WILLIAMSBURG LANDING CONTINUING CA… - 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

1997

Legal Domicile

Principal Officer

GREGORY T STORER

Phone

7575656511

Tax Period

2024-01-01 to 2024-12-31

WILLIAMSBURG LANDING CONTINUING CARE TRUST, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $455K, a strong 39% operating margin.

Mission

WILLIAMSBURG LANDING'S CONTINUING CARE PROGRAM IS FUNDED BY A CONTINUING CARE TRUST INTENDED TO PROVIDE A SECURE PREDICTABLE FINANCIAL FUTURE FOR RESIDENTS, REGARDLESS OF FUTURE FINANCIAL NEEDS. IN EXCHANGE FOR A MONTHLY FEE, THE PROGRAM PROVIDES BENEFITS FOR EACH LEVEL OF CARE IN HEALTH & REHABILITATION, ASSISTED LIVING, AND MEMORY SUPPORT TO SUPPLEMENT THE COST OF HIGHER LEVELS OF CARE.

Program Service Accomplishments

Program 1

Expenses: $680,206

THE TRUST WAS ESTABLISHED IN MAY OF 1997 FROM AN EARLIER PROGRAM DEVELOPED BY AN INSURANCE COMPANY. RESIDENT FEES ARE DEPOSITED INTO THE FUND AND BENEFITS PAID OUT ARE REQUESTED FROM THE TRUST. THE PROGRAM WAS CLOSED TO NEW PARTICIPANTS AT THE END OF 2007. FUNDS IN TRUST MAY ONLY BE USED TO PAY BENEFITS AND RELATED COSTS TO MAINTAIN THE TRUST AND ARE NOT AVAILABLE FOR CORPORATE PURPOSES. THE CONTINUING CARE TRUST IS HELD BY A THIRD PARTY TRUSTEE WITH OVERSIGHT BY THE WILLIAMSBURG LANDING BOARD OF DIRECTORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,166,734

Other Revenue $0

TOTAL REVENUE $1,166,734

Expense Breakdown

Grants Paid $680,206

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $680,206

Other Expenses $31,950

TOTAL EXPENSES $712,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,166,734	$493,542	+1.4%
Expenses	$712,156	$1,458,761	-0.5%
Net Income	$454,578	$-965,219	-1.5%

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

$875,531

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE ZEIDLER	CHAIR	4.00	Officer Director	$0	$0	$0
ALEXANDER POWELL JR	SECRETARY	4.00	Officer Director	$0	$0	$0
DR MATTHEW T LAMBERT	TREASURER	3.00	Officer Director	$0	$0	$0
TERRY BANEZ	DIRECTOR	3.00	Director	$0	$0	$0
ALLISON J BRODY	DIRECTOR	4.00	Director	$0	$0	$0
DONALD BUCKLESS	DIRECTOR	3.00	Director	$0	$0	$0
LOUISE CANFIELD	DIRECTOR	3.00	Director	$0	$0	$0
ELIZABETH DAVIS	DIRECTOR	3.00	Director	$0	$0	$0
TERRY DRISCOLL	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL FOX	DIRECTOR	3.00	Director	$0	$0	$0
VERNON GEDDY III	DIRECTOR	3.00	Director	$0	$0	$0
PAUL GERHARDT	DIRECTOR	3.00	Director	$0	$0	$0
CONNIE MATTHEWS HARSHAW	DIRECTOR	3.00	Director	$0	$0	$0
JUDY KNUDSON	DIRECTOR	3.00	Director	$0	$0	$0
TIMOTHY MILLS	DIRECTOR	3.00	Director	$0	$0	$0
DR CARLENE PITTMAN	DIRECTOR	3.00	Director	$0	$0	$0
BRANDON RANDALL	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS SMITH	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT STABLER	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT UNDERWOOD	DIRECTOR	3.00	Director	$0	$0	$0
JOHN VANAKEN	DIRECTOR	3.00	Director	$0	$0	$0
GREGORY STORER	PRESIDENT & CEO	55.00	Officer	$377,942	$38,485	$416,427
JAMES MICHAEL WILLIAMS	COO (THRU 06/24)	60.00	Officer	$186,873	$16,438	$203,311
JUANITA PARKS	CFO (THRU 08/24)	60.00	Officer	$207,799	$10,316	$218,115
MARTIN KANE	CFO (AS OF 10/24)	60.00	Officer	$36,174	$1,504	$37,678

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	$1,166,734	$712,156	$8,506,606	$454,578
2023	$493,542	$1,458,761	$8,262,434	$-965,219
2022	$821,234	$1,403,126	$8,291,103	$-581,892
2021	$721,354	$869,001	$11,860,172	$-147,647
2020	$667,828	$891,126	$11,389,581	$-223,298
2019	$789,081	$819,136	$10,155,279	$-30,055
2018	$683,862	$894,374	$8,867,915	$-210,512

WILLIAMSBURG LANDING CONTINUING CARE TRUST