WESTMINSTER PRESBYTERIAN HOMES INC (EIN 581327731) - 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

1998

Legal Domicile

Principal Officer

ALEX PATTERSON

Phone

2292636191

Tax Period

2023-01-01 to 2023-12-31

WESTMINSTER PRESBYTERIAN HOMES INC, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $25.8M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $28.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

DEVELOPMENT OF A HOUSING FACILITY FOR THE ELDERLY.

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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 $919,754

Program Service Revenue $22,745,713

Investment Income $1,558,621

Other Revenue $529,933

TOTAL REVENUE $25,754,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,638,246

Fundraising Expenses $0

Program Expenses $25,953,134

Other Expenses $20,885,213

TOTAL EXPENSES $28,523,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,754,021	$18,164,480	+0.4%
Expenses	$28,523,459	$24,816,857	+0.1%
Net Income	$-2,769,438	$-6,652,377	-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

169

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

$936,431

Total Directors

$435,659

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX PATTERSON	PRESIDENT/CEO	1.00	Officer Director	$0	$54,854	$435,659
REV TONY SUNDERMEIER	CHAIR	1.00	Officer Director	$0	$0	$0
JACK BENEDICT	TREASURER	1.00	Officer Director	$0	$0	$0
C DUNCAN BEARD	SECRETARY	1.00	Officer Director	$0	$0	$0
LATIVIA ALSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARION GLOVER	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS E JONES JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT H NEEL	BOARD MEMBER	1.00	Director	$0	$0	$0
S MARK ROBERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVIS C STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES H MORGAN JR	BOARD MEMBER	1.00	Director	$0	$0	$0
GWEN HARDY	COO	1.00	Officer	$0	$1,488	$105,640
DIANNE ARRENDALE	CFO	1.00	Officer	$0	$18,271	$173,797
MATTHEW C HONEYCUTT	EXECUTIVE DIRECOR	40.00	Officer	$174,403	$46,932	$221,335
CALVIN E WALKER JR	ADMINISTRATOR	40.00	Highest	$122,592	$11,234	$133,826
YVONNE CARTER	LICENSED PRACTICAL NURSE	40.00	Highest	$152,488	$3,370	$155,858
DEREK S OSBORNE	PHARMACIST	40.00	Highest	$131,739	$0	$131,739
MONICA WILLIAMS	DIRECTOR OF NURSING	40.00	Highest	$102,653	$261	$102,914
CHRISTINA M MCLOUD	LICENSED PRACTICAL NURSE	40.00	Highest	$102,722	$0	$102,722

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	$25,754,021	$28,523,459	$166,600,727	$-2,769,438
2022	$18,164,480	$24,816,857	$186,298,762	$-6,652,377
2021	$9,306,847	$19,701,482	$182,288,167	$-10,394,635
2020	$2,008,804	$1,805,194	$162,358,987	$203,610
2019	$2,810,245	$1,699,981	$99,139,340	$1,110,264
2018	$614,846	$1,721,809	$77,078,936	$-1,106,963

WESTMINSTER PRESBYTERIAN HOMES INC