WESLEY GARDENS CORPORATION (EIN 223139841) - 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

1991

Legal Domicile

Principal Officer

ARI GRINSPAN

Phone

5852412131

Tax Period

2023-01-01 to 2023-12-31

WESLEY GARDENS CORPORATION, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $14.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

OWNS AND OPERATES A 200-BED SKILLED NURSING FACILITY THAT PROVIDES RECREATIONAL, SOCIAL,RELIGIOUS AND HEALTH SERVICES TO SENIOR CITIZENS IN THE ROCHESTER, N.Y. AREA.

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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 $0

Program Service Revenue $13,957,025

Investment Income $0

Other Revenue $713,439

TOTAL REVENUE $14,670,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,145,611

Fundraising Expenses $0

Program Expenses $13,589,801

Other Expenses $5,605,351

TOTAL EXPENSES $14,750,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,670,464	$12,856,589	+0.1%
Expenses	$14,750,962	$13,744,533	+0.1%
Net Income	$-80,498	$-887,944	-0.9%

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

553

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SCHWARTZ	CONTROLLER	40.0	Highest	$110,918	$0	$110,918
JACK SHELBY	CHAIRMAN	0.3	Officer Director	$0	$0	$0
ARI GRINSPAN	PRESIDENT	39.0	Officer Director	$0	$0	$0
PINNY FASKA	BOARD MEMBER	0.3	Director	$0	$0	$0
ELI KORN	SECRETARY/TREASURER	0.3	Officer Director	$0	$0	$0
JACOB SCHEINER ESQ	BOARD MEMBER	0.3	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	$14,670,464	$14,750,962	$6,106,870	$-80,498
2022	$12,856,589	$13,744,533	$8,214,814	$-887,944
2021	$14,692,016	$13,633,735	$9,417,194	$1,058,281
2020	$9,937,291	$9,146,219	$7,199,668	$791,072
2019	$13,545,777	$14,936,282	$7,100,948	$-1,390,505
2018	$13,631,384	$16,725,350	$6,863,775	$-3,093,966

WESLEY GARDENS CORPORATION