MOUNT DORA, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WATERMAN COMMUNITIES INC, founded in 1987, is a mid-sized nonprofit in the Human Services sector that reported $48.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $54.1M exceeded revenue, resulting in a 12% operating deficit.
AS A COMMUNITY CENTERED ORGANIZATION, WATERMAN COMMUNITIES, INC. MAKES IT POSSIBLE FOR RESIDENTS TO AGE SUCCESSFULLY, LIVING THEIR BEST LIFE WITH MAXIMUM WELLNESS AND INDEPENDENCE THROUGH A BROAD RANGE OF SERVICES DELIVERED WITH CARE, INTEGRITY AND PROFESSIONALISM.
WATERMAN COMMUNITIES, INC. PROVIDES SENIOR LIVING, INDEPENDENT LIVING, ASSISTED LIVING, AND NURSING CARE TO ITS RESIDENTS. THE FILING ORGANIZATION OPERATES 56 INDEPENDENT LIVING MANOR UNITS, 203...
WATERMAN COMMUNITIES, INC. PROVIDES SENIOR LIVING, INDEPENDENT LIVING, ASSISTED LIVING, AND NURSING CARE TO ITS RESIDENTS. THE FILING ORGANIZATION OPERATES 56 INDEPENDENT LIVING MANOR UNITS, 203 INDEPENDENT LIVING VILLAS, 77 ASSISTED LIVING UNITS, AND A 120-BED SKILLED NURSING FACILITY. IN 2023, UNIT ADDITIONS WERE 159 INDEPENDENT LIVING UNITS, WITH COMMON AMENITY SPACES, AND 24 MEMORY CARE UNITS. ACROSS ALL PROGRAMS, THERE WERE 289,995 RESIDENT DAYS IN THE CURRENT YEAR.SEE SCHEDULE O FOR ADDITIONAL INFORMATION.THE EDGEWATER HEALTH CARE AND REHABILITATION CENTER, A SKILLED NURSING FACILITY, HAS THE CAPACITY TO SERVE APPROXIMATELY 120 RESIDENTS IN ITS REHABILITATION THERAPY SUB-ACUTE AND SECURED DEMENTIA UNITS, AND LONG-TERM CARE NURSING FACILITY BEDS. THE INDEPENDENT LIVING UNITS HAVE THE CAPACITY TO SERVE APPROXIMATELY 418 ELDERLY RESIDENTS BY PROVIDING ONE MEAL PER DAY, TRANSPORTATION TO MEDICAL APPOINTMENTS, SHOPPING, ACTIVITIES, MEAL SERVICES, HOUSEKEEPING, MAINTENANCE, BASIC CABLE TELEVISION AND SOME UTILITIES. THE BRIDGEWATER ASSISTED LIVING FACILITY HAS THE CAPACITY TO SERVE APPROXIMATELY 77 ELDERLY RESIDENTS WITH ASSISTANCE IN CERTAIN ACTIVITIES OF DAILY LIVING, INCLUDING A 24-HOUR NURSING STAFF; THREE MEALS DAILY; HOUSEKEEPING AND MAINTENANCE; TRANSPORTATION TO MEDICAL APPOINTMENTS AND SHOPPING ACTIVITIES; BASIC CABLE TELEVISION AND ALL UTILITIES. WATERMAN VILLAGE HOME CARE PROVIDES COMPANION/SITTERS, CNA SERVICES, NURSING SERVICES, AND REHABILITATIVE THERAPY TO INDEPENDENT LIVING AND BRIDGEWATER RESIDENTS AS WELL AS OFF-CAMPUS PERSONS.LAKESIDE AT WATERMAN VILLAGE ("LAKESIDE") CONSISTS OF 40 INDEPENDENT LIVING GARDEN HOME UNITS, 87 INDEPENDENT LIVING LAKESIDE GARDEN APARTMENTS, AND 32 INDEPENDENT LIVING LAKEHOUSE APARTMENTS. IN NOVEMBER 2022, LAKESIDE ALSO OPENED A 24-BED MEMORY SUPPORT ASSISTED LIVING FACILITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $48,174,224 | $42,133,630 | +0.1% |
| Expenses | $54,065,693 | $52,473,810 | +0.0% |
| Net Income | $-5,891,469 | $-10,340,180 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEVIN MCEWEN | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM POPIESKI | VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIM STEWART | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHERINE HOESCHST | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD LEIGH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BOBBY ROWE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDREW DUJON | PRESIDENT/CEO | 40.00 |
Officer
|
$393,012 | $49,161 | $442,173 |
| DAVID NWOGU | VICE PRESIDENT/COO | 40.00 |
Officer
|
$203,806 | $44,264 | $248,070 |
| HEARDLEY MURDOCK | VICE PRESIDENT/CFO | 40.00 |
Officer
|
$194,852 | $35,546 | $230,398 |
| THERESE KIRLEW | HOME CARE ADMINISTRATOR | 40.00 |
Highest
|
$159,897 | $19,504 | $179,401 |
| SANDRA VAN SYCKEL | RISK MANAGER | 40.00 |
Highest
|
$121,991 | $63,060 | $185,051 |
| TITO ARDINES | HR DIRECTOR, RN | 40.00 |
Highest
|
$130,405 | $31,444 | $161,849 |
| JEFFREY BASSETT | MARKETING DIRECTOR | 40.00 |
Highest
|
$126,755 | $29,999 | $156,754 |
| ABE W ZIMMERMAN | MARKETING MANAGER | 40.00 |
Highest
|
$106,893 | $29,213 | $136,106 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $48,174,224 | $54,065,693 | $133,204,295 | $-5,891,469 |
| 2023 | $42,133,630 | $52,473,810 | $142,337,644 | $-10,340,180 |
| 2022 | $32,212,693 | $36,996,543 | $151,358,588 | $-4,783,850 |
| 2021 | $31,351,619 | $32,378,956 | $148,398,473 | $-1,027,337 |
| 2020 | $30,714,595 | $31,556,366 | $47,781,091 | $-841,771 |
| 2019 | $31,203,246 | $32,035,703 | $43,909,298 | $-832,457 |
| 2018 | $32,471,142 | $33,076,677 | $34,849,591 | $-605,535 |
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