WESTERN HOME FOUNDATION 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

2000

Legal Domicile

Principal Officer

PATRICK O'LEARY

Phone

3192772141

Tax Period

2023-01-01 to 2023-12-31

WESTERN HOME FOUNDATION INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $692K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $821K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO SUPPORT THE MISSION OF WESTERN HOME COMMUNITIES THROUGH PHILANTHROPIC GIFTS AND STEWARDSHIPS.

Program Service Accomplishments

Program 1

Expenses: $472,067 Revenue: $0

ESTABLISHMENT OF AN ENDOWMENT FUND TO SUPPORT THE OPERATIONS OF WESTERN HOME COMMUNITIES, INC, AN IOWA NONPROFIT CORPORATION THAT IS A MULTI-LEVEL CARE FACILITY FOR THE AGED AND INFIRM.

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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 $539,500

Program Service Revenue $0

Investment Income $155,182

Other Revenue $-2,631

TOTAL REVENUE $692,051

Expense Breakdown

Grants Paid $472,067

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $472,067

Other Expenses $348,670

TOTAL EXPENSES $820,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$692,051	$449,828	+0.5%
Expenses	$820,737	$1,332,945	-0.4%
Net Income	$-128,686	$-883,117	-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

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

$1,581,626

Total Directors

$492,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS HANSEN	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$42,357	$492,360
SARAH BROWN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RONALD GAINES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LARRY FOX	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
GREG SCHMITZ	TREASURER	1.00	Officer Director	$0	$0	$0
DR RICHARD FRANKHAUSER	SECRETARY	1.00	Officer Director	$0	$0	$0
NAFISSA EGBUONYE	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY SWANSON	DIRECTOR	1.00	Director	$0	$0	$0
PAT O'LEARY	CHIEF STRATEGY OFFICER	1.00	Officer	$0	$39,871	$352,010
JERRY HARRIS	PRESIDENT-CEDAR FALLS OPERATIONS	1.00	Officer	$0	$39,247	$282,139
DARRELL MCCORMICK	CHIEF OPERATING OFFICER	1.00	Officer	$0	$47,857	$270,842
WENDY AGER	CHIEF CLINICAL OFFICER	1.00	Officer	$0	$8,147	$184,275

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	$692,051	$820,737	$2,627,635	$-128,686
2022	$449,828	$1,332,945	$3,162,465	$-883,117
2021	$1,131,480	$594,513	$4,665,350	$536,967
2020	$402,742	$508,631	$3,972,686	$-105,889
2019	$593,005	$570,339	$3,804,681	$22,666
2018	$1,727,101	$897,443	$3,530,270	$829,658