IRENE WORTHAM RESIDENTIAL CENTER I… - 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

1986

Legal Domicile

Principal Officer

CHAD WHITTEMORE

Phone

8282747518

Tax Period

2023-07-01 to 2024-06-30

IRENE WORTHAM RESIDENTIAL CENTER INC, founded in 1986, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2023.

Mission

IRENE WORTHAM RESIDENTIAL CENTER, ALONG WITH IRENE WORTHAM CENTER, HAVE HELPED CHILDREN AND ADULTS WITH DEVELOPMENTAL AND/OR SOCIOECONOMIC CHALLENGES LEAD HEALTHY, HAPPY AND MORE INDEPENDENT LIVES. FROM OUR CARF-ACCREDITED ADULT DAY ACTIVITY AND SUPPORTED EMPLOYMENT PROGRAMS, TO OUR 5-STAR-RATED CHILD CARE CENTER, TO OUR COMPREHENSIVE, AROUND-THE-CLOCK RESIDENTIAL CARE HOMES, IRENE WORTHAM RESIDENTIAL CENTER, IRENE WORTHAM CENTER AND THEIR EXCEPTIONAL STAFF INSPIRE AND EMPOWER INDIVIDUALS TO REACH THEIR FULL POTENTIAL FROM BIRTH TO END OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $3,200,288 Revenue: $3,651,031

THE RESIDENTIAL PROGRAM, A PROGRAM OF THE IRENE WORTHAM RESIDENTIAL CENTER, PROVIDES COMPREHENSIVE, AROUND-THE-CLOCK, INDIVIDUALIZED CARE FOR 24 CHILDREN AND ADULTS. ALL THERAPY IS DESIGNED TO...

THE RESIDENTIAL PROGRAM, A PROGRAM OF THE IRENE WORTHAM RESIDENTIAL CENTER, PROVIDES COMPREHENSIVE, AROUND-THE-CLOCK, INDIVIDUALIZED CARE FOR 24 CHILDREN AND ADULTS. ALL THERAPY IS DESIGNED TO INCREASE THE CLIENT'S INDEPENDENCE AND CHOICES IN LIFE. OUR THREE HOMES ARE LICENSED AS INTERMEDIATE CARE FACILITIES FOR PERSONS WITH INTELLECTUAL DEVELOPMENTAL DISABILITIES.

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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 $68,841

Program Service Revenue $3,651,031

Investment Income $52,524

Other Revenue $0

TOTAL REVENUE $3,772,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,063,265

Fundraising Expenses $0

Program Expenses $3,200,288

Other Expenses $1,632,999

TOTAL EXPENSES $3,696,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,772,396	$3,837,967	0.0%
Expenses	$3,696,264	$3,374,256	+0.1%
Net Income	$76,132	$463,711	-0.8%

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

N/A

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

$147,012

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BROWN	DIRECTOR	1.50	Director	$0	$0	$0
MICKEY DALE	DIRECTOR	1.50	Director	$0	$0	$0
JASON GAST	DIRECTOR	1.50	Director	$0	$0	$0
JEFF HICKS	DIRECTOR	1.50	Director	$0	$0	$0
DEXTER HAZEL	DIRECTOR	1.50	Director	$0	$0	$0
RHYNA SIMMERS	DIRECTOR	1.50	Director	$0	$0	$0
DR LARRY FISHER	SECRETARY	1.50	Officer Director	$0	$0	$0
CHAD WHITTEMORE	TREASURER	1.50	Officer Director	$0	$0	$0
RITA MADDUX	VICE-CHAIR	1.50	Officer Director	$0	$0	$0
WES MCCALL	CHAIR	1.50	Officer Director	$0	$0	$0
MATTHEW HENRY	PRESIDENT & CEO	20.00	Officer	$71,065	$4,882	$147,012

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
2025	No data	No data	No data	No data
2024	$3,772,396	$3,696,264	$4,274,830	$76,132
2023	$3,837,967	$3,374,256	$4,082,325	$463,711
2022	$4,443,928	$3,065,119	$3,626,922	$1,378,809
2021	$3,535,064	$2,693,844	$2,408,259	$841,220
2020	$2,804,655	$2,813,775	$1,494,184	$-9,120
2019	$2,678,526	$2,614,051	$1,476,230	$64,475

IRENE WORTHAM RESIDENTIAL CENTER INC