WESLEY COMMONS

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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

1969

Legal Domicile

Principal Officer

DAVID BUCKSHORN

Phone

8642277250

Tax Period

2022-10-01 to 2023-09-30

WESLEY COMMONS, founded in 1969, is a mid-sized nonprofit in the Human Services sector that reported $24.9M in total revenue in fiscal year 2022.

Mission

WESLEY COMMONS IS A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES THE FINEST IN HEALTH SERVICES, INCLUDING ASSISTED LIVING, INTERMEDIATE AND SKILLED NURSING CARE, SPECIALIZED CARE FOR ALZHEIMER'S AND DEMENTIA-RELATED ILLNESSES, AS WELL AS CRITICAL THERAPY PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $6,592,472 Revenue: $10,018,561

INDEPENDENT LIVING - WESLEY COMMONS IS A MASTER PLANNED, FULL-SERVICE CONTINUING CARE RETIREMENT COMMUNITY LOCATED ON OVER 158 BEAUTIFUL WOODED ACRES IN GREENWOOD, SOUTH CAROLINA. THE COMMUNITY...

INDEPENDENT LIVING - WESLEY COMMONS IS A MASTER PLANNED, FULL-SERVICE CONTINUING CARE RETIREMENT COMMUNITY LOCATED ON OVER 158 BEAUTIFUL WOODED ACRES IN GREENWOOD, SOUTH CAROLINA. THE COMMUNITY OFFERS A FULL RANGE OF SERVICES FOR SENIOR ADULTS - A VARIETY OF INDEPENDENT RESIDENTIAL LIVING NEIGHBORHOODS, WITH THE SECURITY OF QUALITY AND CARING OPTIONS FOR ASSISTED LIVING, ALZHEIMER'S AND DEMENTIA CARE, AND SKILLED NURSING RIGHT ON OUR CAMPUS. THIS GIVES RETIREES THE FREEDOM TO SHAPE THEIR OWN RETIREMENT LIFESTYLE WITH COMFORT AND SECURITY.

Program 2

Expenses: $7,890,520 Revenue: $10,110,862

SKILLED NURSING - SURROUNDED BY LUSH LANDSCAPING AND ROLLING GREEN MEADOWS, WESLEY COMMONS HEALTH CARE CENTER IS A LIVELY AND INVITING PLACE. ORIGINALLY OPENED IN 1971, THE HEALTH CARE CENTER HAS 40 PRIVATE ROOMS WITH PRIVATE BATHS AND 40 PRIVATE ROOMS WITH JACK/JILL BATHS. ALL ROOMS OFFER AMPLE SPACE FOR FAMILY VISITS AND A CALM ENVIRONMENT THAT IS CONDUCIVE TO THE HIGHEST QUALITY OF LIFE. THE HEALTH CARE CENTER IS CERTIFIED BY MEDICARE AND MEDICAID AND OFFERS 24-HOUR PROFESSIONAL LICENSED SKILLED NURSING CARE.

Program 3

Expenses: $2,751,738 Revenue: $3,770,818

ASSISTED LIVING - PALMETTO PLACE ASSISTED LIVING IS A BEAUTIFUL PART OF WESLEY COMMONS COMMUNITY THAT OFFERS AN ENVIRONMENT THAT ENCOURAGES INDEPENDENCE AND SELF-WORTH, WHILE PROVIDING ASSISTANCE...

