WELLSPAN PROPERTIES INC (EIN 222842252) - 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

1987

Legal Domicile

Principal Officer

ROXANNA GAPSTUR

Phone

7178513055

Tax Period

2024-07-01 to 2025-06-30

WELLSPAN PROPERTIES INC, founded in 1987, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $34.7M represent 24 months of operating reserves.

Mission

TO DEVELOP MEDICAL CENTERS AND LEASE TO TAX-EXEMPT AFFILIATES.

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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 $16,792,430

Investment Income $292,637

Other Revenue $0

TOTAL REVENUE $17,085,067

Expense Breakdown

Grants Paid $740,229

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,565,900

Other Expenses $16,686,870

TOTAL EXPENSES $17,427,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,085,067	$18,755,880	-0.1%
Expenses	$17,427,099	$17,914,016	0.0%
Net Income	$-342,032	$841,864	-1.4%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

$7,060,475

Total Directors

$8,410,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH NOLL	CHAIR, SR VP & CHIEF ADMIN OFFICER	1.00	Officer Director	$0	$53,265	$802,567
ANDREW WALKER	ASST. TREASURER, SVP FIN. & TREASURY	1.00	Officer Director	$0	$35,956	$512,996
VIPUL BHATIA	DIRECTOR (UNTIL JAN. '25)	1.00	Director	$0	$36,507	$582,512
ERIN PICA	DIRECTOR (UNTIL JAN. '25)	1.00	Director	$0	$53,768	$437,635
KEITH SMITH	ASST. SEC, SVP & CHIEF LEGAL OFFICER	1.00	Officer Director	$0	$47,703	$457,178
ROXANNA GAPSTUR PHD RN	PRESIDENT & CEO - WELLSPAN HEALTH	1.00	Officer Director	$0	$52,133	$3,176,598
LAURA BUCZKOWSKI	EXECUTIVE VP & CFO - WELLSPAN HEALTH	1.00	Officer Director	$0	$53,169	$1,408,553
KASEY PAULUS	VICE CHAIR, EXECUTIVE VP & COO	1.00	Officer Director	$0	$53,983	$702,583
RUSSELL ALBERT	DIRECTOR	1.00	Director	$0	$41,384	$330,123

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	$17,085,067	$17,427,099	$237,106,108	$-342,032
2024	No data	No data	No data	No data
2023	$27,022,631	$24,798,969	$200,160,664	$2,223,662
2022	$20,537,040	$15,964,013	$180,717,272	$4,573,027
2021	$19,225,192	$18,200,900	$178,389,137	$1,024,292
2020	$17,673,519	$15,347,601	$169,630,675	$2,325,918
2019	$15,090,503	$13,843,811	$157,417,570	$1,246,692
2018	$14,767,757	$14,922,062	$125,667,343	$-154,305

WELLSPAN PROPERTIES INC