JOHNSTON, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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