WESTMINSTER-CANTERBURY OF LYNCHBURG INC

EIN: 540988608 501(c)(3) Human Services

LYNCHBURG, VA

Total Revenue
$38,670,775
Total Expenses
$36,221,531
Total Assets
$147,411,691
Net Assets
$20,118,499
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
VA
Principal Officer
PAUL SHELTON
Phone
4343863533
Tax Period
2023-10-01 to 2024-09-30

WESTMINSTER-CANTERBURY OF LYNCHBURG INC, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $32.7M in total revenue in fiscal year 2017. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.0M, a strong 18% operating margin.

Mission

TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $895,247
Program Service Revenue $35,418,216
Investment Income $1,226,986
Other Revenue $1,130,326
TOTAL REVENUE $38,670,775

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,634,804
Fundraising Expenses $244,765
Program Expenses $35,196,509
Other Expenses $15,586,727
TOTAL EXPENSES $36,221,531

Year-over-Year Comparison

2023 2022 Change
Revenue $38,670,775 $36,892,402 +0.0%
Expenses $36,221,531 $35,584,427 +0.0%
Net Income $2,449,244 $1,307,975 +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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Governance

Voting Members
16
Independent Members
16
Employees
506
Volunteers
1411

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
4
$645,362
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH M CONZEN CHAIR 1.00
Officer Director
$0 $0 $0
MARK A STROSNIDER VICE CHAIR 1.00
Officer Director
$0 $0 $0
SUSAN G ACKLEY THRU 22024 TRUSTEE 1.00
Director
$0 $0 $0
PATTIE W AMES TRUSTEE 1.00
Director
$0 $0 $0
MARCUS P BOREL TRUSTEE 1.00
Director
$0 $0 $0
PAMELA S BRADFORD TRUSTEE 1.00
Director
$0 $0 $0
DAVID W FRANTZ MD TRUSTEE 1.00
Director
$0 $0 $0
DANIEL L FRAZIER TRUSTEE 1.00
Director
$0 $0 $0
BECKY W GILES TRUSTEE 1.00
Director
$0 $0 $0
MELISSA W JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH B LAUNDON TRUSTEE 1.00
Director
$0 $0 $0
ROBERT S LOCKRIDGE JR MD TRUSTEE 1.00
Director
$0 $0 $0
ANNE R MCVEIGH TRUSTEE 1.00
Director
$0 $0 $0
ROBERT M O'BRIAN SR TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM W PERKINS TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA H PRICE TRUSTEE 1.00
Director
$0 $0 $0
THOMAS R STEVENS TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM A STUART II THRU 22024 TRUSTEE 1.00
Director
$0 $0 $0
SEAN HUYETT PRESIDENT/CEO 38.00
Officer
$351,278 $72,219 $423,497
PAUL SHELTON VP/CFO 38.00
Officer
$205,938 $15,927 $221,865
LAURA HUNTER DIRECTOR OF MARKETING 40.00
Highest
$163,906 $4,083 $167,989
LORI SWEENEY VP HEALTH SERVICES 40.00
Highest
$136,113 $10,423 $146,536
ROBERT CLOSS DIRECTOR OF INFORMATION SYSTEMS 40.00
Highest
$119,332 $18,097 $137,429
ASHLEY LAWSON DIRECTOR OF NURSING SERVICES 40.00
Highest
$114,336 $14,139 $128,475
MARIANNE SANFORD VP MARKETING & DEVELOPMENT 38.00
Highest
$111,347 $18,019 $129,366
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 $38,670,775 $36,221,531 $147,411,691 $2,449,244
2023 $36,892,402 $35,584,427 $144,600,945 $1,307,975
2022 $31,495,344 $32,651,534 $137,296,151 $-1,156,190
2021 $33,625,383 $32,343,227 $127,084,815 $1,282,156
2020 $32,613,033 $31,852,905 $127,051,960 $760,128
2019 $31,463,492 $28,587,334 $121,325,246 $2,876,158
2018 $32,693,708 $26,721,742 $103,668,594 $5,971,966
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