WINCHESTER RETIREMENT PLACE INC

EIN: 611370614 501(c)(3) Housing & Shelter

WINCHESTER, KY

Total Revenue
$2,155,494
Total Expenses
$2,377,364
Total Assets
$2,747,011
Net Assets
$1,527,115
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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
2000
Legal Domicile
KY
Principal Officer
CHRIS DAVIS
Phone
8597454904
Tax Period
2024-01-01 to 2024-12-31

WINCHESTER RETIREMENT PLACE INC, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE AN ASSISTED LIVING COMMUNITY FOR OLDER ADULTS WITH APARTMENTS FOR RENT AND COTTAGES FOR SALE.

Program Service Accomplishments

Program 1
Expenses: $2,218,790 Revenue: $1,554,459

TO PROVIDE AN ASSISTED LIVING COMMUNITY WITH COTTAGES FOR SALE AND APARTMENTS FOR RENT.

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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 $27,897
Program Service Revenue $1,520,788
Investment Income $3,675
Other Revenue $603,134
TOTAL REVENUE $2,155,494

Expense Breakdown

Grants Paid $3,412
Salaries & Benefits $1,169,108
Fundraising Expenses $0
Program Expenses $2,218,790
Other Expenses $1,204,844
TOTAL EXPENSES $2,377,364

Year-over-Year Comparison

2024 2023 Change
Revenue $2,155,494 $1,934,074 +0.1%
Expenses $2,377,364 $2,234,814 +0.1%
Net Income $-221,870 $-300,740 -0.3%
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
15
Independent Members
15
Employees
31
Volunteers
N/A

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
5
$101,250
Total Directors
16
$101,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS DAVIS PRESIDENT 0.00
Officer Director
$0 $0 $0
ZELLA ROSENTHAL VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
LINDA ORMSBY SECRETARY 0.00
Officer Director
$0 $0 $0
ED MESTA TREASURER 0.00
Officer Director
$0 $0 $0
ROBERT L BALDWIN DIRECTOR 0.00
Director
$0 $0 $0
RANDY TODD DIRECTOR 0.00
Director
$0 $0 $0
BRENDA MASTREAN DIRECTOR 0.00
Director
$0 $0 $0
SHANNON COX DIRECTOR 0.00
Director
$0 $0 $0
ROBERT JACKSON DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL N CAUDILL DIRECTOR 0.00
Director
$0 $0 $0
STEPHANIE ROARX SULTAN DIRECTOR 0.00
Director
$0 $0 $0
FRED W PACE DIRECTOR 0.00
Director
$0 $0 $0
LINDRELL BLACKWELL DIRECTOR 0.00
Director
$0 $0 $0
TIM JANES EXECUTIVE DIRECTOR 40.00
Officer Director
$101,250 $0 $101,250
DAVID CARTER DIRECTOR 0.00
Director
$0 $0 $0
STEFAN FINK DIRECTOR 0.00
Director
$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 $2,155,494 $2,377,364 $2,747,011 $-221,870
2023 $1,934,074 $2,234,814 $2,687,778 $-300,740
2022 $2,081,057 $2,352,004 $2,943,506 $-270,947
2021 $1,948,939 $2,144,702 $3,119,321 $-195,763
2020 $1,715,047 $1,928,999 $3,178,794 $-213,952
2019 $2,206,477 $1,977,574 $3,300,211 $228,903
2018 $1,815,387 $1,940,492 $3,753,255 $-125,105
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