WESLEY MANOR RETIREMENT COMMUNITY INC

EIN: 610561689 501(c)(3) Housing & Shelter

LOUISVILLE, KY

Total Revenue
$14,115,440
Total Expenses
$12,657,306
Total Assets
$14,085,286
Net Assets
$4,037,341
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
KY
Principal Officer
RAYMOND DICKISON
Phone
5029693277
Tax Period
2024-07-01 to 2025-06-30

WESLEY MANOR RETIREMENT COMMUNITY INC, founded in 1964, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $12.7M left a modest 10% surplus.

Mission

WESLEY MANOR'S MISSION, AS A FULL CONTINUUM OF CARE RETIREMENT COMMUNITY, IS TO SERVE ITS' RESIDENTS AND FAMILIES WITH A DEDICATED AND PROFESSIONAL STAFF IN A NURTURING CHRISTIAN ENVIRONMENT.

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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 $41,026
Program Service Revenue $13,920,964
Investment Income $118,412
Other Revenue $35,038
TOTAL REVENUE $14,115,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,866,590
Fundraising Expenses $4,331
Program Expenses $11,122,474
Other Expenses $4,790,716
TOTAL EXPENSES $12,657,306

Year-over-Year Comparison

2024 2023 Change
Revenue $14,115,440 $11,696,290 +0.2%
Expenses $12,657,306 $11,683,378 +0.1%
Net Income $1,458,134 $12,912 +111.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
281
Volunteers
50

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
$401,864
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL WARDLAW BOARD MEMBER 2.00
Director
$0 $0 $0
JEFF KIRK BOARD MEMBER 2.00
Director
$0 $0 $0
KEN CURRY SECRETARY 2.00
Officer Director
$0 $0 $0
ERIC HARDEN BOARD MEMBER 2.00
Director
$0 $0 $0
AMANDA CAGLE BOARD MEMBER 2.00
Director
$0 $0 $0
CRAIG REYNOLDS CHAIRPERSON 2.00
Officer Director
$0 $0 $0
MIKE RUSSELL BOARD MEMBER 2.00
Director
$0 $0 $0
JIM BARNETT VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
JON SEIZ BOARD MEMBER 2.00
Director
$0 $0 $0
TOM SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
PAMELA STEPHENS BOARD MEMBER 2.00
Director
$0 $0 $0
SARAH MCINTOSH TREASURER 2.00
Officer Director
$0 $0 $0
MARK STEPHENS VP - FINANCE, CFO 40.00
Officer
$146,438 $10,812 $157,250
RAYMOND DICKISON PRESIDENT 40.00
Officer
$194,671 $49,943 $244,614
NAOMI RIDENER CHARGE NURSE 40.00
Highest
$112,195 $14,330 $126,525
ANGELA TAYLOR NURSE MANAGER 40.00
Highest
$100,926 $8,871 $109,797
KATIE KIPER DIRECTOR OF NURSING 40.00
Highest
$121,757 $21,397 $143,154
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 $14,115,440 $12,657,306 $14,085,286 $1,458,134
2024 $11,696,290 $11,683,378 $12,048,719 $12,912
2023 $12,461,290 $10,671,068 $11,700,401 $1,790,222
2022 $9,135,157 $9,880,516 $9,224,359 $-745,359
2021 $10,278,256 $10,028,434 $10,069,477 $249,822
2020 $9,664,188 $9,688,324 $10,547,836 $-24,136
2019 $9,505,733 $9,512,482 $9,578,019 $-6,749
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