WESLEYLIFE

EIN: 300577845 501(c)(3) Health Care

JOHNSTON, IA

Total Revenue
$9,018,119
Total Expenses
$12,348,136
Total Assets
$14,354,988
Net Assets
$-11,024,605
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
IA
Principal Officer
ROB KRETZINGER
Phone
5152716789
Tax Period
2023-01-01 to 2023-12-31

WESLEYLIFE, founded in 2009, is a community nonprofit in the Health Care sector that reported $9.0M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $12.3M exceeded revenue, resulting in a 37% operating deficit.

Mission

WESLEYLIFE IS THE SUPPORTING ORGANIZATION FOR ITS AFFILIATES, WESLEY RETIREMENT SERVICES, WESLEY COMMUNITY SERVICES, WESLEYLIFE FOUNDATION, AND WELLSPIRE LLC - WESLEY RETIREMENT SERVICES AND WESLEY COMMUNITY SERVICES (BOTH 501(C)(3) ORGANIZATIONS) - AS WELL AS WESLEY DEVELOPMENT SERVICES, AN LLC DERIVING ITS EXEMPT STATUS FROM WESLEYLIFE. GUIDED BY CHRISTIAN COMPASSION, WESLEYLIFE SUPPORTS THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME. TO HELP ACHIEVE THIS MISSION, THE ORGANIZATION PROVIDES SUPPORT SERVICES SUCH AS ACCOUNTING, FINANCE, HUMAN RESOURCES, MARKETING, INFORMATION TECHNOLOGY, AND PHILANTHROPY THROUGHOUT ITS COMMUNITIES FOR HEALTHY LIVING AND ADDITIONAL LOCATIONS.

Program Service Accomplishments

Program 1
Expenses: $7,523 Revenue: $8,812,155

WESLEYLIFE WAS ESTABLISHED IN DECEMBER 2010 AS A SUPPORTING ORGANIZATION FOR WESLEY RETIREMENT SERVICES, INC. (WRS) AND WESLEY COMMUNITY SERVICES, INC. (WCS). WRS WAS ESTABLISHED IN 1947 (ORIGINALLY...

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WESLEYLIFE WAS ESTABLISHED IN DECEMBER 2010 AS A SUPPORTING ORGANIZATION FOR WESLEY RETIREMENT SERVICES, INC. (WRS) AND WESLEY COMMUNITY SERVICES, INC. (WCS). WRS WAS ESTABLISHED IN 1947 (ORIGINALLY AS WESLEY ACRES, INC.) AS A FAITH-BASED NON-PROFIT ORGANIZATION, AND HAS SINCE DEDICATED ITSELF TO PROVIDING HOUSING, HEALTHCARE, AND SUPPORT SERVICES EXCLUSIVELY TO OLDER ADULTS IN WAYS THAT ENHANCE A SENSE OF PURPOSE AND MEANING IN THE LIVES OF THOSE WE SERVE. WCS WAS ESTABLISHED IN 2005 TO PROVIDE SERVICES TO OLDER ADULTS AS WELL AS THOSE IN FINANCIAL NEED THROUGH HOME HEALTHCARE, NON-MEDICAL IN-HOME SERVICES, NUTRITION, TRANSPORTATION, AND HOSPICE SERVICES. WE ALSO OFFER ADULT DAY SERVICES IN TWO MARKETS: DES MOINES AND NEWTON.WESLEY DEVELOPMENT SERVICES WAS CREATED IN FEBRUARY 2011 TO PROVIDE MARKET RESEARCH AS WELL AS PROJECT DESIGN, MANAGEMENT, MONITORING, AND MARKETING RELATED TO NEW COMMUNITIES FOR WESLEYLIFE AND ITS AFFILIATES. AS TRENDS IN RETIREMENT LIVING CONTINUE TO CHANGE, WE HAVE RESPONDED WITH SERVICES AND PROGRAMMING DESIGNED TO MEET THE NEEDS OF A YOUNGER, MORE ACTIVE CUSTOMER.WESLEYLIFE CURRENTLY OWNS AND OPERATES EIGHT COMMUNITIES FOR HEALTHY LIVING IN IOWA THROUGH WESLEY RETIREMENT SERVICES, INC. (WRS) THAT OFFER A FULL CONTINUUM OF SERVICES. THOSE COMMUNITIES ARE: WESLEY ON GRAND IN DES MOINES; HALCYON HOUSE IN WASHINGTON; HERITAGE HOUSE IN ATLANTIC; THE VILLAGE IN INDIANOLA; PARK CENTRE IN NEWTON; EDGEWATER IN WEST DES MOINES; HEARTHSTONE IN PELLA; AND BRIO OF JOHNSTON IN JOHNSTON, IOWA.IN 2023, WESLEY RRETIREMENT SERVICE AND WESLEY COMMUNITY SERVICE PROVIDED HOUSING AND SERVICES FOR NEARLY 10,000 RESIDENTS, CLIENTS AND PARTICIPANTS THROUGHOUT THE ORGANIZATION AND MORE THAN 2,000 DEDICATED AND PASSIONATE TEAM MEMBERS. GUIDED BY OUR ORGANIZATIONAL CORE VALUES OF QUALITY, EXCELLENCE, HOSPITALITY AND INNOVATION, WE ARE COMMITTED TO RESPONSIBLE STEWARDSHIP OF OUR RESIDENTS' RESOURCES TO IMPROVE THE LIVES OF THOSE WE SERVE. AS A NON-PROFIT ORGANIZATION, WE UNDERSTAND OUR RESPONSIBILITY AND OBLIGATION TO OPERATE WITH TRANSPARENCY, HONESTY, AND INTEGRITY IN ALL WE DO.COMMUNITY BENEFITS FROM 2023 INCLUDE:- WESLEYLIFE PROVIDED $7,962,350 IN BENEVOLENT CARE TO OUR RESIDENTS, PARTICIPANTS AND CLIENTS. RESIDENTS WHO DEPLETED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN RECEIVED $3,612,769 OF CHARITABLE ASSISTANCE THROUGH EACH COMMUNITY'S GOOD SAMARITAN OR GOOD SHEPHERD FUND TO ALLOW THEM TO REMAIN IN THEIR APARTMENTS OR TOWNHOMES. CLIENTS AND PARTICIPANTS OF WESLEY COMMUNITY SERVICES RECEIVED $177,516 IN CHARITABLE DONATIONS TO HELP THEM REMAIN INDEPENDENT AT HOME.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $47,948
Program Service Revenue $8,812,155
Investment Income $158,016
Other Revenue $0
TOTAL REVENUE $9,018,119

