CLARA WELTY TESTAMENTARY TRUST (WELTY HOME FOR THE AGED INC BENEFICIARY) (EIN 556021397) - Form 990 Financial Analysis & Trantor Score

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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

1960

Legal Domicile

Principal Officer

MORGAN MURPHY

Phone

3042425233

Tax Period

2023-01-01 to 2023-12-31

CLARA WELTY TESTAMENTARY TRUST (WELTY HOME FOR THE AGED INC BENEFICIARY), founded in 1960, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 410% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.7M, a strong 92% operating margin.

Mission

TO PROVIDE CARE AND COMFORT TO THE ELDERLY BY SUPPORT OF WELTY HOME FOR THE AGED, INC., ITS SUBSIDIARIES, AND DIRECT CARE AND COMFORT TO THE ELDERLY.

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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 $0

Program Service Revenue $0

Investment Income $8,179,038

Other Revenue $200,000

TOTAL REVENUE $8,379,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $654,707

Other Expenses $707,977

TOTAL EXPENSES $707,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,379,038	$1,644,541	+4.1%
Expenses	$707,977	$712,351	0.0%
Net Income	$7,671,061	$932,190	+7.2%

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

$402,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENN KURTZ	TREASURER	0.30	Officer Director	$0	$0	$0
MOST REV MARK E BRENNAN	CHAIRMAN OF TRUSTEES	0.30	Officer Director	$0	$0	$0
REV MSGR EUGENE OSTROWSKI	TRUSTEE	0.30	Director	$0	$0	$0
LAWRENCE E BANDI	TRUSTEE	0.30	Director	$0	$0	$0
DONALD R KIRSCH	ADMINISTRATOR	7.00	Officer	$0	$47,339	$402,646

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	No data	No data	No data	No data
2023	$8,379,038	$707,977	$39,725,275	$7,671,061
2022	$1,644,541	$712,351	$37,566,446	$932,190
2021	$1,487,690	$825,964	$40,989,745	$661,726
2020	$3,850,229	$2,476,794	$38,474,199	$1,373,435
2019	$5,054,808	$2,680,307	$37,463,191	$2,374,501
2018	$97,469	$1,685,317	$35,360,406	$-1,587,848

CLARA WELTY TESTAMENTARY TRUST (WELTY HOME FOR THE AGED INC BENEFICIARY)