WESTMINSTER VILLAGE INC (EIN 860424020) - 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

1982

Legal Domicile

Principal Officer

TOM WINKELMAN

Phone

4804512000

Tax Period

2024-01-01 to 2024-12-31

WESTMINSTER VILLAGE INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $25.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $23.2M left a modest 10% surplus.

Mission

WESTMINSTER VILLAGE, INC. IS A NOT-FOR-PROFIT, 501(C)(3), LIFE CARE RETIREMENT COMMUNITY

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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 $1,430,096

Program Service Revenue $23,765,629

Investment Income $618,886

Other Revenue $47,318

TOTAL REVENUE $25,861,929

Expense Breakdown

Grants Paid $6,688

Salaries & Benefits $11,495,864

Fundraising Expenses $131,352

Program Expenses $19,604,803

Other Expenses $11,653,658

TOTAL EXPENSES $23,156,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,861,929	$23,869,724	+0.1%
Expenses	$23,156,210	$23,081,234	+0.0%
Net Income	$2,705,719	$788,490	+2.4%

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

243

Volunteers

120

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

$978,557

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON KREDEL	PRESIDENT	4.00	Officer Director	$0	$0	$0
PATRICK MURPHY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM MAILLIARD	TREASURER	1.00	Officer Director	$0	$0	$0
ELEANOR FREDERIKSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
JACQUELINE CHADWICK	DIRECTOR	1.00	Director	$0	$0	$0
RON MCELHANEY	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
FAYE BERK	DIRECTOR (THRU OCT 2024)	1.00	Director	$0	$0	$0
THOMAS D WINKELMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$583,335	$98,905	$682,240
GARTH P BEGUIN	CHIEF FINANCIAL OFFICER	40.00	Officer	$248,402	$47,915	$296,317
BRAD EDMUNDS	VP OF HEALTH SERVICES	40.00	Highest	$178,106	$17,240	$195,346
PHILIPPE MICHELIN	CHIEF OPERATING OFFICER	40.00	Highest	$291,835	$50,843	$342,678
DANIEL LEE POTEET	CHIEF INFORMATION OFFICER	40.00	Highest	$218,364	$38,647	$257,011
CATHY MCCULLOUGH	CHIEF MARKETING OFFICER	40.00	Highest	$224,845	$32,373	$257,218
MAEGHAN JINAE BORREGO	VP OF HUMAN RESOURCES	40.00	Highest	$172,965	$23,021	$195,986

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	$25,861,929	$23,156,210	$49,032,713	$2,705,719
2023	$23,869,724	$23,081,234	$45,653,717	$788,490
2022	$20,467,165	$20,332,571	$41,246,627	$134,594
2021	$20,045,460	$20,296,851	$38,216,020	$-251,391
2020	$21,772,012	$21,412,523	$37,047,106	$359,489
2019	$18,472,670	$18,592,040	$36,701,808	$-119,370
2018	$17,553,705	$18,951,586	$30,329,034	$-1,397,881

WESTMINSTER VILLAGE INC