WESTMINSTER CANTERBURY FOUNDATION (EIN 521189655) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

W RUSSELL GARDNER

Phone

8042646000

Tax Period

2023-10-01 to 2024-09-30

WESTMINSTER CANTERBURY FOUNDATION, founded in 1980, is a community nonprofit in the Human Services sector that reported $8.2M in total revenue in fiscal year 2017. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $7.8M left a modest 5% surplus.

Mission

WESTMINSTER CANTERBURY FOUNDATION RAISES FUNDS THROUGH ITS ANNUAL FELLOWSHIP FUNDS AND FELLOWSHIP ENDOWMENT FOR FINANCIAL ASSISTANCE (FELLOWSHIP) SO RESIDENTS CAN ENTER AND LIVE FOR THE REST OF THEIR LIVES AT WESTMINSTER CANTERBURY RICHMOND.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,858,869

Program Service Revenue $0

Investment Income $3,126,197

Other Revenue $0

TOTAL REVENUE $7,985,066

Expense Breakdown

Grants Paid $2,882,754

Salaries & Benefits $0

Fundraising Expenses $950,730

Program Expenses $5,210,170

Other Expenses $3,518,146

TOTAL EXPENSES $6,400,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,985,066	$9,597,991	-0.2%
Expenses	$6,400,900	$6,345,877	+0.0%
Net Income	$1,584,166	$3,252,114	-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

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

$2,525,554

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN GALLIHUGH	TRUSTEE	1.00	Director	$0	$0	$0
MYFANWY MONROE HALL	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT G HETHERINGTON	TRUSTEE	1.00	Director	$0	$0	$0
THE REV W RAY INSCOE	TRUSTEE	1.00	Director	$0	$0	$0
A CECIL JACOBS	TRUSTEE	1.00	Director	$0	$0	$0
DR JOSEPH A JAMES	TRUSTEE	1.00	Director	$0	$0	$0
SUSANNA B JONES	TRUSTEE	1.00	Director	$0	$0	$0
FRANCES W KAY	TRUSTEE (THRU JAN- 24)	1.00	Director	$0	$0	$0
SARA M MAYNARD	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA P PUSEY	TRUSTEE (THRU JAN- 24)	1.00	Director	$0	$0	$0
M BAGLEY REID	TRUSTEE	1.00	Director	$0	$0	$0
WALTER S ROBERTSON III	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN B SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA L SURGNER	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA B UKROP	TRUSTEE (THRU JAN- 24)	1.00	Director	$0	$0	$0
DR MARILYN WEST	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WHITE	TRUSTEE	1.00	Director	$0	$0	$0
REV MARLENE E FORREST	TRUSTEE	1.00	Director	$0	$0	$0
KATE DUVAL	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN C CHASE	TRUSTEE	1.00	Director	$0	$0	$0
WALTER E BUNDY III MD	TRUSTEE (THRU JAN- 24)	1.00	Director	$0	$0	$0
JAMES F LIPSCOMB JR	CHAIR (THRU JAN- 24)	1.00	Officer Director	$0	$0	$0
MARY C FREDIANI	CHAIR (AS OF JAN- 24)	1.00	Officer Director	$0	$0	$0
STEPHEN Y MCGEHEE	VICE CHAIR (AS OF JAN- 24)	1.00	Officer Director	$0	$0	$0
RUSSELL AARONSON	TRUSTEE	1.00	Director	$0	$0	$0
FERD BARUCH	TRUSTEE	1.00	Director	$0	$0	$0
WYATT S BEAZLEY	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR S BRINKLEY III	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BURNS	CEO	5.00	Officer	$0	$49,961	$659,664
W RUSSELL GARDNER	CFO & VICE PRESIDENT	0.00	Officer	$0	$38,759	$484,812
WILLIAM H BLACKWELL	VICE PRESIDENT	0.00	Officer	$0	$32,761	$321,144
GAYLE HAGLUND	VICE PRESIDENT	40.00	Officer	$0	$8,454	$126,711
ROBERT MANN	VICE PRESIDENT IT	0.00	Officer	$0	$15,462	$204,475
DAN STACKHOUSE	VICE PRESIDENT RESOURCE DEVELOPMENT	40.00	Officer	$0	$7,466	$109,793
STACEY NANNERY	VICE PRESIDENT SALES AND M	0.00	Officer	$0	$23,083	$193,568
JASON COLLINS	VICE PRESIDENT FACILITIES	0.00	Officer	$0	$17,420	$191,385
CHELSEA NAYLOR	VICE PRESIDENT WORKFORCE S	0.00	Officer	$0	$24,992	$215,155
JOHN LOOP	VICE PRESIDENT HEALTH AND WELLNESS	40.00	Officer	$0	$0	$18,847
SHARON M POZNANCZYK	DIRECTOR OF NURSING	0.00	Highest	$0	$24,463	$225,310
KEVIN DAIGNAULT	ADMINISTRATOR HOME HEALTH	0.00	Highest	$0	$10,880	$192,428
MARTIN KANE	DIRECTOR OF FINANCE	0.00	Highest	$0	$18,048	$181,153
DEBRA JACOBSEN	ADMINISTRATOR RESIDENTIAL	0.00	Highest	$0	$32,284	$190,363
DEREK OLIVER	DIRECTOR FACILITIES ENGINEERING	0.00	Highest	$0	$20,329	$165,231

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	$7,985,066	$6,400,900	$86,775,683	$1,584,166
2023	$9,597,991	$6,345,877	$75,581,917	$3,252,114
2022	$12,365,180	$5,912,026	$65,961,229	$6,453,154
2021	$9,832,098	$6,280,418	$72,239,983	$3,551,680
2020	$7,559,795	$6,757,863	$56,962,053	$801,932
2019	$10,382,116	$6,893,326	$55,665,198	$3,488,790
2018	$8,165,787	$7,751,683	$56,203,134	$414,104

WESTMINSTER CANTERBURY FOUNDATION