ASSISTED LIVING - PALMETTO PLACE ASSISTED LIVING IS A BEAUTIFUL PART OF WESLEY COMMONS COMMUNITY THAT OFFERS AN ENVIRONMENT THAT ENCOURAGES INDEPENDENCE AND SELF-WORTH, WHILE PROVIDING ASSISTANCE WITH EVERYDAY ACTIVITIES. WE ARE DESIGNED TO PROVIDE SENIOR ADULTS WITH INDIVIDUALIZED ASSISTANCE WITH ACTIVITIES OF DAILY LIVING SUCH AS BATHING, DRESSING, MEALS, MEDICATION MANAGEMENT/ADMINISTRATION AND CAREFREE LIVING. OUR RESIDENTS ENJOY DINING IN A RESTAURANT-STYLE ATMOSPHERE WHERE THEIR NEEDS AND DESIRES ARE MET BY A WAIT STAFF. THERE IS ALSO A FULL ARRAY OF ACTIVITIES TO STIMULATE THEIR MINDS AND BODIES. WE ENCOURAGE THESE RESIDENTS TO PARTAKE IN THE FITNESS ACTIVITIES OFFERED IN OUR WELLNESS COMPLEX, FULLY EQUIPPED WITH A WEIGHT ROOM, EXERCISE ROOM, AND POOL WITH MEN AND WOMEN'S LOCKER ROOMS.JASMINE COTTAGE IS A 14-BED SECURED DEMENTIA UNIT. WE SPECIALIZE IN THE CARE OF INDIVIDUALS WITH COGNITIVE RELATED ILLNESSES. WE PROVIDE HIGHER STAFFING RATIOS IN ORDER TO MEET INDIVIDUAL RESIDENT NEEDS. WE OFFER ASSISTANCE WITH ACTIVITIES OF DAILY LIVING SUCH AS BATHING, DRESSING, AND CUES TO PROMOTE SELF-ESTEEM AND OVERALL FEELING OF ACCOMPLISHMENT FOR THE RESIDENT. THE AREA IS VERY FRIENDLY, INVITING, AND HOMELIKE. MEALS ARE DELIVERED AND SERVED "FAMILY STYLE." WE PROVIDE STIMULATING ACTIVITIES TO KEEP THE RESIDENT INVOLVED AND ACTIVE. STAFF SPECIALIZE IN BEHAVIORAL DISTURBANCES SUCH AS SUNDOWNING, TIME TRAVELING, OR AGITATION ISSUES. THE AREA IS DESIGNED TO MAKE THE RESIDENT FEEL SECURE AND COMFORTABLE IN THEIR SURROUNDINGS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $593,111

Program Service Revenue $23,900,241

Investment Income $430,617

Other Revenue $0

TOTAL REVENUE $24,923,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,915,094

Fundraising Expenses $128,955

Program Expenses $20,109,734

Other Expenses $14,872,971

TOTAL EXPENSES $26,788,065

Year-over-Year Comparison

	2022	2021	Change
Revenue	$24,923,969	$23,400,470	+0.1%
Expenses	$26,788,065	$26,297,940	+0.0%
Net Income	$-1,864,096	$-2,897,470	-0.4%

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

488

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

$905,917

Total Directors

Key Employees

$377,255

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS MELISSA BAIN	TRUSTEE	0.20	Director	$0	$0	$0
DR WALLACE L FRIDY	TRUSTEE	0.20	Director	$0	$0	$0
THE REVEREND MICHAEL GUFFEE	TRUSTEE	0.20	Director	$0	$0	$0
MR DAVIS HOOK	TRUSTEE	0.20	Director	$0	$0	$0
MR WELBORN ADAMS	TRUSTEE	0.20	Director	$0	$0	$0
MR JAMES MEDFORD	TRUSTEE	0.20	Director	$0	$0	$0
MR RONNIE MILLENDER	TRUSTEE	0.20	Director	$0	$0	$0
MS BONNIE M BOO RAMAGE	TRUSTEE	0.20	Director	$0	$0	$0
MS LAURIE SMITH	TRUSTEE	0.20	Director	$0	$0	$0
THE REVEREND JEFFREY CHILDRESS	SECRETARY	0.20	Officer Director	$0	$0	$0
THE REVEREND R WAYNE HORNE	CHAIRMAN	0.20	Officer Director	$0	$0	$0
MR DAVID B BUCKSHORN	PRESIDENT/CEO	55.00	Officer	$530,650	$45,508	$576,158
MS SUSAN CRIBBS	CFO	50.00	Officer	$283,339	$46,420	$329,759
MS KIM HOLMES MOODY	VP OF OPERATIONS	50.00	Key Emp	$186,600	$13,411	$200,011
MR ROBERT C REAGIN	VP OF BUSINESS DEVELOPMENT	40.00	Key Emp	$161,074	$16,170	$177,244
MR KENNETH MCCLENDON	RETIREMENT COUNSELOR	40.00	Highest	$120,247	$9,793	$130,040
MS WANDA DODGEN	DIRECTOR OF NURSING	40.00	Highest	$100,521	$8,720	$109,241

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	$24,923,969	$26,788,065	$67,245,738	$-1,864,096
2022	$23,400,470	$26,297,940	$67,052,750	$-2,897,470
2021	$24,864,404	$23,888,259	$75,164,414	$976,145
2020	$22,622,993	$22,274,633	$73,787,602	$348,360
2019	$20,979,376	$22,040,283	$72,174,278	$-1,060,907
2018	$21,263,478	$20,541,385	$72,528,887	$722,093