WESTERN HOME SERVICES INC (EIN 272825987) - 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

2011

Legal Domicile

Principal Officer

PATRICK O'LEARY

Phone

3192772141

Tax Period

2024-01-01 to 2024-12-31

WESTERN HOME SERVICES INC, founded in 2011, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $19.4M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE MANAGEMENT, ADMINISTRATIVE, AND OTHER SUPPORTIVE SERVICES TO THE RELATED ORGANIZATIONS TO FURTHER THEIR MISSION OF PROVIDING HOUSING AND HEALTHCARE BY OPERATION OF NURSING, ASSISTED LIVING, AND INDEPENDENT LIVING FACILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,116,446

Program Service Revenue $9,490,241

Investment Income $259,246

Other Revenue $4,973,425

TOTAL REVENUE $15,839,358

Expense Breakdown

Grants Paid $292,566

Salaries & Benefits $11,522,045

Fundraising Expenses $0

Program Expenses $9,628,211

Other Expenses $7,572,014

TOTAL EXPENSES $19,386,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,839,358	$14,309,761	+0.1%
Expenses	$19,386,625	$16,233,255	+0.2%
Net Income	$-3,547,267	$-1,923,494	+0.8%

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

1024

Volunteers

2766

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

$1,516,821

Total Directors

Key Employees

$204,505

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH BROWN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RONALD GAINES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LARRY FOX	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
GREG SCHMITZ	TREASURER	1.00	Officer Director	$0	$0	$0
DR RICHARD FRANKHAUSER	SECRETARY	1.00	Officer Director	$0	$0	$0
NAFISSA EGBUONYE	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
KRIS HANSEN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$498,804	$45,481	$544,285
PAT O'LEARY	CSO	1.00	Officer	$321,070	$53,536	$374,606
JERRY HARRIS	CHIEF OPERATING OFFICER	1.00	Officer	$243,850	$41,307	$285,157
DARRELL MCCORMICK	DCO	1.00	Officer	$262,348	$50,425	$312,773
WENDY AGER	OPERATIONS SR DIRECTOR	1.00	Key Emp	$195,524	$8,981	$204,505
MARK CONWAY	GENERAL COUNSEL	40.00	Highest	$171,256	$8,064	$179,320
SHERRI BROCKELSBY	SENIOR DIRECTOR OF FINANCE	40.00	Highest	$146,622	$6,795	$153,417
AMANDA MCCORMACK	SYSTEM HUMAN RESOURCES OFF	40.00	Highest	$140,115	$17,661	$157,776
STACY GIBBS	DIRECTOR OF THERAPY	40.00	Highest	$139,409	$6,310	$145,719
SCOTT KRAMER	ADMINISTRATOR	40.00	Highest	$134,241	$6,124	$140,365

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	$15,839,358	$19,386,625	$42,532,460	$-3,547,267
2023	$14,309,761	$16,233,255	$38,612,138	$-1,923,494
2022	$8,862,447	$12,239,059	$37,134,098	$-3,376,612
2021	$9,460,886	$9,826,396	$36,931,248	$-365,510
2020	$9,036,521	$9,956,274	$38,544,383	$-919,753
2019	$7,824,885	$10,491,156	$32,534,013	$-2,666,271
2018	$2,984,579	$5,425,897	$33,248,054	$-2,441,318

WESTERN HOME SERVICES INC