WESTMINSTER MANOR (EIN 741501375) - 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

1967

Legal Domicile

Principal Officer

CHARLES BORST

Phone

5124544711

Tax Period

2023-01-01 to 2023-12-31

WESTMINSTER MANOR, founded in 1967, is a mid-sized nonprofit in the Health Care sector that reported $41.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $49.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE GOAL OF WESTMINSTER MANOR IS TO RELIEVE THE RETIRED PERSON OF THE RESPONSIBILITY OF HOME MANAGEMENT AND TO PROVIDE ECONOMICAL SUPPORT AND NURSING CARE IN THE COMPANY'S HEALTH FACILITY FOR THE RESIDENTS.

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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 $27,629

Program Service Revenue $37,902,470

Investment Income $2,700,899

Other Revenue $676,223

TOTAL REVENUE $41,307,221

Expense Breakdown

Grants Paid $343,962

Salaries & Benefits $22,825,864

Fundraising Expenses $0

Program Expenses $45,927,627

Other Expenses $26,766,505

TOTAL EXPENSES $49,936,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,307,221	$36,222,711	+0.1%
Expenses	$49,936,331	$35,312,388	+0.4%
Net Income	$-8,629,110	$910,323	-10.5%

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

543

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

$296,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HILGERS	MEMBER	0.50	Director	$0	$0	$0
DAVID REDDING	CHAIRMAN	0.50	Officer Director	$0	$0	$0
DIANE WILLIAMS	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
JAMES WOODWORTH	MEMBER	0.50	Director	$0	$0	$0
STEVE SCURLOCK	SECRETARY	0.50	Officer Director	$0	$0	$0
CAMILLE MILLER	MEMBER	0.50	Director	$0	$0	$0
JIM WOODRICK	MEMBER	0.50	Director	$0	$0	$0
ALEXANDRA ALBRIGHT	MEMBER	0.50	Director	$0	$0	$0
DIANA DINITTO	MEMBER	0.50	Director	$0	$0	$0
NICK MOORE	MEMBER	0.50	Director	$0	$0	$0
RICHARD LUEVANO	MEMBER	0.50	Director	$0	$0	$0
MICHAEL CHAUNCEY DAY	MEMBER	0.50	Director	$0	$0	$0
BOB RUTISHAUSER	MEMBER	0.50	Director	$0	$0	$0
CASSIE HALEY	COMMUNITY ADMINISTRATOR	40.00	Officer	$0	$0	$0
CHARLES BORST	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
SARAH LLOYD	ASSOCIATE EXECUTIVE DIRECTOR	40.00	Officer	$286,408	$10,419	$296,827
JORDAN BLEECKER	DIRECTOR OF MARKETING AND SALES	40.00	Highest	$247,486	$29,768	$277,254
KIMBERLY OGDEN	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$166,110	$29,115	$195,225
TIMOTHY BILBO	DIRECTOR OF NURSING	40.00	Highest	$135,676	$9,862	$145,538
BRIAN GROSSMAN	FOOD & BEVERAGE DIRECTOR	40.00	Highest	$133,388	$26,651	$160,039
KATHARINE CODY	NURSE PRACTIONER	40.00	Highest	$122,419	$5,389	$127,808

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	$41,307,221	$49,936,331	$310,226,426	$-8,629,110
2022	$36,222,711	$35,312,388	$297,891,292	$910,323
2021	$35,378,162	$31,079,971	$287,234,202	$4,298,191
2020	$32,005,622	$31,020,393	$211,683,555	$985,229
2019	$36,574,468	$30,389,340	$179,109,941	$6,185,128
2018	$31,204,396	$28,327,110	$159,459,415	$2,877,286

WESTMINSTER MANOR