WESLEYAN HOMES OF TROY INC (EIN 581521578) - 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

1983

Legal Domicile

Principal Officer

RICHARD HINSON

Phone

9105722218

Tax Period

2023-01-01 to 2023-12-31

WESLEYAN HOMES OF TROY INC, founded in 1983, is a small nonprofit in the Human Services sector that reported $389K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $68K, a strong 18% operating margin.

Mission

TO PROVIDE LOW-INCOME HOUSING 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 $257,172

Program Service Revenue $127,195

Investment Income $3,725

Other Revenue $752

TOTAL REVENUE $388,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $313,436

Other Expenses $320,425

TOTAL EXPENSES $320,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$388,844	$344,618	+0.1%
Expenses	$320,425	$258,024	+0.2%
Net Income	$68,419	$86,594	-0.2%

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
RICHARD HINSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
AMY VUNCANNON	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC M ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY HAYNES	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD LINDSEY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON PIGFORD	DIRECTOR	1.00	Director	$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	$388,844	$320,425	$2,296,746	$68,419
2022	$344,618	$258,024	$361,032	$86,594
2021	$343,102	$252,250	$306,819	$90,852
2020	$335,718	$254,541	$291,510	$81,177
2019	$328,516	$240,160	$285,290	$88,356
2018	$325,488	$264,800	$268,563	$60,688

WESLEYAN HOMES OF TROY INC