WESLEY AT MILAN INC

EIN: 621642971 501(c)(3) Human Services

MEMPHIS, TN

Total Revenue
$702,858
Total Expenses
$1,371,621
Total Assets
$1,139,289
Net Assets
$-2,099,675
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TN
Principal Officer
BRIAN HARRIS
Phone
9013804900
Tax Period
2024-01-01 to 2024-12-31

WESLEY AT MILAN INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $703K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 95% operating deficit.

Mission

WESLEY AT MILAN, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON MAY 20, 1996, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TENNESSEE. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 36-BED HOME FOR THE AGED LOCATED IN MILAN, TENNESSEE KNOWN AS FOUNTAIN PLACE. THE CORPORATION IS LICENSED BY THE TENNESSEE DEPARTMENT OF HEALTH AND PROVIDES HOUSING, MEALS, SUPPORTIVE SERVICES, AND ASSISTANCE WITH ACTIVITIES OF DAILY LIVING.

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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 $0
Program Service Revenue $702,532
Investment Income $206
Other Revenue $120
TOTAL REVENUE $702,858

Expense Breakdown

Grants Paid $0
Salaries & Benefits $552,830
Fundraising Expenses $0
Program Expenses $1,258,894
Other Expenses $818,791
TOTAL EXPENSES $1,371,621

Year-over-Year Comparison

2024 2023 Change
Revenue $702,858 $767,541 -0.1%
Expenses $1,371,621 $1,304,658 +0.1%
Net Income $-668,763 $-537,117 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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 $702,858 $1,371,621 $1,139,289 $-668,763
2023 $767,541 $1,304,658 $1,240,968 $-537,117
2022 $790,874 $1,300,772 $1,323,502 $-509,898
2021 $511,252 $874,391 $1,393,106 $-363,139
2020 $828,544 $939,759 $1,630,931 $-111,215
2019 $728,607 $898,989 $1,082,657 $-170,382
2018 $1,017,998 $1,010,180 $1,208,164 $7,818
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