WHITE HORSE VILLAGE INC (EIN 232499121) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

MICHAEL SHAW

Phone

6105585000

Tax Period

2023-01-01 to 2023-12-31

WHITE HORSE VILLAGE INC, founded in 1989, is a mid-sized nonprofit in the Human Services sector that reported $41.9M in total revenue in fiscal year 2023. Expenses of $38.5M left a modest 8% surplus.

Mission

CONTINUING CARE RETIREMENT COMMUNITY WITH A CONTINUUM OF CARE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $201,099

Program Service Revenue $40,616,804

Investment Income $538,040

Other Revenue $505,309

TOTAL REVENUE $41,861,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,841,035

Fundraising Expenses $144,749

Program Expenses $30,347,976

Other Expenses $20,698,959

TOTAL EXPENSES $38,539,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,861,252	$41,165,001	+0.0%
Expenses	$38,539,994	$37,033,264	+0.0%
Net Income	$3,321,258	$4,131,737	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

577

Volunteers

275

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

$951,855

Total Directors

Key Employees

$190,999

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA L HANSEN	CHAIR	1.00	Officer Director	$0	$0	$0
HELENA I CIECHANOWSKI JD	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL B MAGNAVITA CPA	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT J BRUCE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HAMMOND	DIRECTOR	1.00	Director	$0	$0	$0
URSULA SIEBENEICH	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY NOWELL AIAM CCM	DIRECTOR	1.00	Director	$0	$0	$0
DIKRAN KASSABIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN DEMING-MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOU MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HUANG	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA DAVENPORT	DIRECTOR (AS OF 10/23)	1.00	Director	$0	$0	$0
SARAH OWENS	DIRECTOR (TO 06/23)	1.00	Director	$0	$0	$0
WILLIAM KENNEDY JD	DIRECTOR (TO 06/23)	1.00	Director	$0	$0	$0
MICHAEL JOSEPH SHAW	PRESIDENT & CEO (AS OF 12/23)	38.00	Officer	$16,155	$0	$16,155
SUSAN ABTOUCHE	VP MISSION ENHANCEMENT	24.00	Officer	$76,661	$57,800	$192,292
TACI DAMSTEDT	SENIOR DIRECTOR OF FINANCE	40.00	Officer	$105,107	$22,698	$127,805
LEONARD WEISER	PRESIDENT & CEO (TO 06/23)	38.00	Officer	$336,349	$34,269	$392,088
MARK WASSERMAN	VP OF FINANCE & CFO (TO 04/23)	36.00	Officer	$100,937	$16,750	$118,707
KATHLEEN AFKHAMI-ARDEKANI	PRESIDENT & CEO (FROM 7/23 TO 11/23)	38.00	Officer	$93,279	$0	$104,808
TINA BOUKALIS	VP RESIDENT SERVICES (TO 7/23)	40.00	Key Emp	$173,559	$17,440	$190,999
JENNIFER FERGUSON	DIRECTOR OF NURSING SERVICES	40.00	Highest	$114,814	$8,319	$123,133
WENDY PATTON	DIRECTOR OF SALES	40.00	Highest	$105,812	$22,592	$128,404
CRYSTAL WYDLER	SR. DIRECTOR OF HR/COMPLIANCE	40.00	Highest	$102,087	$18,148	$120,235
JANICE SULLIVAN	RN	40.00	Highest	$100,374	$4,101	$104,475
CATHERINE O'NEILL	RN SUPERVISOR	40.00	Highest	$100,017	$11,533	$111,550

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	$41,861,252	$38,539,994	$151,054,814	$3,321,258
2022	$41,165,001	$37,033,264	$143,575,217	$4,131,737
2021	$41,233,187	$35,657,471	$142,126,784	$5,575,716
2020	$40,024,186	$36,114,531	$135,101,224	$3,909,655
2019	$39,930,874	$34,617,465	$128,776,430	$5,313,409
2018	$38,803,849	$33,036,404	$117,228,822	$5,767,445

WHITE HORSE VILLAGE INC