WESTMINSTER VILLAGE TERRE HAUTE 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

1980

Legal Domicile

Principal Officer

COLLEEN MATTHEWS

Phone

8122424600

Tax Period

2023-01-01 to 2023-12-31

WESTMINSTER VILLAGE TERRE HAUTE INC, founded in 1980, is a mid-sized nonprofit in the Human Services sector that reported $15.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

WE ARE A VIBRANT NOT-FOR-PROFIT LIFE PLAN COMMUNITY INSPIRING RESIDENTS AND TEAM MEMBERS TO MAXIMIZE THEIR LIVES AND THE LIVES OF OTHERS.

Program Service Accomplishments

Program 1

Expenses: $6,771,882 Revenue: $6,935,214

AGREEMENT WITH RUSH MEMORIAL HOSPITAL RELATED TO LEASE, TRANSFER OF OPERATIONS AND MANAGEMENT OF THE 55 LICENSED RESIDENTIAL ASSISTED LIVING LICENSED BEDS AND 78 CERTIFIED HEALTH FACILITY LICENSED...

AGREEMENT WITH RUSH MEMORIAL HOSPITAL RELATED TO LEASE, TRANSFER OF OPERATIONS AND MANAGEMENT OF THE 55 LICENSED RESIDENTIAL ASSISTED LIVING LICENSED BEDS AND 78 CERTIFIED HEALTH FACILITY LICENSED BEDS. THE AGREEMENT EFFECTIVELY PROVIDES FOR THE HOSPITAL TO LEASE THE SKILLED NURSING UNIT PROPERTY AND OPERATIONS AND TO ENTER INTO AGREEMENTS FOR THE ORGANIZATION TO PROVIDE MANAGEMENT OF THE OPERATIONS

Program 2

Expenses: $2,107,449 Revenue: $2,158,279

ASSISTED-LIVING MAINTAINS 38 ASSISTED-LIVING APARTMENTS, INCLUDES WEEKLY HOUSEKEEPING, THREE DAILY MEALS, MAINTENANCE AS NEEDED, AND ALL UTILITIES, ALLOWS ACCESS TO THE ORGANIZATION'S ACTIVITIES AND AMENITIES, PERSONALIZED ASSISTANCE.AS FOR PERSONALIZED ASSISTANCE RESIDENTS CAN COUNT ON HELP WITH MEDICATION MANAGEMENT, CUING AND REMINDERS AS WELL AS ACTIVITIES OF DAILY LIVING INCLUDING DRESSING, GROOMING AND BATHING. RESIDENTS CAN TAKE PART IN VARIOUS SOCIAL OPPORTUNITIES AND OUTINGS, TOO.

Program 3

Expenses: $5,733,557 Revenue: $5,871,845

INDEPENDENT-LIVING MAINTAINS 174 APARTMENTS AND 28 VILLAS, INCLUDES BIWEEKLY HOUSEKEEPING, DINING PRIVILEGES, MAINTENANCE AS NEEDED, AND ALL UTILITIES, ALLOWS ACCESS TO THE ORGANIZATION'S ACTIVITIES...

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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 $106,314

Program Service Revenue $14,965,338

Investment Income $163,535

Other Revenue $87,120

TOTAL REVENUE $15,322,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,952,721

Fundraising Expenses $0

Program Expenses $14,612,888

Other Expenses $8,849,075

TOTAL EXPENSES $16,801,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,322,307	$13,152,831	+0.2%
Expenses	$16,801,796	$16,119,859	+0.0%
Net Income	$-1,479,489	$-2,967,028	-0.5%

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

300

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
DAN CALLAHAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
BETH TEVLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID FRIEDRICH	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SOUTHARD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BAESLER	DIRECTOR	1.00	Director	$0	$0	$0
SALLY WHITEHURST	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN MATTHEWS	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
SHANNON WILLIAMS	ADMINISTRATOR, HEALTH CENTER	40.00	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	$15,322,307	$16,801,796	$14,533,405	$-1,479,489
2022	$13,152,831	$16,119,859	$16,701,321	$-2,967,028
2021	$14,059,133	$14,760,421	$17,829,348	$-701,288
2020	$16,486,065	$15,900,079	$20,409,476	$585,986
2019	$15,884,027	$15,636,439	$20,201,617	$247,588
2018	$15,662,772	$16,020,533	$19,380,026	$-357,761