RESIDENTS ASSOCIATION OF WESTMINISTER CANTERBURY IN VA BCH (EIN 541429184) - 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

1997

Legal Domicile

Principal Officer

Charles Culpepper

Phone

7574961509

Tax Period

2023-10-01 to 2024-09-30

RESIDENTS ASSOCIATION OF WESTMINISTER CANTERBURY ON CHESAPEAKE BAY, founded in 1997, is a small nonprofit that reported $335K in total revenue in fiscal year 2019. Revenue decreased 13% compared to the prior year.

Mission

The Resident's Association of Westminster Canterbury represents 670 residents of Westminster Canterbury on Chesapeake Bay, a continuing care community/ life care community in Virginia Beach, Va.

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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 $359,550

Program Service Revenue $0

Investment Income $0

Other Revenue $155,830

TOTAL REVENUE $515,380

Expense Breakdown

Grants Paid $505,969

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $506,126

Other Expenses $157

TOTAL EXPENSES $506,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,380	$496,171	+0.0%
Expenses	$506,126	$522,257	0.0%
Net Income	$9,254	$-26,086	-1.4%

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

670

Independent Members

670

Employees

N/A

Volunteers

300

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JoAnn Hunter	President	60	Officer	$0	$0	$0
Richard Keever	Vice President	20	Officer	$0	$0	$0
Elizabeth Cake	Secretary	20	Officer	$0	$0	$0
Charles Culpepper	Treasurer	50	Officer	$0	$0	$0

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	$515,380	$506,126	$79,516	$9,254
2023	$496,171	$522,257	$70,262	$-26,086
2022	$447,558	$448,180	$98,295	$-622
2021	$428,124	$396,331	$98,780	$31,793
2020	$334,925	$339,028	$66,703	$-4,103

RESIDENTS ASSOCIATION OF WESTMINISTER CANTERBURY IN VA BCH