WESLEYLIFE

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

JOHNSTON, IA

Total Revenue
$8,970,171
Total Expenses
$12,348,136
Total Assets
$14,354,988
Net Assets
$-11,024,605
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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
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 11% compared to the prior year. Expenses of $12.3M exceeded revenue, resulting in a 38% 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. THE MISSION OF WESLEYLIFE IS TO ENHANCE THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS. IT DOES THIS BY PROVIDING SUPPORTING SERVICES SUCH AS ACCOUNTING, FINANCE, HUMAN RESOURCES, MARKETING, INFORMATION TECHNOLOGY, AND PHILANTHROPY THROUGHOUT ITS AFFILIATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,812,155
Investment Income $158,016
Other Revenue $0
TOTAL REVENUE $8,970,171

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 $8,970,171 $10,055,815 -0.1%
Expenses $12,348,136 $12,365,027 0.0%
Net Income $-3,377,965 $-2,309,212 +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

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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 $8,970,171 $12,348,136 $14,354,988 $-3,377,965
2023 $9,018,119 $12,348,136 $14,354,988 $-3,330,017
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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