WESLEY RIDGE RESIDENCE CORP (EIN 311595342) - 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

1998

Legal Domicile

Principal Officer

SCOTT MCQUINN

Phone

6145011300

Tax Period

2023-01-01 to 2023-12-31

WESLEY RIDGE RESIDENCE CORP, founded in 1998, is a community nonprofit in the Health Care sector that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $13.1M exceeded revenue, resulting in a 51% operating deficit.

Mission

THE PURPOSE OF WESLEY RIDGE RESIDENCE CORP 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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $118,105

Program Service Revenue $8,298,764

Investment Income $10

Other Revenue $298,868

TOTAL REVENUE $8,715,747

Expense Breakdown

Grants Paid $60,688

Salaries & Benefits $4,735,932

Fundraising Expenses $0

Program Expenses $11,898,262

Other Expenses $8,321,057

TOTAL EXPENSES $13,117,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,715,747	$5,429,327	+0.6%
Expenses	$13,117,677	$8,214,816	+0.6%
Net Income	$-4,401,930	$-2,785,489	+0.6%

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

N/A

Volunteers

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

$2,440,016

Total Directors

$1,777,450

Key Employees

Highest Compensated

reported

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	28.00	Officer	$0	$49,810	$201,603

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	$8,715,747	$13,117,677	$65,795,673	$-4,401,930
2022	$5,429,327	$8,214,816	$54,981,059	$-2,785,489
2021	$6,469,324	$8,025,044	$31,521,009	$-1,555,720
2020	$7,697,141	$7,405,161	$29,364,185	$291,980
2019	$7,329,152	$7,447,911	$50,771,909	$-118,759
2018	$7,084,712	$7,139,670	$46,981,990	$-54,958

WESLEY RIDGE RESIDENCE CORP