WHEELING, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WELTY HOME FOR THE AGED INC, founded in 1950, is a mid-sized nonprofit in the Human Services sector that reported $31.8M in total revenue in fiscal year 2023. Expenses of $29.7M left a modest 7% surplus.
THE CHARITABLE PURPOSES OF THE WELTY HOME FOR THE AGED, INC. ARE TO OWN, OPERATE AND MAINTAIN WITHIN THE CITY OF WHEELING AND ELSEWHERE IN OHIO COUNTY, WEST VIRGINIA, FACILITIES HAVING THE CAPACITY TO PROVIDE A FULL RANGE OF SECONDARY HEALTHCARE SERVICES FOR THE AGED, INCLUDING THOSE ILL AND DISABLED. SUCH SERVICES INCLUDE BUT ARE NOT LIMITED TO, SPECIALTY AND RESTORATIVE HEALTHCARE SERVICES, REHABILITATIVE HEALTHCARE SERVICES, CUSTODIAL CARE SERVICES, SKILLED NURSING SERVICES AND PROGRAMS AND OTHER HEALTH RELATED SERVICES ALL OF WHICH SHALL BE DESIGNED TO PROVIDE CARE FOR MEN AND WOMEN IN A CHRISTIAN, CHARITABLE AND BENEVOLENT MANNER.THE OPERATIONS IN FURTHERANCE OF THE CORPORATION'S CHARITABLE PURPOSES ARE CARRIED OUT BY FOUR LIMITED LIABILITY COMPANIES: 1) GOOD SHEPHERD NURSING HOME, LC; 2) THE WELTY HOME, LC; 3) WELTY RETIREMENT APARTMENTS, LC; AND 4) WELTY HOME REAL ESTATE, LC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $31,842,397 | $29,667,415 | +0.1% |
| Expenses | $29,706,480 | $29,171,904 | +0.0% |
| Net Income | $2,135,917 | $495,511 | +3.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MOST REV MARK E BRENNAN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| REV MSGR EUGENE OSTROWSKI | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PENN KURTZ | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAWRENCE E BANDI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH F GATES | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| ANN KOEGLER | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| LOUISE COULLING | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| RANDALL FORZANO | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| DONALD R KIRSCH | ADMINISTRATOR | 46.00 |
Officer
|
$355,307 | $47,339 | $402,646 |
| DEBORAH MALENA | NURSE - RN | 50.00 |
Highest
|
$176,683 | $20,056 | $196,739 |
| EDITH TAYLOR | NURSE - RN | 46.00 |
Highest
|
$150,260 | $17,558 | $167,818 |
| ELEANOR REXROAD | ADMINISTRATIVE RN | 47.00 |
Highest
|
$154,161 | $16,913 | $171,074 |
| MORGAN MURPHY | ASSISTANT ADMINISTRATOR | 45.00 |
Highest
|
$131,709 | $33,779 | $165,488 |
| JOSHUA JONES | NURSE - RN | 45.00 |
Highest
|
$157,743 | $35,567 | $193,310 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $31,842,397 | $29,706,480 | $92,218,686 | $2,135,917 |
| 2022 | $29,667,415 | $29,171,904 | $87,009,937 | $495,511 |
| 2021 | $30,371,151 | $27,689,199 | $92,531,055 | $2,681,952 |
| 2020 | $32,550,088 | $29,161,925 | $53,967,541 | $3,388,163 |
| 2019 | $29,712,010 | $27,158,794 | $49,247,922 | $2,553,216 |
| 2018 | $25,610,736 | $25,638,121 | $47,119,507 | $-27,385 |
Compare WELTY HOME FOR THE AGED INC with other nonprofits in West Virginia and across the country.