COLUMBUS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WESLEY RIDGE INC, founded in 1996, is a community nonprofit in the Health Care sector that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $7.7M exceeded revenue, resulting in a 16% operating deficit.
THE PURPOSE OF WESLEY RIDGE IS TO CREATE AND MAINTAIN A CHRISTIAN COMMUNITY WHERE OLDER ADULTS CAN JOIN WITH ADMINISTRATION AND STAFF TO LIVE AS AN EXTENDED FAMILY AND BE ENCOURAGED TO LIVE AT THE HIGHEST POSSIBLE LEVEL OF INDEPENDENCE, AND IN KEEPING WITH THE PRINCIPLES ESTABLISHED BY THE UNITED METHODIST CHURCH, TO PROVIDE OLDER ADULTS WITH ACCOMMODATIONS DESIGNED TO MEET THEIR PHYSICAL, SPIRITUAL, VOCATIONAL, SOCIAL, EMOTIONAL AND INTELLECTUAL NEEDS.
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 | $6,586,776 | $3,940,897 | +0.7% |
| Expenses | $7,668,002 | $5,109,431 | +0.5% |
| Net Income | $-1,081,226 | $-1,168,534 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| SCOTT MCQUINN | CEO/ PRESIDENT | 1.00 |
Officer
Director
|
$0 | $414,381 | $1,028,545 |
| JAMES BOWERSOX | COO/ SECRETARY | 1.00 |
Officer
Director
|
$0 | $301,144 | $748,905 |
| SCOTT BEEKEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY BRUESHABER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CELIA CONLON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LANCE DEBENEDICTIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM KAHLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK PALMER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PHIL PRESENT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY ANN SHORT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN MCDONNELL | CFO/ TREASURER | 1.00 |
Officer
|
$0 | $185,604 | $460,963 |
| TOM WIDNEY | EXECUTIVE DIRECTOR | 9.00 |
Officer
|
$0 | $49,811 | $201,604 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,586,776 | $7,668,002 | $14,998,052 | $-1,081,226 |
| 2022 | $3,940,897 | $5,109,431 | $15,610,670 | $-1,168,534 |
| 2021 | $5,616,058 | $6,504,603 | $10,774,052 | $-888,545 |
| 2020 | $7,399,716 | $6,821,875 | $11,146,413 | $577,841 |
| 2019 | $6,840,044 | $6,750,660 | $10,948,687 | $89,384 |
| 2018 | $6,569,606 | $6,919,586 | $11,661,843 | $-349,980 |
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