WELLS NURSING HOME INC

EIN: 141507009 501(c)(3) Health Care

JOHNSTOWN, NY

Total Revenue
$9,897,806
Total Expenses
$10,890,333
Total Assets
$1,985,177
Net Assets
$-977,106
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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
NY
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

SKILLED NURSING FACILITY WITH A COMMITMENT TO PROVIDE QUALITY CARE TO MEET THE NEEDS OF ALL WHO SEEK OUR SERVICES EITHER FOR SHORT-TERM REHABILITATIVE CARE OR EXTENDED NURSING NEEDS.

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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%)

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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

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Governance

Voting Members
8
Independent Members
8
Employees
180
Volunteers
8

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
5
$267,170
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
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
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