WESLEY AT MURRAY INC

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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

2001

Legal Domicile

Principal Officer

BRIAN HARRIS

Phone

9013804900

Tax Period

2023-01-01 to 2023-12-31

WESLEY AT MURRAY INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $312K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $286K left a modest 8% surplus.

Mission

WESLEY AT MURRAY, INC. IS A NOT-FOR-PROFIT GENERAL WELFARE CORPORATION FORMED IN FEBRUARY 2001, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE COMMONWEALTH OF KENTUCKY. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 27-UNIT COMMUNITY LOCATED IN MURRAY, KENTUCKY KNOWN AS WESLEY AT MURRAY, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

Program Service Accomplishments

Program 1

Expenses: $220,961 Revenue: $148,118

WESLEY AT MURRAY, INC. IS A NOT-FOR-PROFIT GENERAL WELFARE CORPORATION FORMED IN FEBRUARY 2001, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE COMMONWEALTH OF KENTUCKY. THE CORPORATION WAS...

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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 $163,414

Program Service Revenue $106,118

Investment Income $86

Other Revenue $42,000

TOTAL REVENUE $311,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,158

Fundraising Expenses $0

Program Expenses $220,961

Other Expenses $234,600

TOTAL EXPENSES $285,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,618	$262,095	+0.2%
Expenses	$285,758	$273,813	+0.0%
Net Income	$25,860	$-11,718	-3.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT DAVIS	MEMBER	1.00	Director	$0	$0	$0
AMANDA L WARD	MEMBER	1.00	Director	$0	$0	$0
EDDIE SMITH	MEMBER	1.00	Director	$0	$0	$0
HOLLY MITCHENER	MEMBER	1.00	Director	$0	$0	$0
CAROL AVENS	MEMBER	1.00	Director	$0	$0	$0
MEREDITH BINGHAM	MEMBER	1.00	Director	$0	$0	$0
JOYCE FEGER	MEMBER	1.00	Director	$0	$0	$0
JENNIFER GARST	MEMBER	1.00	Director	$0	$0	$0
PHYLLIS GAY	MEMBER	1.00	Director	$0	$0	$0
REV ANDREW THOMPSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NANCY ALBONETTI	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BRIAN HARRIS	NON-VOTING CEO	1.00	Officer	$0	$0	$0
DONALD OLLIO	NON-VOTING CFO	1.00	Officer	$0	$0	$0
RONALD BUDYNAS	NON-VOTING COO	1.00	Officer	$0	$0	$0
MARY LOU CUSHING	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0

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	$311,618	$285,758	$1,334,798	$25,860
2022	$262,095	$273,813	$1,294,630	$-11,718
2021	$239,101	$273,263	$1,307,297	$-34,162
2020	$218,173	$255,251	$1,326,920	$-37,078
2019	$218,081	$248,249	$1,354,023	$-30,168
2018	$208,360	$252,190	$1,395,335	$-43,830