WESTMINSTER GARDENS II INC (EIN 721183708) - 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

1991

Legal Domicile

Principal Officer

WAYNE KREKO

Phone

6144512151

Tax Period

2024-01-01 to 2024-12-31

WESTMINSTER GARDENS II INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $128K in total revenue in fiscal year 2024. Expenses of $123K left a modest 4% surplus.

Mission

IT IS THE MISSION OF WESTMINSTER GARDENS II, INC. TO PROVIDE ELDERLY PERSONS AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, MENTAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS ALL ON A NON-PROFIT BASIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $85,740

Program Service Revenue $39,996

Investment Income $1,808

Other Revenue $523

TOTAL REVENUE $128,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,474

Other Expenses $123,327

TOTAL EXPENSES $123,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,067	$123,379	+0.0%
Expenses	$123,327	$126,106	0.0%
Net Income	$4,740	$-2,727	-2.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE KREKO	PRESIDENT	1.00	Officer Director	$0	$0	$0
RALPH SHAW	TREASURER - RETIRED	1.00	Officer Director	$0	$0	$0
JAMES KING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NINA ROSS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS LEVY	DIRECTOR	1.00	Director	$0	$0	$0
ANNA ARCENEAUX	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE WILTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY HUTCHISON	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE GLASCOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET BORNKESSEL	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL VANEK	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLY BLAND	BOARD MEMBER	1.00	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	$128,067	$123,327	$287,397	$4,740
2023	$123,379	$126,106	$279,968	$-2,727
2022	$95,916	$114,663	$290,639	$-18,747
2021	$95,004	$92,261	$304,171	$2,743
2020	$87,879	$99,581	$304,731	$-11,702
2019	$88,578	$104,536	$305,156	$-15,958
2018	$76,573	$104,711	$327,527	$-28,138

WESTMINSTER GARDENS II INC