WESLEY RIDGE RESIDENCE CORP

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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

WE WORK FOR THE DAY WHEN EVERYONE INVOLVED IN SENIOR LIVING FINDS FULFILLMENT THROUGH: (A) LIFE WITH MEANING AND PURPOSE; (B) ENRICHING OPPORTUNITIES AND EXPERIENCES; (C) COMMUNITIES FOSTERING RELATIONSHIP AND PERPETUATING LEGACY. MISSION: WE PROVIDE EXCEPTIONAL EVERYDAY EXPERIENCES IN A CHRISTIAN COMMUNITY BY: (A) CREATING ASSOCIATE EXPERIENCES THAT SUPPORT, ENGAGE AND EMPOWER DELIVERING RESIDENT AND CUSTOMER EXPERIENCES THAT EXCEED EXPECTATIONS; (B) SETTING AND SURPASSING STANDARDS FOR QUALITY AND SAFETY; (C) GROWING CONSISTENTLY IN SERVICE AND VALUE; (D) PRODUCING EXPANDED RESOURCES TO EXTEND OUR IMPACT. VALUES: WE ARE AN EXTENDED FAMILY OF MULTIPLE GENERATIONS, BOUND TOGETHER WITH: (A) RESPECT: HONORING THE DIGNITY OF ALL PEOPLE; (B) INNOVATION: IGNITING ENTREPRENEURIAL INITIATIVE AND CREATIVE SOLUTIONS; (C) SPIRITUALITY: PURSUING OUR PURPOSE CONSISTENT WITH CHRISTIAN PRINCIPLES; (D) EXCELLENCE: STRIVING FOR EXTRAORDINARY EFFECTIVENESS AND EFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $11,898,262 Revenue: $8,597,632

WESLEY RIDGE RESIDENCE CORP. OPENED IN 2006 IN COLUMBUS OHIO, AND PROVIDES INDEPENDENT LIVING AND SKILLED NURSING CARE. ADDITIONAL SERVICES AVAILABLE INCLUDE SOCIAL, RECREATIONAL AND THERAPY...

WESLEY RIDGE RESIDENCE CORP. OPENED IN 2006 IN COLUMBUS OHIO, AND PROVIDES INDEPENDENT LIVING AND SKILLED NURSING CARE. ADDITIONAL SERVICES AVAILABLE INCLUDE SOCIAL, RECREATIONAL AND THERAPY, TRANSPORTATION, CONCIERGE, HOUSEKEEPING AND MAINTENANCE.

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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