THE WESTMINSTER CANTERBURY OF LYNC… - Form 990 Financial Data

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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

PAUL SHELTON

Phone

4343863500

Tax Period

2023-10-01 to 2024-09-30

THE WESTMINSTER CANTERBURY OF LYNCHBURG FOUNDATION INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $706K, a strong 57% operating margin.

Mission

FOR OUR ORGANIZATION'S FULL MISSION STATEMENTOUR ORGANIZATION'S MISSION IS TO RAISE FUNDS TO BENEFIT AND ENHANCE THE SERVICES, PROGRAMS, FELLOWSHIP NEEDS, AND FACILITIES OF WESTMINSTER CANTERBURY OF LYNCHBURG, INC. AND INCREASE AWARENESS OF WESTMINSTER CANTERBURY OF LYNCHBURG'S COMMITMENT TO EXCELLENCE IN SENIOR LIVING.

Program Service Accomplishments

Program 1

Expenses: $525,747

THE FOUNDATION DEVELOPS COMMUNITY RESOURCES AND AWARENESS THAT SUPPORT THE MISSION AND STANDARD OF EXCELLENCE OF WESTMINSTER CANTERBURY OF LYNCHBURG, INC WITHIN THE CENTRAL VIRGINIA COMMUNITY AND TO...

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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 $614,586

Program Service Revenue $0

Investment Income $617,596

Other Revenue $0

TOTAL REVENUE $1,232,182

Expense Breakdown

Grants Paid $341,089

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $525,747

Other Expenses $184,658

TOTAL EXPENSES $525,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,232,182	$992,281	+0.2%
Expenses	$525,747	$332,804	+0.6%
Net Income	$706,435	$659,477	+0.1%

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

$774,728

Total Directors

$423,497

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN M HUYETT	PRESIDENT	2.00	Officer Director	$0	$72,219	$423,497
THOMAS S MIGNOGNA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
WILLIAM GAYLE	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
CHARLOTTE A FISCHER	BOARD MEMBER EMERITUS	2.00	Director	$0	$0	$0
GEORGE T BATTLE JR	DIRECTOR	2.00	Director	$0	$0	$0
JANET BROWN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT P BROWN	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL P CARDWELL	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT R CHAPMAN III	DIRECTOR	2.00	Director	$0	$0	$0
GENA DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN E DAVIES	DIRECTOR	2.00	Director	$0	$0	$0
JOAN F FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
FRANCES C MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
JOHN THOMAS MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
H VICTOR MILLNER JR	DIRECTOR	2.00	Director	$0	$0	$0
IDA POWELL	DIRECTOR	2.00	Director	$0	$0	$0
DAVID YOUNG	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH M ZELLNER	DIRECTOR	2.00	Director	$0	$0	$0
MARIANNE SANFORD	VP OF DEVELOPMENT	2.00	Officer	$0	$18,019	$129,366
PAUL SHELTON	TREASURER	2.00	Officer	$0	$15,927	$221,865

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	$1,232,182	$525,747	$11,751,790	$706,435
2023	$992,281	$332,804	$9,580,215	$659,477
2022	$1,110,901	$248,500	$8,345,331	$862,401
2021	$1,951,001	$426,591	$8,595,527	$1,524,410
2020	$1,972,251	$150,330	$5,986,531	$1,821,921
2019	$1,059,845	$811,313	$4,175,839	$248,532
2018	$722,021	$1,323,510	$3,803,491	$-601,489

THE WESTMINSTER CANTERBURY OF LYNCHBURG FOUNDATION INC