WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION INC

EIN: 237414048 501(c)(3) Housing & Shelter

ORLANDO, FL

Total Revenue
$13,664,822
Total Expenses
$11,253,689
Total Assets
$114,595,095
Net Assets
$110,692,566
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
FL
Principal Officer
JENNIFER MARTENS
Phone
4078395050
Tax Period
2024-04-01 to 2025-03-31

WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION INC, founded in 1974, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.7M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 18% operating margin.

Mission

WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS, AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL ENDOWMENT FUNDS, BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBERS OF WESTMINSTER RETIREMENT COMMUNITIES, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,952,743
Program Service Revenue $0
Investment Income $7,712,079
Other Revenue $0
TOTAL REVENUE $13,664,822

Expense Breakdown

Grants Paid $10,832,586
Salaries & Benefits $0
Fundraising Expenses $294,000
Program Expenses $10,832,586
Other Expenses $421,103
TOTAL EXPENSES $11,253,689

Year-over-Year Comparison

2024 2023 Change
Revenue $13,664,822 $9,099,800 +0.5%
Expenses $11,253,689 $4,367,507 +1.6%
Net Income $2,411,133 $4,732,293 -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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
11
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
8
$2,907,444
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD DODDRIDGE CHAIRMAN N/A
Officer Director
$0 $0 $0
JOHN HILLENMEYER CHAIRMAN N/A
Officer Director
$0 $0 $0
TERENCE ROGERS CEO/PRESIDEN N/A
Officer
$0 $33,597 $1,209,980
HENRY T KEITH CEO/PRESIDEN N/A
Officer
$0 $32,133 $714,829
HENRY T KEITH CFO/TREASUR/ N/A
Officer
$0 $0 $0
GARRY HENNIS COO/EXECUTIV N/A
Officer
$0 $32,799 $681,135
JENNIFER MARTENS CFO/TREASUR/ N/A
Officer
$0 $26,215 $301,500
MEGAN FAUBEL SECRETARY N/A
Officer
$0 $0 $0
STEPHEN DYE DIRECTOR N/A
Director
$0 $0 $0
GREG BUSTLE DIRECTOR N/A
Director
$0 $0 $0
WILLIAM BELL DIRECTOR N/A
Director
$0 $0 $0
JEFFREY MOCK DIRECTOR N/A
Director
$0 $0 $0
LINDA SHELLEY DIRECTOR N/A
Director
$0 $0 $0
JOHN MARK RAMSEY DIRECTOR N/A
Director
$0 $0 $0
JOHN DEBEVOISE DIRECTOR N/A
Director
$0 $0 $0
DAVID CARLEN MADDUX DIRECTOR N/A
Director
$0 $0 $0
CLIFFORD WILLIAM HULL DIRECTOR N/A
Director
$0 $0 $0
KRISTIN KUTAC DIRECTOR N/A
Director
$0 $0 $0
MARY ELLEN EARLY DIRECTOR N/A
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
2025 $13,664,822 $11,253,689 $114,595,095 $2,411,133
2024 $9,099,800 $4,367,507 $114,629,454 $4,732,293
2023 $8,267,456 $5,143,153 $98,784,723 $3,124,303
2022 $16,462,536 $2,889,517 $107,356,228 $13,573,019
2021 $13,044,616 $5,839,763 $113,611,228 $7,204,853
2020 $7,912,031 $9,087,689 $84,366,664 $-1,175,658
2019 $9,885,149 $4,284,236 $99,169,821 $5,600,913
2018 $11,425,774 $11,787,029 $90,306,312 $-361,255
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