WESTMINSTER CANTERBURY CORPORATION (EIN 237162493) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

W RUSSELL GARDNER

Phone

8042646000

Tax Period

2023-10-01 to 2024-09-30

WESTMINSTER CANTERBURY CORPORATION, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $76.1M in total revenue in fiscal year 2017. The organization ran a surplus of $13.9M, a strong 18% operating margin.

Mission

AS A MINISTRY OF THE EPISCOPAL AND PRESBYTERIAN CHURCHES, WESTMINSTER CANTERBURY PROVIDES AN INSURANCE PRODUCT OFFERING INDEPENDENT LIVING; MEMORY SUPPORT; HOME HEALTH AND HOSPICE; ASSISTED LIVING; AND INTERMEDIATE AND SKILLED NURSING BEDS, ALL FOR PERSONS AGES 62 AND OLDER. FINANCIAL AID IS AVAILABLE TO THOSE WHOSE FINANCIAL RESOURCES ARE NOT SUFFICIENT TO COVER ENTRANCE FEE, MONTHLY FEE OR BOTH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,011,607

Program Service Revenue $84,067,158

Investment Income $4,310,420

Other Revenue $0

TOTAL REVENUE $92,389,185

Expense Breakdown

Grants Paid $3,755,049

Salaries & Benefits $26,234,291

Fundraising Expenses $0

Program Expenses $69,083,627

Other Expenses $43,325,792

TOTAL EXPENSES $73,315,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,389,185	$82,583,765	+0.1%
Expenses	$73,315,132	$69,501,095	+0.1%
Net Income	$19,074,053	$13,082,670	+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

766

Volunteers

186

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

$2,415,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA P PHELON	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES M KRESGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PETER S ALCORN	TRUSTEE	1.00	Director	$0	$0	$0
DR BRIAN K BLOUNT	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS L BOWDEN JR	TRUSTEE	1.00	Director	$0	$0	$0
PETER H BOWLES	TRUSTEE	1.00	Director	$0	$0	$0
TAYLAN BOZKURT	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER D BRITTON	TRUSTEE	1.00	Director	$0	$0	$0
W LEE CHANEY	TRUSTEE	1.00	Director	$0	$0	$0
P FREDERICK DUCKWORTH MD	TRUSTEE	1.00	Director	$0	$0	$0
MARY D ELLISON	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER M FERGUSON MD	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS G HARDY III	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE C HOWELL III	TRUSTEE	1.00	Director	$0	$0	$0
ANNE H MCDONNELL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER M MICHALIK	TRUSTEE	1.00	Director	$0	$0	$0
GRETA B PETERS	TRUSTEE	1.00	Director	$0	$0	$0
HB THOMSON	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS H TULLIDGE JR	TRUSTEE	1.00	Director	$0	$0	$0
L BIRCK TURNBULL	TRUSTEE	1.00	Director	$0	$0	$0
W RUSSELL GARDNER	TREASURER, VICE PRESIDENT & CFO	10.00	Officer	$0	$38,759	$484,812
WILLIAM H BLACKWELL	VICE PRESIDENT HEALTH SERVICES	40.00	Officer	$288,383	$32,761	$321,144
GAYLE HAGLUND	VICE PRESIDENT RESOURCE DEVELOPMENT	0.00	Officer	$0	$8,454	$126,711
ROBERT MANN	VICE PRESIDENT INFORMATION TECHNOLOGY	0.00	Officer	$0	$15,462	$204,475
JOHN D BURNS	CEO	20.00	Officer	$0	$49,961	$659,664
STACEY W NANNERY	VICE PRESIDENT SALES AND MARKETING	40.00	Officer	$0	$23,083	$193,568
JASON T COLLINS	VICE PRESIDENT FACILITIES MANAGEMENT	35.00	Officer	$0	$17,420	$191,385
JOHN LOOP	VP HEALTH & WELLNESS (AS OF 11/2023)	40.00	Officer	$18,847	$0	$18,847
CHELSEA O NAYLOR	VICE PRESIDENT WORKFORCE SERVICES	0.00	Officer	$0	$24,992	$215,155
SHARON M POZNANCZYK	DIRECTOR OF NURSING	40.00	Highest	$200,847	$24,463	$225,310
KEVIN DAIGNAULT	ADMINISTRATOR HOME HEALTH	40.00	Highest	$181,548	$10,880	$192,428
MARTIN KANE	DIRECTOR OF FINANCE	10.00	Highest	$0	$18,048	$181,153
DEBRA JACOBSEN	ADMINISTRATOR RESIDENTIAL LIVING	40.00	Highest	$158,079	$32,284	$190,363
DEREK OLIVER	DIRECTOR FACILITIES ENGINEERING	35.00	Highest	$144,902	$20,329	$165,231

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	$92,389,185	$73,315,132	$592,336,277	$19,074,053
2023	$82,583,765	$69,501,095	$498,596,055	$13,082,670
2022	$79,143,221	$65,639,083	$448,300,698	$13,504,138
2021	$80,860,029	$65,190,096	$392,842,295	$15,669,933
2020	$77,739,552	$68,570,211	$326,286,753	$9,169,341
2019	$75,738,304	$65,835,003	$317,540,772	$9,903,301
2018	$76,098,648	$62,234,721	$306,079,411	$13,863,927

WESTMINSTER CANTERBURY CORPORATION