Westminster Presbyterian Center Inc

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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

1981

Legal Domicile

Phone

8033285000

Tax Period

2023-01-01 to 2023-12-31

Westminster Presbyterian Center Inc, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $13.5M in total revenue in fiscal year 2023. Expenses of $12.9M left a modest 4% surplus.

Mission

OUR MISSION IS TO PROVIDE SERVICES THAT INSPIRE, ENCOURAGE, AND EMPOWER SENIORS. WHILE DEMONSTRATING THE LOVE OF CHRIST TO SUPPORT INDIVIDUAL WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $10,332,412 Revenue: $13,234,859

Leading senior services by initiating innovative change, providing creative alternatives for life's journey, while anticipating and meeting tomorrow's challenges and opportunities by using faith in God as our foundation, we serve and honor others with purpose: Integrity, Respect, Excellence, Enrichment. In 2023, Westminster accomplished keeping our residents safe and healthy by following Federal and State guidelines for Life Care Communities in the protection of infection from Covid19.

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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 $83,770

Program Service Revenue $13,234,859

Investment Income $207,543

Other Revenue $0

TOTAL REVENUE $13,526,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,652,740

Fundraising Expenses $0

Program Expenses $10,332,412

Other Expenses $7,283,221

TOTAL EXPENSES $12,935,961

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,526,172	$14,010,601	0.0%
Expenses	$12,935,961	$12,057,912	+0.1%
Net Income	$590,211	$1,952,689	-0.7%

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

197

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

$666,417

Total Directors

$313,807

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD VICE CHAIR	2.0	Officer Director	$0	$0	$0
N/A	BOARD SECRETARY	2.0	Officer Director	$0	$0	$0
N/A	CEO	40.0	Officer Director	$273,928	$39,879	$313,807
N/A	BOARD TREASURER	2.0	Officer Director	$0	$0	$0
N/A	BOARD CHAIR	2.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	EX OFFICIO BOARD MBR	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	CFO Beginning 08/01/23	40.0	Officer	$62,462	$3,180	$65,642
N/A	CFO Through 07/01/23	40.0	Officer	$110,919	$21,139	$132,058
N/A	CFO 07/02/23 - 07/31/23	40.0	Officer	$116,061	$38,849	$154,910
N/A	DIRECTOR MARKETING	40.0	Highest	$103,077	$15,189	$118,266
N/A	MDS/STAFF DEVP RN	40.0	Highest	$115,856	$22,931	$138,787

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	$13,526,172	$12,935,961	$37,260,194	$590,211
2022	$14,010,601	$12,057,912	$35,839,892	$1,952,689
2021	$16,884,865	$12,274,759	$36,844,641	$4,610,106
2020	$14,425,558	$11,984,830	$34,998,203	$2,440,728
2019	$14,501,154	$12,226,931	$31,548,673	$2,274,223
2018	$13,656,919	$11,876,457	$28,896,528	$1,780,462