WESTMINSTER CANTERBURY ON CHESAPEAKE BAY (EIN 541071734) - 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

1976

Legal Domicile

Principal Officer

J BENJAMIN UNKLE JR

Phone

7574961778

Tax Period

2023-10-01 to 2024-09-30

WESTMINSTER CANTERBURY ON CHESAPEAKE BAY, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $56.8M in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $53.9M left a modest 5% surplus.

Mission

TO ESTABLISH AND OPERATE RETIREMENT COMMUNITIES AND TO PROVIDE RELATED SERVICES.

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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 $0

Program Service Revenue $75,725,903

Investment Income $-4,162,895

Other Revenue $0

TOTAL REVENUE $71,563,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,481,574

Fundraising Expenses $0

Program Expenses $57,365,278

Other Expenses $36,893,486

TOTAL EXPENSES $75,375,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,563,008	$76,280,468	-0.1%
Expenses	$75,375,060	$70,210,078	+0.1%
Net Income	$-3,812,052	$6,070,390	-1.6%

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

1032

Volunteers

131

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

$1,733,727

Total Directors

Key Employees

$1,279,504

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA B SMITH	TRUSTEE, CHAIR	1.00	Officer Director	$0	$0	$0
JOHN D CAVANAUGH	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
BERNIE BOONE	TRUSTEE,SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES D ROBINSON III	TRUSTEE, TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD C BURROUGHS	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE L COMPO	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS C CLINT DAMUTH	TRUSTEE	1.00	Director	$0	$0	$0
IAN HOLDER	TRUSTEE	1.00	Director	$0	$0	$0
RONALD C RIPLEY	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
FATHER NOAH VAN NIEL	TRUSTEE	1.00	Director	$0	$0	$0
ALVIN A WALL	TRUSTEE	1.00	Director	$0	$0	$0
DR TERRY WHIBLEY	TRUSTEE	1.00	Director	$0	$0	$0
DR ARMISTEAD WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
DR GEORGE WONG	TRUSTEE	1.00	Director	$0	$0	$0
J BENJAMIN UNKLE JR	PRESIDENT/CEO	37.00	Officer	$1,128,462	$34,269	$1,162,731
DAVID MYERS	CFO/ASSISTANT TREASURER	37.00	Officer	$263,350	$20,342	$283,692
VICTORIA CRENSHAW	VP OF HEALTH AND RESIDENT	28.00	Officer	$266,803	$20,501	$287,304
ASHLEY ALLMAN	VP OF DEVELOPMENT AND MARK	39.00	Key Emp	$237,723	$33,097	$270,820
MARK BORST	VP OF DEVELOPMENT AND GENE	40.00	Key Emp	$210,067	$24,905	$234,972
JOAN PUNCH	PRESIDENT SENIOR OPTIONS AND WC @ HOME	40.00	Key Emp	$237,110	$18,891	$256,001
TIMOTHY TIVVIS	EXEC DIR/VP OPERATIONS	40.00	Key Emp	$211,941	$9,219	$221,160
ED LAWSON	SR. DIRECTOR OF IT	40.00	Key Emp	$266,217	$30,334	$296,551
MELINDA COLEY	SR. DIRECTOR OF FINANCE -	40.00	Highest	$182,895	$15,232	$198,127
TRACY AMET	SALES COUNSELOR	40.00	Highest	$231,350	$18,440	$249,790
MICHELLE BRIDGES	SR. DIR. BUS. DEV. - SENIO	40.00	Highest	$138,774	$26,896	$165,670
ELLEN DUCKWORTH	SALES DIRECTOR	40.00	Highest	$220,998	$18,683	$239,681
BRENDA ROSECRANS	SR DIRECTOR OF HUMAN RESOU	40.00	Highest	$171,640	$26,234	$197,874

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	$71,563,008	$75,375,060	$722,954,431	$-3,812,052
2024	$71,563,008	$75,375,060	$722,954,431	$-3,812,052
2023	$76,280,468	$70,210,078	$267,400,230	$6,070,390
2022	$69,359,074	$66,234,513	$237,063,062	$3,124,561
2021	$70,077,492	$64,847,675	$226,856,514	$5,229,817
2020	$63,905,836	$63,308,741	$182,720,329	$597,095
2019	$62,696,283	$60,613,729	$181,465,545	$2,082,554
2018	$56,772,670	$53,917,926	$178,422,047	$2,854,744

WESTMINSTER CANTERBURY ON CHESAPEAKE BAY