WESTHAVEN ORLAND DEVELOPMENT DBA WESTHAVEN RESIDENCE INN (EIN 680481982) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

WADE S ELLIOTT

Phone

5308655299

Tax Period

2023-01-01 to 2023-12-31

WESTHAVEN ORLAND DEVELOPMENT DBA WESTHAVEN RESIDENCE INN, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP AND OPERATE CHRISTIAN RESIDNETIAL CARE FACILITIES FOR ELDERLY MEMBERS OF THE COMMUNITY AND TO PROVIDE ASSISTANCE WITH THE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,129,522

Investment Income $27

Other Revenue $1,244

TOTAL REVENUE $1,130,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $740,005

Fundraising Expenses $0

Program Expenses $1,170,642

Other Expenses $598,807

TOTAL EXPENSES $1,338,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,130,793	$2,931,125	-0.6%
Expenses	$1,338,812	$2,777,201	-0.5%
Net Income	$-208,019	$153,924	-2.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$4,755

Total Directors

$4,755

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM REELEY	CHAIRMAN	6.00	Officer Director	$0	$0	$0
WADE ELLIOTT	VICE CHAIRMAN	40.00	Officer Director	$4,755	$0	$4,755
TIM SAILSBERY	TREASURER	4.00	Officer Director	$0	$0	$0
JASON GRANT	SECRETARY	4.00	Officer Director	$0	$0	$0
AARON ELLIOTT	MEMBER	4.00	Director	$0	$0	$0
DARIN BURKES	MEMBER	4.00	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	No data	No data	No data	No data
2023	$1,130,793	$1,338,812	$4,503,609	$-208,019
2022	$2,931,125	$2,777,201	$3,824,626	$153,924
2021	$2,811,244	$2,468,853	$3,791,834	$342,391
2020	$2,622,423	$2,660,156	$3,643,175	$-37,733
2019	$2,498,185	$2,377,977	$3,662,715	$120,208
2018	$2,189,260	$2,160,397	$3,637,014	$28,863

WESTHAVEN ORLAND DEVELOPMENT DBA WESTHAVEN RESIDENCE INN