MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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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