WEXCO SENIOR SERVICES 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

COREY GOLDSAND

Phone

6142314900

Tax Period

2023-01-01 to 2023-12-31

WEXCO SENIOR SERVICES INC, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $10.7M in total revenue in fiscal year 2023. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 31% operating margin.

Mission

TO PROVIDE HOSPICE SERVICES TO THE ELDERLY AND TO PROVIDE MANAGEMENT SERVICES TO WEXNER HERITAGE VILLAGE.

Program Service Accomplishments

Program 1

Expenses: $4,946,861 Revenue: $6,442,155

PROVIDE HOSPICE SERVICES.

Program 2

PROVIDE MANAGEMENT SERVICES TO WEXNER HERITAGE VILLAGE AND ITS SUBSIDIARIES.

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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 $4,222,333

Program Service Revenue $6,442,155

Investment Income $10,492

Other Revenue $41,748

TOTAL REVENUE $10,716,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,513,711

Fundraising Expenses $0

Program Expenses $4,946,861

Other Expenses $3,837,946

TOTAL EXPENSES $7,351,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,716,728	$4,577,251	+1.3%
Expenses	$7,351,657	$6,464,385	+0.1%
Net Income	$3,365,071	$-1,887,134	-2.8%

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

432

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

$76,818

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH SCHUSS	SECRETARY	0.25	Officer Director	$0	$0	$0
IRA KANE	CHAIRMAN	0.25	Director	$0	$0	$0
MARK YALE	FINANCE CHAIR/PAST BOARD C	0.25	Director	$0	$0	$0
FRED SUMMER	DIRECTOR/VICE CHAIR	0.25	Director	$0	$0	$0
DAVE ANDERSON	DIRECTOR - PART YEAR	0.25	Director	$0	$0	$0
JOSH BOKOR	DIRECTOR	0.25	Director	$0	$0	$0
ARNOLD GOOD MD	DIRECTOR	0.25	Director	$0	$0	$0
AMY KLABEN	DIRECTOR	0.25	Director	$0	$0	$0
MARK UNGAR	DIRECTOR	0.25	Director	$0	$0	$0
KAREN BOKOR	DIRECTOR	0.25	Director	$0	$0	$0
ROSS FRIEDMAN	DIRECTOR	0.25	Director	$0	$0	$0
CHERYL HOOKER	DIRECTOR	0.25	Director	$0	$0	$0
SAM MARCELLINO	DIRECTOR	0.25	Director	$0	$0	$0
MARIAN SCHUDA MD	DIRECTOR	0.25	Director	$0	$0	$0
GERRY STEINMAN MD	DIRECTOR	0.25	Director	$0	$0	$0
MAXX BLANK	DIRECTOR	0.25	Director	$0	$0	$0
SHELBY NATHANS	DIRECTOR	0.25	Director	$0	$0	$0
STEVEN STIGLITZ	DIRECTOR	0.25	Director	$0	$0	$0
LISA ROGERS	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTOPHER C CHRISTIAN	PRESIDENT & COO - PART YEAR	40.00	Officer	$76,778	$40	$76,818
COREY A GOLDSAND	PRESIDENT	40.00	Officer	$0	$0	$0
TANYA HAHN	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$0	$0
GEORGE MIU	ADMINISTRATOR	40.00	Highest	$135,560	$16,223	$151,783
KWAME ODURO-OFRIKYI	DIRECTOR OF NURSING - HOSPICE	40.00	Highest	$132,943	$10,945	$143,888
REBECCA SEARS	DIRECTOR OF HOSPICE	40.00	Highest	$125,035	$19,344	$144,379
CODY REED	CLINICAL LIAISON	40.00	Highest	$136,646	$21,114	$157,760
WILLIAM HARDING	DIRECTOR OF NURSING - WEXNER	40.00	Highest	$112,578	$27,121	$139,699
GARY F ROSENSTEIN	FORMER CEO	40.00		$104,530	$7,302	$111,832

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	$10,716,728	$7,351,657	$21,412,299	$3,365,071
2022	$4,577,251	$6,464,385	$15,690,037	$-1,887,134
2021	$6,980,975	$5,586,875	$11,195,757	$1,394,100
2020	$3,262,647	$4,958,206	$818,116	$-1,695,559