WESTMINSTER CANTERBURY DEVELOPMENT CORPORATION (EIN 821783172) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

W RUSSELL GARDNER

Phone

8042646000

Tax Period

2023-10-01 to 2024-09-30

WESTMINSTER CANTERBURY DEVELOPMENT CORPORATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $160K in total revenue in fiscal year 2020. The organization ran a surplus of $150K, a strong 94% operating margin.

Mission

TO SUPPORT THE MISSION AND PURPOSE OF WESTMINSTER-CANTERBURY CORPORATION AND RELATED ENTITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $619,141

Other Revenue $0

TOTAL REVENUE $619,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,908

Fundraising Expenses $0

Program Expenses $201,646

Other Expenses $36,738

TOTAL EXPENSES $201,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$619,141	$129,147	+3.8%
Expenses	$201,646	$171,996	+0.2%
Net Income	$417,495	$-42,849	-10.7%

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

$2,415,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA P PHELON	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES KRESGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER D BRITTON	TRUSTEE	1.00	Director	$0	$0	$0
W RUSSELL GARDNER	TREASURER, VICE PRESIDENT & CFO	0.00	Officer	$0	$38,759	$484,812
WILLIAM H BLACKWELL	VICE PRESIDENT HEALTH SERVICES	0.00	Officer	$0	$32,761	$321,144
GAYLE HAGLUND	VICE PRESIDENT RESOURCE DEVELOPMENT	0.00	Officer	$0	$8,454	$126,711
ROBERT MANN	VICE PRESIDENT INFORMATION TECHNOLOGY	0.00	Officer	$0	$15,462	$204,475
JOHN D BURNS	CEO	0.00	Officer	$0	$49,961	$659,664
STACEY W NANNERY	VICE PRESIDENT SALES AND MARKETING	0.00	Officer	$0	$23,083	$193,568
CHELSEA O NAYLOR	VICE PRESIDENT WORKFORCE SERVICES	0.00	Officer	$0	$24,992	$215,155
JASON T COLLINS	VICE PRESIDENT FACILITIES MANAGEMENT	0.00	Officer	$0	$17,420	$191,385
JOHN LOOP	VP HEALTH & WELLNESS (AS OF 11/2023)	0.00	Officer	$0	$0	$18,847
SHARON M POZNANCZYK	DIRECTOR OF NURSING	0.00	Highest	$0	$24,463	$225,310
KEVIN DAIGNAULT	ADMINISTRATOR HOME HEALTH	0.00	Highest	$0	$10,880	$192,428
MARTIN KANE	DIRECTOR OF FINANCE	0.00	Highest	$0	$18,048	$181,153
DEBRA JACOBSEN	ADMINISTRATOR RESIDENTIAL LIVING	0.00	Highest	$0	$32,284	$190,363
DEREK OLIVER	DIRECTOR FACILITIES ENGINEERING	0.00	Highest	$0	$20,329	$165,231

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	$619,141	$201,646	$13,288,763	$417,495
2023	$129,147	$171,996	$10,629,839	$-42,849
2022	$159,346	$9,694	$9,300,507	$149,652
2021	$159,841	$10,244	$11,444,318	$149,597

WESTMINSTER CANTERBURY DEVELOPMENT CORPORATION