WESTMINSTER-CANTERBURY OF LYNCHBUR… - Form 990 Financial Data

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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

1975

Legal Domicile

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 $38.7M in total revenue in fiscal year 2023. Expenses of $36.2M left a modest 6% surplus.

Mission

THE MISSION OF WCL IS TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS WHICH PROMOTE INDEPENDENCE AND DIGNITY, PROVIDING QUALITY HOUSING, HEALTH CARE AND SECURITY TO RESIDENTS IN A FISCALLY RESPONSIBLE MANNER.

Program Service Accomplishments

Program 1

Expenses: $35,196,509 Revenue: $36,548,542

WCL IS DESIGNED TO OPERATE A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY, GUIDED BY CHRISTIAN IDEALS WHICH PROMOTE INDEPENDENCE AND DIGNITY, PROVIDING QUALITY HOUSING, HEALTH CARE AND SECURITY TO RESIDENTS IN A FISCALLY RESPONSIBLE MANNER. WCL HAD TOTAL OF 423 UNITSACROSS INDEPENDENT LIVING, ASSISTED LIVING, AND THE HEALTH CENTER, WITH APPROXIMATELY 94.4% OF THE INDEPENDENT LIVING UNITS OCCUPIED AS OF SEPTEMBER 30, 2024. WCL IS COMMITTED TO A PROGRAM OF SERVICES WHICH PROVIDE RESIDENTS WITH HOUSING, HEALTHCARE, SECURITY AND A VARIETY OF ACTIVITIES AND SERVICES.

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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 $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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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

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

$645,362

Total Directors

Key Employees

Highest Compensated

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

WESTMINSTER-CANTERBURY OF LYNCHBURG INC