WELL-SPRING RETIREMENT COMMUNITY INC (EIN 561497371) - 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

1987

Legal Domicile

Principal Officer

STEPHEN P FLEMING

Phone

3365455421

Tax Period

2023-01-01 to 2023-12-31

WELL-SPRING RETIREMENT COMMUNITY INC, founded in 1987, is a mid-sized nonprofit in the Human Services sector that reported $39.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE RETIREMENT LIVING SERVICES.

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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 $1,360,486

Program Service Revenue $36,937,797

Investment Income $1,515,409

Other Revenue $112,402

TOTAL REVENUE $39,926,094

Expense Breakdown

Grants Paid $1,729,878

Salaries & Benefits $19,145,525

Fundraising Expenses $69,722

Program Expenses $37,726,435

Other Expenses $20,235,990

TOTAL EXPENSES $41,111,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,926,094	$36,704,666	+0.1%
Expenses	$41,111,393	$36,925,554	+0.1%
Net Income	$-1,185,299	$-220,888	+4.4%

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

Independent Members

Employees

652

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

$941,112

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH BOGGS	VICE-CHAIR, IMM. PAST CHAI	1.00	Officer Director	$0	$0	$0
KATHRYN COOKIE BILLINGS	CHAIR	1.00	Officer Director	$0	$0	$0
JERRY BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF BLASER	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN CAMIA	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY CANNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB CHANDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM CLONTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY CONE	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN COX	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY GATLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSTY HOLT	BOARD MEMBER	1.00	Director	$0	$0	$0
DARYL INGOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER KOENIG	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE MCALISTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB POWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN SHUMAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE SIMMS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTY STADLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM STEELE	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN ZURAW	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN P FLEMING	PRESIDENT/CEO	5.00	Officer	$0	$34,843	$482,677
K ALAN TUTTEROW	SECRETARY/INTERIM TREAS	5.00	Officer	$0	$23,512	$458,435
MISTI RIDENOUR	EXECUTIVE DIRECTOR	40.00	Highest	$218,836	$11,230	$230,066
TODD DUMKE	DIRECTOR OF DINING SERVICES	40.00	Highest	$130,916	$10,580	$141,496
PHILIP JOHNSON	DIRECTOR OF FACILITIES	40.00	Highest	$127,950	$13,430	$141,380
SUSAN SUEK	DIRECTOR OF NURSING	40.00	Highest	$136,821	$10,580	$147,401
MICHAEL JONES	DIRECTOR OF HEALTH SERVICES	40.00	Highest	$145,664	$38,799	$184,463

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	$39,926,094	$41,111,393	$138,730,668	$-1,185,299
2022	$36,704,666	$36,925,554	$137,378,238	$-220,888
2021	$37,797,719	$33,551,739	$143,095,668	$4,245,980
2020	$33,222,208	$31,177,091	$121,871,576	$2,045,117
2019	$33,044,542	$30,588,821	$118,130,936	$2,455,721
2018	$28,804,245	$26,125,414	$113,889,826	$2,678,831

WELL-SPRING RETIREMENT COMMUNITY INC