WNY MENNONITE RETIREMENT COMMUNITY INC (EIN 161560655) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

LISA RESSMAN

Phone

7167417741

Tax Period

2023-01-01 to 2023-12-31

WNY MENNONITE RETIREMENT COMMUNITY INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO DEVELOP AND MAINTAIN HOUSING FOR SENIORS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,604,503

Investment Income $7,000

Other Revenue $24,085

TOTAL REVENUE $1,635,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,944

Fundraising Expenses $0

Program Expenses $1,217,624

Other Expenses $1,378,990

TOTAL EXPENSES $1,880,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,635,588	$1,626,648	+0.0%
Expenses	$1,880,934	$1,735,576	+0.1%
Net Income	$-245,346	$-108,928	+1.3%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$1,322,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Haglund	President & CEO	1	Officer	$0	$22,142	$329,522
Meghan Aldrich	Chief Operating Officer	1	Officer	$0	$4,071	$260,497
Mark Wilcox	Chief Information Officer	1	Officer	$0	$21,518	$204,457
Danielle Bozich	Chief Human Resources Officer	1	Officer	$0	$12,802	$193,883
Samuel Hill	Chief of Mission Advancement	1	Officer	$0	$17,925	$175,404
Robin DiGregorio	Regional Nursing Home Administrator	1	Highest	$0	$14,843	$167,521
Matthew Boswell	VP of Finance	1	Highest	$0	$9,903	$164,122
Richard Whitver	Pharmacist	0	Highest	$0	$2,566	$163,091
Kathy Wetherell	RN Supervisor	0	Highest	$0	$16,440	$143,967
Tracy Nelson	Vice President of Human Resources	1	Highest	$0	$2,933	$130,139
Paul DeSantis	Chief Financial Officer	1	Officer	$0	$6,286	$120,795
Lisa Ressman	Chief Financial Officer	1	Officer	$0	$1,212	$37,798
Honna Curtis	Board Member	1	Director	$0	$0	$0
Janet Snyder	Board Member	1	Director	$0	$0	$0
Larry Roberts	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Walter Fleming	Chair	1	Officer Director	$0	$0	$0
Susan Wilston	Vice Chair	1	Officer Director	$0	$0	$0
Brent Richardson	Board Member	1	Director	$0	$0	$0
Susanne Mohnkern	Board Member	1	Director	$0	$0	$0
Charles Toy	Board Member	1	Director	$0	$0	$0
Joanne Smikle	Board Member	1	Director	$0	$0	$0
Peter Schmitt	Board Member	1	Director	$0	$0	$0
Judy Rich	Board Member	1	Director	$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	$1,635,588	$1,880,934	$5,228,141	$-245,346
2022	$1,626,648	$1,735,576	$5,640,104	$-108,928
2021	$2,033,696	$1,741,974	$6,090,882	$291,722
2020	$1,942,926	$1,843,119	$6,916,023	$99,807
2019	$1,878,209	$2,028,356	$6,818,731	$-150,147
2018	$1,917,273	$1,962,578	$7,140,667	$-45,305

WNY MENNONITE RETIREMENT COMMUNITY INC