WESTMINSTER VILLAGE GREENWOOD 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

1981

Legal Domicile

Principal Officer

JORDAN MORROW

Phone

3178812591

Tax Period

2023-07-01 to 2024-06-30

WESTMINSTER VILLAGE GREENWOOD INC, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $33.8M in total revenue in fiscal year 2023. Expenses of $31.5M left a modest 7% surplus.

Mission

TO OPERATE A LONG-TERM CARE AND RETIREMENT FACILITY.

Program Service Accomplishments

Program 1

Expenses: $21,931,741 Revenue: $32,757,827

THE PRIMARY BUSINESS ACTIVITY IS TO OPERATE A LONG TERM CARE AND RETIREMENT FACILITY, PROVIDING HOUSING FOR THE AGED IN APARTMENTS AND COTTAGES, ASSISTED LIVING CARE THROUGH ITS LICENSED RESIDENTIAL CARE FACILITY, AND HEALTH CARE THROUGH ITS HEALTH CARE FACILITY IN GREENWOOD, INDIANA. THE ORGANIZATION INCLUDES 179 INDEPENDENT-LIVING APARTMENTS, 76 INDEPENDENT-LIVING COTTAGES, 45 ASSISTED-LIVING APARTMENTS, AND A 131-BED HEALTH CARE CENTER THAT PROVIDES BOTH SKILLED AND IMMEDIATE CARE. WESTMINSTER VILLAGE GREENWOOD, INC. PROVIDES THE BENEFITS OF BENEVOLENT CARE TO ITS RESIDENTS, IN WHICH THE ORGANIZATION WILL SUBSIDIZE THE COST OF CARE FOR THE REMAINDER OF THE RESIDENT'S LIFE SHOULD A RESIDENT OUTLIVE THEIR FINANCIAL RESOURCES.

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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 $16,954

Program Service Revenue $32,751,827

Investment Income $806,840

Other Revenue $208,639

TOTAL REVENUE $33,784,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,150,395

Fundraising Expenses $1,813

Program Expenses $21,931,741

Other Expenses $14,341,619

TOTAL EXPENSES $31,492,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,784,260	$31,587,855	+0.1%
Expenses	$31,492,014	$29,487,705	+0.1%
Net Income	$2,292,246	$2,100,150	+0.1%

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

496

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
DANIEL H WAGNER CPA	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL TAPP	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA GIBSON	SECRETARY	2.00	Officer Director	$0	$0	$0
DAN CALLON	TREASURER	2.00	Officer Director	$0	$0	$0
JERRY CRIPPS RA	DIRECTOR	2.00	Director	$0	$0	$0
PHILLIP C GETTUM	DIRECTOR - PARTIAL TERM	2.00	Director	$0	$0	$0
KEVIN HOOVER	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN NORCROSS JOHNSON BSN RN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE POWELL	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY COLVIN	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN MORROW	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
KAREN EICKMAN	MARKETING DIRECTOR	40.00	Highest	$190,848	$27,170	$218,018
ALEXA ULREY	DIRECTOR OF NURSING	40.00	Highest	$148,086	$7,862	$155,948
DIANA BUTCHER	MDS COORDINATOR	40.00	Highest	$116,940	$3,420	$120,360
JANE NJOROGE	LICENSED RN	40.00	Highest	$114,057	$21,380	$135,437
PAUL PFAFF	ACCOUNTING AND FINANCE DIRECTOR	40.00	Highest	$107,802	$16,125	$123,927

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
2025	No data	No data	No data	No data
2024	$33,784,260	$31,492,014	$72,418,787	$2,292,246
2023	$31,587,855	$29,487,705	$66,482,467	$2,100,150
2022	$31,277,153	$27,443,953	$60,602,429	$3,833,200
2021	$28,216,147	$24,593,378	$56,841,143	$3,622,769
2020	$26,681,722	$24,238,046	$52,079,148	$2,443,676
2019	$25,239,306	$23,539,428	$47,241,450	$1,699,878
2018	$24,573,008	$23,296,518	$43,713,563	$1,276,490