FOUNDATION OF WESLEY WOODS INC (EIN 581543164) - 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

1984

Legal Domicile

Principal Officer

TERRY BARCROFT

Phone

4042827806

Tax Period

2023-09-01 to 2024-08-31

FOUNDATION OF WESLEY WOODS INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $8.9M exceeded revenue, resulting in a 40% operating deficit.

Mission

CREATING COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE FOR OLDER ADULTS LIVING IN WESLEY WOODS COMMUNITIES BY RAISING VITAL FUNDING FOR THE LIFE CHANGING WORK OF WESLEY WOODS.

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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 $3,730,869

Program Service Revenue $0

Investment Income $2,576,426

Other Revenue $66,971

TOTAL REVENUE $6,374,266

Expense Breakdown

Grants Paid $7,777,710

Salaries & Benefits $0

Fundraising Expenses $626,543

Program Expenses $7,797,687

Other Expenses $1,118,882

TOTAL EXPENSES $8,896,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,374,266	$3,847,920	+0.7%
Expenses	$8,896,592	$2,848,954	+2.1%
Net Income	$-2,522,326	$998,966	-3.5%

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

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

$1,014,150

Total Directors

$811,765

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	VPO	12.00	Officer Director	$0	$18,705	$238,993
DIANE VAUGHAN	PRESIDENT	38.00	Officer Director	$0	$23,650	$234,123
REV DR BILL BURCH	CHAIR	2.00	Officer Director	$0	$0	$0
LISA MCGAHAN	VICE CHAIR	1.00	Director	$0	$0	$0
JESS BARRON	DIRECTOR	1.00	Director	$0	$0	$0
TOM BEVER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GUNTER	DIRECTOR	1.00	Director	$0	$0	$0
MARK B CHANDLER SR	DIRECTOR	1.00	Director	$0	$0	$0
B THOMAS COOK JR	DIRECTOR	1.00	Director	$0	$0	$0
BOB CURRIE	DIRECTOR	1.00	Director	$0	$0	$0
RON DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ANN LALLY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON SPEARS	DIRECTOR	1.00	Director	$0	$0	$0
BOYD PETTIT	DIRECTOR	1.00	Director	$0	$0	$0
BOB HOPE	DIRECTOR	1.00	Director	$0	$0	$0
DR TOM JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
PHIL JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES JORDAN JR	DIRECTOR	1.00	Director	$0	$0	$0
ALISON LEBRETON	DIRECTOR	1.00	Director	$0	$0	$0
REV DR KEVIN MURRIEL	DIRECTOR	1.00	Director	$0	$0	$0
VICKI RIEDEL	DIRECTOR	1.00	Director	$0	$0	$0
RON THIGPEN	DIRECTOR	1.00	Director	$0	$0	$0
REV WILL ZANT	DIRECTOR	1.00	Director	$0	$0	$0
DR KAY CROSBY	DIRECTOR	1.00	Director	$0	$0	$0
REV CLARENCE THROWER	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK RHODES	DIRECTOR	1.00	Director	$0	$0	$0
BARRY STOREY	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON VALASEK	CFO & SECRETARY/TREASURER	5.00	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	$6,374,266	$8,896,592	$49,093,435	$-2,522,326
2023	$3,847,920	$2,848,954	$45,835,064	$998,966
2022	$5,366,231	$3,310,165	$43,817,133	$2,056,066
2021	$13,391,408	$2,503,075	$48,305,805	$10,888,333
2020	$2,103,157	$2,369,425	$33,176,561	$-266,268
2019	$3,920,195	$2,893,285	$31,941,800	$1,026,910
2018	$4,992,617	$2,796,085	$31,010,231	$2,196,532

FOUNDATION OF WESLEY WOODS INC