WESLEY HOMES LAKE COUNTY INC (EIN 581442179) - 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

1985

Legal Domicile

Principal Officer

BRIAN HARRIS

Phone

9013804900

Tax Period

2023-01-01 to 2023-12-31

WESLEY HOMES LAKE COUNTY INC, founded in 1985, is a small nonprofit that reported $540K in total revenue in fiscal year 2023. Expenses of $508K left a modest 6% surplus.

Mission

TO PROVIDE HOUSING AND SERVICES TO VERY LOW AND EXTREMELY LOW INCOME 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 $385,934

Program Service Revenue $157,335

Investment Income $-3,021

Other Revenue $0

TOTAL REVENUE $540,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,338

Fundraising Expenses $0

Program Expenses $413,092

Other Expenses $426,209

TOTAL EXPENSES $507,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,248	$554,798	0.0%
Expenses	$507,547	$491,952	+0.0%
Net Income	$32,701	$62,846	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV ANDREW THOMPSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NANCY ALBONETTI	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DWIGHT DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA L WARD	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY MITCHENER	DIRECTOR	1.00	Director	$0	$0	$0
CAROL AVENS	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH BINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE FEGER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GARST	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS GAY	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOU CUSHING	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
BRIAN HARRIS	NON-VOTING CEO	1.00	Officer	$0	$0	$0
RONALD BUDYNAS	NON-VOTING COO	1.00	Officer	$0	$0	$0
DONALD OLLIO	NON-VOTING CFO	1.00	Officer	$0	$0	$0

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	$540,248	$507,547	$611,053	$32,701
2022	$554,798	$491,952	$623,576	$62,846
2021	$503,047	$438,781	$601,406	$64,266
2020	$508,284	$410,773	$596,111	$97,511
2019	$484,911	$414,638	$595,693	$70,273
2018	$507,491	$418,055	$630,943	$89,436

WESLEY HOMES LAKE COUNTY INC