WESLEY AT MILLINGTON INC

EIN: 581929230 501(c)(3)

CORDOVA, TN

Total Revenue
$766,045
Total Expenses
$857,109
Total Assets
$1,593,529
Net Assets
$-2,203,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
TN
Principal Officer
DONALD D OLLIO JR
Phone
9013804900
Tax Period
2024-07-01 to 2025-06-30

WESLEY AT MILLINGTON INC, founded in 1993, is a small nonprofit that reported $766K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $857K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE APARTMENT UNITS AND OTHER RELATED SERVICES UNDER THE TERMS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PROGRAMS FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY INDIVIDUALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $341,490
Program Service Revenue $415,722
Investment Income $8,833
Other Revenue $0
TOTAL REVENUE $766,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $130,678
Fundraising Expenses $0
Program Expenses $706,118
Other Expenses $726,431
TOTAL EXPENSES $857,109

Year-over-Year Comparison

2024 2023 Change
Revenue $766,045 $695,726 +0.1%
Expenses $857,109 $857,508 0.0%
Net Income $-91,064 $-161,782 -0.4%
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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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
11

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
6
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER NORRIS VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CAROL AVENS MEMBER 1.00
Director
$0 $0 $0
MEREDITH BINGHAM MEMBER 1.00
Director
$0 $0 $0
PHYLLIS GAY MEMBER 1.00
Director
$0 $0 $0
HOLLY MITCHENER MEMBER 1.00
Director
$0 $0 $0
AMANDA WARD CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARY LOU CUSHING SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JEFF ROACH MEMBER 1.00
Director
$0 $0 $0
BRIAN HARRIS NON-VOTING CEO 1.00
Officer
$0 $0 $0
DONALD OLLIO NON-VOTING CFO 1.00
Officer
$0 $0 $0
RONALD BUDYNAS NON-VOTING COO 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
2025 $766,045 $857,109 $1,593,529 $-91,064
2024 No data No data No data No data
2023 $674,554 $813,899 $1,703,511 $-139,345
2022 $621,806 $761,254 $1,858,745 $-139,448
2021 $499,979 $663,435 $1,946,019 $-163,456
2020 $501,964 $671,582 $2,121,628 $-169,618
2019 $517,537 $659,273 $2,291,087 $-141,736
2018 $488,362 $632,340 $2,436,071 $-143,978
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