WESLEY HOMES INC (EIN 580909393) - 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

1962

Legal Domicile

Principal Officer

TERRY BARCROFT

Phone

4047286299

Tax Period

2023-09-01 to 2024-08-31

WESLEY HOMES INC, founded in 1962, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.0M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE

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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 $1,247,528

Program Service Revenue $13,545,891

Investment Income $121,271

Other Revenue $78,014

TOTAL REVENUE $14,992,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,279,870

Fundraising Expenses $0

Program Expenses $11,384,246

Other Expenses $10,800,533

TOTAL EXPENSES $15,080,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,992,704	$14,208,058	+0.1%
Expenses	$15,080,403	$14,436,256	+0.0%
Net Income	$-87,699	$-228,198	-0.6%

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

Volunteers

2100

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

$780,027

Total Directors

$577,642

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY BARCROFT	PRESIDENT & CEO	13.00	Officer Director	$0	$23,071	$338,649
LAURI ANN BROOKS	DIRECTOR, VPO	12.00	Officer Director	$0	$18,705	$238,993
GLENN WARREN	CHAIR	1.00	Officer Director	$0	$0	$0
CATHIE BERGER	DIRECTOR	1.00	Director	$0	$0	$0
DIANE VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON VALASEK	CFO & SECRETARY/TREASURER	4.00	Officer	$0	$22,366	$202,385

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	$14,992,704	$15,080,403	$19,652,953	$-87,699
2023	$14,208,058	$14,436,256	$19,813,951	$-228,198
2022	$14,562,426	$14,292,160	$20,193,659	$270,266
2021	$13,715,520	$13,329,779	$20,385,914	$385,741
2020	$13,292,577	$13,385,832	$19,426,961	$-93,255
2019	$13,659,337	$13,829,740	$16,839,567	$-170,403
2018	$13,059,148	$13,038,806	$17,386,171	$20,342

WESLEY HOMES INC