WESLEY HOMES PIERCE COUNTY

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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

2018

Legal Domicile

Principal Officer

KEVIN ANDERSON

Phone

2068701260

Tax Period

2024-01-01 to 2024-12-31

WESLEY HOMES PIERCE COUNTY, founded in 2018, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.1M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $15.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PLAN, DEVELOP AND OPERATE A SENIOR HOUSING CAMPUS IN PIERCE COUNTY, WASHINGTON, THAT WILL PROVIDE RENTAL HOUSING AND RELATED SERVICES TO SENIORS.

Program Service Accomplishments

Program 1

Expenses: $13,738,364 Revenue: $11,388,249

WESLEY HOMES TEHALEH AT PIERCE COUNTY SERVES AN AVERAGE OF 246 SENIORS AT ANY ONE TIME IN INDEPENDENT APARTMENTS, BROWNSTONE CATERED LIVING AND ASSISTED LIVING. THIS CAMPUS EMPLOYS APPROXIMATELY 63 EMPLOYEES. WITH FULLY REFUNDABLE ENTRANCE DEPOSITS AND MODERATE MONTHLY FEES. THIS CAMPUS IS AFFORDABLE TO INDIVIDUALS OF MODEST MEANS WHILE PROVIDING HIGH QUALITY PROGRAMS AND AMENITIES TO PROMOTE ACTIVE AND HEALTHY AGING.

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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 $2,200,000

Program Service Revenue $11,573,785

Investment Income $336,561

Other Revenue $796

TOTAL REVENUE $14,111,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,121,527

Fundraising Expenses $0

Program Expenses $13,738,364

Other Expenses $13,702,285

TOTAL EXPENSES $15,823,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,111,142	$9,866,766	+0.4%
Expenses	$15,823,812	$14,509,927	+0.1%
Net Income	$-1,712,670	$-4,643,161	-0.6%

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

$124,662

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ANDERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ED ROGEL	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL LINDH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK MEYER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER DUMO CAMPUS	ADMINISTRATOR (THROUGH JANUARY 2024)	50.00	Officer	$10,501	$475	$10,976
HEIDI DAVIS CAMPUS	ADMINISTRATOR (AS OF MARCH 2024)	50.00	Officer	$108,185	$5,501	$113,686
JIM YAMAMOTO	VP OF FINANCE	1.00	Officer	$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	$14,111,142	$15,823,812	$96,029,754	$-1,712,670
2023	$9,866,766	$14,509,927	$96,433,405	$-4,643,161
2022	$10,419,177	$13,293,755	$100,064,382	$-2,874,578
2021	$1,685,200	$8,213,004	$105,823,745	$-6,527,804
2020	$50,659	$476,602	$93,602,125	$-425,943
2019	$10,438,280	$129,295	$27,033,489	$10,308,985