WIND CREST 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

2005

Legal Domicile

Principal Officer

EILEEN ERSTAD

Phone

3037983100

Tax Period

2023-01-01 to 2023-12-31

WIND CREST INC, founded in 2005, is a mid-sized nonprofit in the Human Services sector that reported $96.3M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $112.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - WIND CREST, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Program Service Accomplishments

Program 1

Expenses: $98,996,995 Revenue: $94,116,103

WIND CREST PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,485 INDEPEDENT LIVING UNITS, 56 ASSISTED LIVING UNITS, 44 SKILLED NURSING BEDS, AND 36 MEMORY CARE UNITS. THE SERVICES WE...

WIND CREST PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,485 INDEPEDENT LIVING UNITS, 56 ASSISTED LIVING UNITS, 44 SKILLED NURSING BEDS, AND 36 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL 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 $1,673,407

Program Service Revenue $94,116,103

Investment Income $269,158

Other Revenue $234,021

TOTAL REVENUE $96,292,689

Expense Breakdown

Grants Paid $277,933

Salaries & Benefits $38,177,933

Fundraising Expenses $142,196

Program Expenses $98,996,995

Other Expenses $74,194,102

TOTAL EXPENSES $112,649,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,292,689	$111,122,592	-0.1%
Expenses	$112,649,968	$129,012,279	-0.1%
Net Income	$-16,357,279	$-17,889,687	-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

1478

Volunteers

375

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

$779,190

Total Directors

$1,340,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNOLD SPEERT	DIRECTOR (THRU 3/31/23)	0.20	Director	$0	$0	$22,500
BARBARA C BISGAIER	DIRECTOR	0.10	Director	$0	$0	$110,000
C JACKSON BAIN	DIRECTOR (THRU 3/31/23)	0.20	Director	$0	$0	$22,500
EILEEN G ERSTAD	CHAIR & PRESIDENT/TREASURER	1.40	Officer Director	$0	$0	$167,500
IAN BROWN	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
MARY D COLINS	VICE CHAIR & VP/SECRETARY	0.10	Officer Director	$0	$0	$150,000
MICHAEL W ROSKIEWICZ	DIRECTOR	0.10	Director	$0	$0	$110,000
MONTY C LEONARD	DIRECTOR	0.10	Director	$0	$0	$87,500
PAMELA PAULK	DIRECTOR	0.10	Director	$0	$0	$87,500
PATRICIA M BROWN	DIRECTOR	0.10	Director	$0	$0	$87,500
REV DR ZINA JACQUE	DIRECTOR	0.10	Director	$0	$0	$215,000
RUSSELL SHARP	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
STEPHANIE L REEL	DIRECTOR	0.10	Director	$0	$0	$150,000
CHRIS RATHMANN	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
CRAIG ERICKSON	EXECUTIVE DIRECTOR	40.00	Officer	$269,444	$21,356	$290,800
JOHN HALL	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
KAREN LUX	DIRECTOR, FINANCE	40.00	Officer	$142,964	$27,926	$170,890
MARK EMBLEY	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
NEAL GANTERT	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
BETH BRANDENBURG	PLANNING AND MOVING CONSULTANT	40.00	Highest	$128,540	$15,756	$144,296
SANDY SHELPUK	SALES COUNSELOR	40.00	Highest	$148,842	$4,916	$153,758
SARA STOVER	DIRECTOR, NURSING	40.00	Highest	$141,018	$15,440	$156,458
TONY STEPHENSON	SALES COUNSELOR	40.00	Highest	$146,303	$18,742	$165,045
KATIE AUKAMP	PLANNING AND MOVING CONSULTANT	40.00	Highest	$124,625	$14,579	$139,204

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	$96,292,689	$112,649,968	$552,098,400	$-16,357,279
2022	$111,122,592	$129,012,279	$1,037,094,675	$-17,889,687
2021	$101,821,214	$111,506,294	$994,750,892	$-9,685,080
2020	$88,596,617	$89,734,169	$805,840,158	$-1,137,552
2019	$81,043,901	$88,770,941	$613,475,566	$-7,727,040
2018	$71,532,444	$81,166,581	$543,228,925	$-9,634,137