WESTMINSTER TOWER- II INC (EIN 721454255) - 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

1964

Legal Domicile

Principal Officer

DONNA STOGNER

Phone

6144512151

Tax Period

2024-01-01 to 2024-12-31

WESTMINSTER TOWER- II INC, founded in 1964, is a small nonprofit that reported $882K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $820K left a modest 7% surplus.

Mission

IT IS THE MISSION OF WESTMINSTER TOWERS 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 $492,697

Program Service Revenue $374,753

Investment Income $9,625

Other Revenue $4,524

TOTAL REVENUE $881,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $707,594

Other Expenses $819,978

TOTAL EXPENSES $819,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$881,599	$704,691	+0.3%
Expenses	$819,978	$777,493	+0.1%
Net Income	$61,621	$-72,802	-1.8%

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
DONNA STOGNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA SPAULDING	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH SPAULDING	TREASURER	1.00	Officer Director	$0	$0	$0
KATHLEEN KEARNS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA ROBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN HOM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA EDWARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORETTA CREDO	DIRECTOR	1.00	Director	$0	$0	$0
BETSY MOLAISON	BOARD MEMBER	1.00	Director	$0	$0	$0
NANETTE CAGNEY	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	$881,599	$819,978	$3,253,552	$61,621
2023	$704,691	$777,493	$3,213,919	$-72,802
2022	$690,689	$665,149	$3,262,918	$25,540
2021	$599,363	$714,135	$3,628,298	$-114,772
2020	$605,236	$600,368	$3,376,001	$4,868
2018	$660,089	$573,344	$3,423,814	$86,745

WESTMINSTER TOWER- II INC