses $9,620,902

TOTAL EXPENSES $16,906,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,197,817	$15,431,912	0.0%
Expenses	$16,906,796	$15,495,448	+0.1%
Net Income	$-1,708,979	$-63,536	+25.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

162

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$802,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William C Jones Jr	President & CEO	3.99	Officer	$0	$80,787	$802,812
Joanne Dearstyne	LPN	64.00		$161,453	$9,741	$171,194
Kathleen Coburn	Administrator	40.00		$152,273	$9,613	$161,886
Laura Heath	Dir of Nursing	40.00		$122,638	$9,812	$132,450
Robin Lemay	RN	45.00		$121,709	$9,662	$131,371
Jessica Ryan	LPN	44.00		$110,861	$0	$110,861
Marcie Gingras	Clerk	0.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$15,197,817	$16,906,796	$28,268,517	$-1,708,979
2022	$15,431,912	$15,495,448	$29,405,550	$-63,536
2021	$16,809,872	$14,454,710	$30,288,608	$2,355,162
2020	$16,051,215	$14,283,571	$30,027,725	$1,767,644
2019	$14,025,959	$13,965,624	$26,111,855	$60,335
2018	$14,091,439	$13,682,355	$26,346,473	$409,084

Willowood of Williamstown Inc