WELLS NURSING HOME INC

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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

1970

Legal Domicile

Principal Officer

JANE SITTERLY

Phone

5187624546

Tax Period

2023-01-01 to 2023-12-31

WELLS NURSING HOME INC, founded in 1970, is a community nonprofit in the Health Care sector that reported $9.9M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $10.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE PURPOSE OF THE CORPORATION AS DEFINED IN THE CERTIFICATE OF INCORPORATION IS TO PROVIDE NURSING HOME ACCOMMODATIONS FOR SICK, INVALID, INFIRM, DISABLED OR CONVALESCENT PERSONS OF LOW INCOME AND TO THIS END, TO PLAN, CONSTRUCT, ERECT, BUILD, ACQUIRE, ALTER, RECONSTRUCT, REHABILITATE, OWN, MAINTAIN, AND OPERATE A NURSING HOME PROJECT PURSUANT TO THE LAWS AND PROVISIONS OF THE PUBLIC HEALTH LAW.

Program Service Accomplishments

Program 1

Expenses: $9,543,922 Revenue: $7,050,889

WELLS NURSING HOME IS A MULTI-DISCIPLINED SKILLED NURSING FACILITY, WHICH INCLUDES A 100 BED, SKILLED NURSING HOME. IN A SAFE, WARM HOME-LIKE ATMOSPHERE SKILLED CARE, HOPE AND ENCOURAGEMENT ARE...

WELLS NURSING HOME IS A MULTI-DISCIPLINED SKILLED NURSING FACILITY, WHICH INCLUDES A 100 BED, SKILLED NURSING HOME. IN A SAFE, WARM HOME-LIKE ATMOSPHERE SKILLED CARE, HOPE AND ENCOURAGEMENT ARE PROVIDED TO EACH RESIDENT TO THE FULLEST OF THEIR PHYSICAL ABILITIES AND WHENEVER POSSIBLE TO RETURN TO ONE'S OWN HOME AND COMMUNITY THROUGH A HARMONIOUS MULTI-DISCIPLINED APPROACH OF CARING AND LOVE, WE STRIVE TO MEET THE PHYSICAL, MENTAL, EMOTIONAL AND SPIRITUAL NEEDS OF OUR RESIDENTS. WE EMPHASIZE LIVING DESPITE PHYSICAL AND/OR MENTAL INFIRMITIES, WE STRIVE TO PREVENT FURTHER DECLINES AND WE BELIEVE THAT EACH PERSON SHOULD BE TREATED WITH DIGNITY AND RESPECT THROUGH THE DILIGENT EFFORTS OF A HIGHLY MOTIVATED BOARD OF DIRECTORS, A DEVOTED STAFF, ACTIVE WELLS HOUSE AUXILIARY, CONCERNED FAMILIES AND AN INTERESTED COMMUNITY, WE FULFILL THESE OBJECTIVES.

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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 $2,847,064

Program Service Revenue $7,050,889

Investment Income $-147

Other Revenue $0

TOTAL REVENUE $9,897,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,694,322

Fundraising Expenses $0

Program Expenses $9,543,922

Other Expenses $3,196,011

TOTAL EXPENSES $10,890,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,897,806	$7,657,693	+0.3%
Expenses	$10,890,333	$9,238,485	+0.2%
Net Income	$-992,527	$-1,580,792	-0.4%

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

180

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

$267,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE SITTERLY	PRESIDENT	0.50	Officer Director	$0	$0	$0
ANNE CAMPOS	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
GEORGE KLINE	BOARD MEMBER	0.50	Director	$0	$0	$0
NANCY BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROL BARTHOLOMEW	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREA FETTINGER	BOARD MEMBER	0.50	Director	$0	$0	$0
BRETT PRESTON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MARY ANN SIMEK	BOARD MEMBER	0.50	Director	$0	$0	$0
NEAL VANSLYKE	ADMINISTRATOR	39.00	Officer	$158,002	$0	$158,002
MICHELE DYGERT	CHIEF FINANCIAL OFFICER	39.00	Officer	$98,389	$10,779	$109,168
RENEE SWARTZ	DIRECTOR OF NURSING	39.00	Highest	$148,810	$0	$148,810

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	$9,897,806	$10,890,333	$1,985,177	$-992,527
2022	$7,657,693	$9,238,485	$1,749,216	$-1,580,792
2021	$7,513,024	$8,584,582	$2,764,109	$-1,071,558
2020	$8,837,929	$9,168,824	$4,727,205	$-330,895
2019	$8,288,166	$9,492,173	$5,169,690	$-1,204,007
2018	$8,907,668	$9,165,932	$6,209,607	$-258,264