WESTMINSTER AT WADE INC (EIN 202911352) - 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

2005

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

WESTMINSTER AT WADE INC, founded in 2005, is a small nonprofit in the Youth Development sector that reported $348K in total revenue in fiscal year 2023. Expenses of $336K left a modest 3% surplus.

Mission

WADE EXISTS TO PROMOTE AND NURTURE THE GROWTH OF THE CHILDREN, TEENS AND YOUNG ADULTS OF THE GREATER BLUEFIELD COMMUNITY THROUGH PRACTICAL PROGRAMS AND MENTORING RELATIONSHIPS. OUR PROGRAMS WILL ADDRESS THEIR SPIRITUAL, PHYSICAL, EMOTIONAL AND INTELLECTUAL NEEDS, WITH THE GOAL O

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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 $315,150

Program Service Revenue $0

Investment Income $1,666

Other Revenue $30,818

TOTAL REVENUE $347,634

Expense Breakdown

Grants Paid $430

Salaries & Benefits $134,733

Fundraising Expenses $11,772

Program Expenses $232,290

Other Expenses $201,317

TOTAL EXPENSES $336,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,634	$330,205	+0.1%
Expenses	$336,480	$334,529	+0.0%
Net Income	$11,154	$-4,324	-3.6%

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

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

Total Directors

Key Employees

$31,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY BRAINARD	DIRECTOR	40.00	Key Emp	$31,200	$0	$31,200
LONNIE QUESENBERRY	PRESIDENT	2.00	Director	$0	$0	$0
JOYCE SEYLER	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES PRUETT	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ELIZABETH PRUETT	SECRETARY	10.00	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	$347,634	$336,480	$392,421	$11,154
2022	$330,205	$334,529	$381,699	$-4,324
2021	$300,598	$276,142	$437,477	$24,456
2019	$297,836	$317,120	$394,743	$-19,284
2018	$255,382	$342,179	$419,012	$-86,797

WESTMINSTER AT WADE INC