WAVERLY HEIGHTS (EIN 232212842) - 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

1982

Legal Domicile

Principal Officer

THOMAS P GARVIN

Phone

6106458600

Tax Period

2023-01-01 to 2023-12-31

WAVERLY HEIGHTS, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $39.9M in total revenue in fiscal year 2023.

Mission

TO PROVIDE AN EXCEPTIONAL LIFESTYLE WITHIN A COMPASSIONATE & RESPECTFUL COMMUNITY.

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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 $416,981

Program Service Revenue $34,016,563

Investment Income $4,803,580

Other Revenue $677,921

TOTAL REVENUE $39,915,045

Expense Breakdown

Grants Paid $167,396

Salaries & Benefits $18,576,159

Fundraising Expenses $0

Program Expenses $31,836,355

Other Expenses $20,417,730

TOTAL EXPENSES $39,161,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,915,045	$38,213,584	+0.0%
Expenses	$39,161,285	$37,708,504	+0.0%
Net Income	$753,760	$505,080	+0.5%

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

394

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

$1,103,493

Total Directors

Key Employees

$1,677,764

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS P GARVIN	PRESIDENT & CEO	22.00	Officer	$452,599	$32,466	$692,968
ROBERT L SUPPER	SENIOR VP OF FINANCE & CFO	22.00	Officer	$251,181	$25,640	$410,525
JANET THOMPSON	VP MARKETING	45.00	Key Emp	$211,134	$12,806	$223,940
MEREDITH FEHER	SENIOR VP OF HEALTH CARE SVCS.	22.50	Key Emp	$202,408	$31,614	$336,568
MARC HEIL	VP BUILDING SERVICES	45.00	Key Emp	$185,372	$28,377	$213,749
LAUREN KELLEY	VP HUMAN RESOURCES	45.00	Key Emp	$177,276	$30,696	$207,972
JACQUELINE DONNELLY	DIRECTOR OF NURSING	45.00	Key Emp	$194,196	$10,719	$204,915
CHAD MINIX	CONTROLLER	45.00	Key Emp	$163,912	$32,863	$196,775
PATRICIA RODGERS	VP, DIR. OF OPS., WAVERLY CARE	0.25	Key Emp	$182,599	$25,293	$293,845
JONATHAN P PRAK	DIRECTOR OF INFO. TECHNOLOGY	45.00	Highest	$131,836	$42,406	$174,242
MARGARET MARY FAHA	SALES COUNSELOR	45.00	Highest	$148,399	$22,072	$170,471
AUDREY CARTER-HILLMAN	REGISTERED NURSE	45.00	Highest	$147,007	$21,744	$168,751
THOMAS E LYNCH	DIRECTOR OF MAINTENANCE	45.00	Highest	$115,842	$32,398	$148,240
ELENI COSTA	REGISTERED NURSE	45.00	Highest	$104,813	$41,168	$145,981
STEVEN D KIRKPATRICK	CHAIR	1.00	Officer Director	$0	$0	$0
AMBASSADOR KATHERINE SHIRLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT K BARRY	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD E BAUER	TRUSTEE	1.00	Director	$0	$0	$0
LILLIAN N CASSEL	TRUSTEE	1.00	Director	$0	$0	$0
ELEANOR L DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA GILBERT	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM Y GILES	TRUSTEE	1.00	Director	$0	$0	$0
GERALD J HANSEN	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT M JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
EDWIN B MAHONEY	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN M MASSIMO	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH P MCLEAN	TRUSTEE	1.00	Director	$0	$0	$0
EMORY H WOODWARD	TRUSTEE	1.00	Director	$0	$0	$0
ANNE N CONROY	TRUSTEE TO JUN 2023	1.00	Director	$0	$0	$0
DONALD R FLEISCHER	TRUSTEE TO JUN 2023	1.00	Director	$0	$0	$0
HOWARD L MEYERS	TRUSTEE TO JUN 2023	1.00	Director	$0	$0	$0
ROBERT L ROBINSON	TRUSTEE TO JUN 2023	1.00	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	$39,915,045	$39,161,285	$170,339,090	$753,760
2022	$38,213,584	$37,708,504	$165,224,708	$505,080
2021	$38,333,500	$35,763,651	$173,204,853	$2,569,849
2020	$37,285,670	$36,018,131	$163,972,958	$1,267,539
2019	$36,101,398	$34,777,761	$158,618,595	$1,323,637
2018	$36,015,559	$33,268,451	$153,067,051	$2,747,108

WAVERLY HEIGHTS