WESLEY AT ADAMSVILLE INC (EIN 582022139) - 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

1996

Legal Domicile

Principal Officer

DONALD D OLLIO JR

Phone

9013804900

Tax Period

2023-07-01 to 2024-06-30

WESLEY AT ADAMSVILLE INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $264K in total revenue in fiscal year 2023. Expenses of $295K 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $164,524

Program Service Revenue $99,309

Investment Income $64

Other Revenue $0

TOTAL REVENUE $263,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,981

Fundraising Expenses $0

Program Expenses $235,114

Other Expenses $229,663

TOTAL EXPENSES $294,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,897	$259,488	+0.0%
Expenses	$294,644	$287,064	+0.0%
Net Income	$-30,747	$-27,576	+0.1%

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
DWIGHT DAVIS	MEMBER	1.00	Director	$0	$0	$0
HOLLY MITCHENER	MEMBER	1.00	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
AMANDA WARD	CHAIRPERSON	1.00	Director	$0	$0	$0
MARY LOU CUSHING	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER NORRIS	VICE CHAIRPERSON	1.00	Officer 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	No data	No data	No data	No data
2024	$263,897	$294,644	$594,178	$-30,747
2023	$259,488	$287,064	$623,577	$-27,576
2022	$247,293	$273,998	$649,821	$-26,705
2021	$245,667	$254,655	$668,959	$-8,988
2020	$226,750	$249,099	$685,961	$-22,349
2019	$217,066	$249,440	$701,096	$-32,374
2018	$216,632	$249,391	$738,091	$-32,759

WESLEY AT ADAMSVILLE INC