WESLEY HEIGHTS INC (EIN 066077231) - 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

1968

Legal Domicile

Principal Officer

DAVID FIFE

Phone

2039448285

Tax Period

2023-10-01 to 2024-09-30

WESLEY HEIGHTS INC, founded in 1968, is a community nonprofit in the Human Services sector that reported $5.8M in total revenue in fiscal year 2023. Expenses of $6.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE ASSISTED LIVING APARTMENTS AND WELLNESS PROGRAMS TO SENIOR ADULTS.

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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 $1,583,152

Program Service Revenue $4,215,645

Investment Income $15,497

Other Revenue $23,071

TOTAL REVENUE $5,837,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,590,852

Fundraising Expenses $15,726

Program Expenses $5,826,114

Other Expenses $3,946,038

TOTAL EXPENSES $6,536,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,837,365	$5,850,212	0.0%
Expenses	$6,536,890	$6,771,583	0.0%
Net Income	$-699,525	$-921,371	-0.2%

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

N/A

Employees

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

$1,194,582

Total Directors

$1,194,582

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID M LAWLOR	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$32,280	$573,846
ZVONIMIR JUKIC	DIRECTOR/TREASURER	1.00	Officer Director	$0	$13,206	$218,413
VICTORIA DOMPIERRE	DIRECTOR/SECRETARY	0.50	Officer Director	$0	$3,167	$68,776
BENJAMIN SCHIANO	EXECUTIVE DIRECTOR, THRU 2/13/24	40.00	Officer Director	$172,275	$7,687	$179,962
DAVID FIFE	EXECUTIVE DIRECTOR, EFF. 2/14/24	30.00	Officer Director	$0	$739	$153,585

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	$5,837,365	$6,536,890	$15,816,428	$-699,525
2023	$5,850,212	$6,771,583	$16,360,730	$-921,371
2022	$5,572,354	$6,331,867	$17,350,695	$-759,513
2021	$5,959,739	$6,086,898	$17,960,936	$-127,159
2020	$5,334,634	$5,577,042	$18,050,249	$-242,408
2019	$4,974,811	$6,207,531	$17,994,969	$-1,232,720
2018	$4,624,750	$5,344,801	$20,248,408	$-720,051

WESLEY HEIGHTS INC