WESTMINSTER FOUNDATION III INC

EIN: 383842959 501(c)(3) Housing & Shelter

ORLANDO, FL

Total Revenue
$342,709
Total Expenses
$1,447
Total Assets
$24,377,509
Net Assets
$23,174,078
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
JENNIFER MARTENS
Phone
4078395050
Tax Period
2024-04-01 to 2025-03-31

WESTMINSTER FOUNDATION III INC, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $343K in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $341K, a strong 100% operating margin.

Mission

WESTMINSTER FOUNDATION III, INC IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBER'S OF WESTMINSTER FOUNDATION III, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $342,709
Other Revenue $0
TOTAL REVENUE $342,709

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,447
TOTAL EXPENSES $1,447

Year-over-Year Comparison

2024 2023 Change
Revenue $342,709 $179,513 +0.9%
Expenses $1,447 $3,783 -0.6%
Net Income $341,262 $175,730 +0.9%
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

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Governance

Voting Members
15
Independent Members
11
Employees
N/A
Volunteers
N/A

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
8
$2,907,444
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD DODDRIDGE CHAIRMAN N/A
Officer Director
$0 $0 $0
JOHN HILLENMEYER CHAIRMAN N/A
Officer Director
$0 $0 $0
TERENCE ROGERS CEO/PRESIDEN N/A
Officer
$0 $33,597 $1,209,980
HENRY T KEITH CEO/PRESIDEN N/A
Officer
$0 $32,133 $714,829
HENRY T KEITH CFO/TREASUR/ N/A
Officer
$0 $0 $0
GARRY HENNIS COO/EXECUTIV N/A
Officer
$0 $32,799 $681,135
JENNIFER MARTENS CFO/TREASUR/ N/A
Officer
$0 $26,215 $301,500
MEGAN FAUBEL SECRETARY N/A
Officer
$0 $0 $0
STEPHEN DYE DIRECTOR N/A
Director
$0 $0 $0
GREG BUSTLE DIRECTOR N/A
Director
$0 $0 $0
WILLIAM BELL DIRECTOR N/A
Director
$0 $0 $0
JEFFREY S MOCK DIRECTOR N/A
Director
$0 $0 $0
LINDA SHELLEY DIRECTOR N/A
Director
$0 $0 $0
JOHN MARK RAMSEY DIRECTOR N/A
Director
$0 $0 $0
JOHN DEBEVOISE DIRECTOR N/A
Director
$0 $0 $0
DAVID CARLEN MADDUX DIRECTOR N/A
Director
$0 $0 $0
CLIFFORD WILLIAM HULL DIRECTOR N/A
Director
$0 $0 $0
KRISTIN KUTAC DIRECTOR N/A
Director
$0 $0 $0
MARY ELLEN EARLY DIRECTOR N/A
Director
$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
2025 $342,709 $1,447 $24,377,509 $341,262
2024 No data No data $23,634,763 No data
2024 $179,513 $3,783 $24,141,015 $175,730
2023 $185,975 $2,553 $23,634,763 $183,422
2022 $351,269 $6,272 $23,732,195 $344,997
2021 $1,248,220 $581,672 $23,658,801 $666,548
2020 $1,889,316 $3,504 $21,372,610 $1,885,812
2019 $367,999 $9,021,620 $19,535,430 $-8,653,621
2018 $1,735,183 $2,418,575 $28,192,974 $-683,392
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