Topsham VOANNE Senior Housing Inc Westrum House (EIN 204182774) - 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

2006

Legal Domicile

Principal Officer

Richard Hooks Wayman

Phone

2073731140

Tax Period

2024-07-01 to 2025-06-30

Topsham VOANNE Senior Housing Inc Westrum House, founded in 2006, is a small nonprofit that reported $301K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $373K exceeded revenue, resulting in a 24% operating deficit.

Mission

Provide housing to elderly and disabled persons and families under Section 202 of the National Housing Act under an agreement with the U.S. Department of H.U.D.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $291,958

Investment Income $8,783

Other Revenue $0

TOTAL REVENUE $300,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,261

Other Expenses $373,199

TOTAL EXPENSES $373,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,741	$277,441	+0.1%
Expenses	$373,199	$351,238	+0.1%
Net Income	$-72,458	$-73,797	0.0%

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

N/A

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

$480,942

Total Directors

$204,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Hooks Wayman	President/CEO	0.10	Officer Director	$0	$80,755	$204,538
Terry Baldwin	COO	0.10	Officer	$0	$17,574	$150,762
Keith Gibson	Past CFO & Treasurer / Secretary	0.10	Officer	$0	$7,871	$125,642
Maria Cameron	VP of Behavioral Health	0.10	Highest	$0	$718	$103,305
Eric French	Director	0.10	Director	$0	$0	$0
Courtney Pladsen	Director	0.10	Director	$0	$0	$0
Darrin Stairs	Director	0.10	Director	$0	$0	$0
Brad MacDonald	Past Director	0.10	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
2025	$300,741	$373,199	$2,728,949	$-72,458
2024	$277,441	$351,238	$2,771,884	$-73,797
2023	$269,928	$355,035	$2,837,906	$-85,107
2022	$271,060	$352,253	$2,946,604	$-81,193
2021	$252,066	$331,832	$3,005,743	$-79,766
2020	$253,508	$354,121	$3,075,281	$-100,613
2019	$249,096	$334,965	$3,236,006	$-85,869

Topsham VOANNE Senior Housing Inc Westrum House