Expense Breakdown

Grants Paid $7,523
Salaries & Benefits $8,055,324
Fundraising Expenses $0
Program Expenses $7,523
Other Expenses $4,285,289
TOTAL EXPENSES $12,348,136

Year-over-Year Comparison

2023 2022 Change
Revenue $9,018,119 $10,055,815 -0.1%
Expenses $12,348,136 $12,365,027 0.0%
Net Income $-3,330,017 $-2,309,212 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
2425
Volunteers
10

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
6
$1,427,993
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD RASMUSSEN CHAIR 1.00
Officer Director
$0 $0 $0
SUSAN OSWEILER SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN LAGREE PAST CHAIR 1.00
Officer Director
$0 $0 $0
KIP ALBERTSON DIRECTOR 1.00
Director
$0 $0 $0
KARI COOLING DIRECTOR 1.00
Director
$0 $0 $0
NICK HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
BARBARA DECKER DIRECTOR 1.00
Director
$0 $0 $0
BOB RUCH DIRECTOR 1.00
Director
$0 $0 $0
DAVID STOUT DIRECTOR 1.00
Director
$0 $0 $0
DR CHRISTINA TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
JOHN MOORLACH DIRECTOR 1.00
Director
$0 $0 $0
ROB KRETZINGER PRESIDENT & CEO 3.00
Officer
$297,051 $40,146 $888,861
CRAIG FLANAGAN CFO 3.00
Officer
$114,673 $35,568 $363,205
ALLISON MERCURIS PENDROY COO 9.00
Officer
$56,967 $13,165 $175,927
KRISTY VANDERWIEL CHIEF CULTURE OFFICER 5.00
Highest
$246,152 $39,607 $285,759
JANET SIMPSON VP NETWORK OPERATIONS 40.00
Highest
$333,417 $45,631 $379,048
MATT GARCIA REGIONAL DIRCTOR NETWORK O 40.00
Highest
$227,320 $41,807 $269,127
AMY HUTCHINS CHIEF MARKETING OFFICER 40.00
Highest
$201,801 $39,361 $241,162
AMBER WENTZ VP INFO SOLUTIONS 40.00
Highest
$189,415 $37,980 $227,395
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 $9,018,119 $12,348,136 $14,354,988 $-3,330,017
2023 $8,970,171 $12,348,136 $14,354,988 $-3,377,965
2022 $10,055,815 $12,365,027 $19,888,372 $-2,309,212
2021 $10,517,468 $10,598,381 $18,059,987 $-80,913
2020 $10,375,894 $9,916,400 $18,842,097 $459,494
2019 $8,352,215 $8,719,225 $16,992,900 $-367,010
2018 $7,377,655 $7,445,846 $8,422,797 $-68,191
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