WESLEY-ASBURY INC (EIN 582064631) - 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

1993

Legal Domicile

Principal Officer

BRIAN HARRIS

Phone

9013804900

Tax Period

2023-01-01 to 2023-12-31

WESLEY-ASBURY INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $758K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 50% operating deficit.

Mission

PROVIDE HOUSING AND SERVICES AS A LICENSED RESIDENTIAL HOME FOR THE AGED.

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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 $0

Program Service Revenue $757,380

Investment Income $438

Other Revenue $445

TOTAL REVENUE $758,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,907

Fundraising Expenses $0

Program Expenses $999,292

Other Expenses $658,528

TOTAL EXPENSES $1,134,435

Year-over-Year Comparison

	2023	2022	Change
Revenue	$758,263	$657,973	+0.2%
Expenses	$1,134,435	$1,028,518	+0.1%
Net Income	$-376,172	$-370,545	+0.0%

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
SCOTT BLOUNT	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
J KEATON MORRIS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DALE SHARP	SECRETARY/TREASURER	1.00	Officer Director	$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	$758,263	$1,134,435	$409,465	$-376,172
2022	$657,973	$1,028,518	$453,435	$-370,545
2021	$693,916	$884,557	$551,388	$-190,641
2020	$757,862	$844,569	$571,010	$-86,707
2019	$862,253	$855,408	$672,594	$6,845
2018	$890,891	$854,981	$733,980	$35,910

WESLEY-ASBURY INC