WESLEY HOMES (EIN 910583380) - 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

1944

Legal Domicile

Principal Officer

KEVIN ANDERSON

Phone

2068701260

Tax Period

2023-01-01 to 2023-12-31

WESLEY HOMES, founded in 1944, is a mid-sized nonprofit in the Human Services sector that reported $64.7M in total revenue in fiscal year 2023. Expenses of $75.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE RETIREMENT HOUSING AND CARE SERVICES FOR OLDER ADULTS.

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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 $2,387,245

Program Service Revenue $60,456,963

Investment Income $1,241,407

Other Revenue $622,938

TOTAL REVENUE $64,708,553

Expense Breakdown

Grants Paid $6,242,152

Salaries & Benefits $21,222,768

Fundraising Expenses $0

Program Expenses $54,823,016

Other Expenses $47,957,456

TOTAL EXPENSES $75,422,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,708,553	$61,318,257	+0.1%
Expenses	$75,422,376	$66,841,678	+0.1%
Net Income	$-10,713,823	$-5,523,421	+0.9%

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

440

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

$1,156,483

Total Directors

Key Employees

$198,918

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ANDERSON	PRESIDENT/CEO	40.00	Officer	$413,534	$40,833	$454,367
JIM YAMAMOTO	VP OF FINANCE	40.00	Officer	$236,220	$17,834	$254,054
CHRISTINE TREMAIN	VP OF MARKETING	40.00	Officer	$221,158	$20,674	$241,832
KEVIN LANG	VP OF I.T.	50.00	Highest	$172,240	$37,999	$210,239
NEAL MARTINO	VP OF HUMAN RESOURCES	40.00	Officer	$189,332	$16,898	$206,230
MARK HANSEN	LEAH HILL CAMPUS ADMINISTRATOR	40.00	Key Emp	$179,526	$19,392	$198,918
AYSHA KUHLOR DES MOINES	DIRECTOR OF NURSING SERVICES	40.00	Highest	$159,356	$20,178	$179,534
SYED RASHID	CONTROLLER	40.00	Highest	$141,314	$23,278	$164,592
KAREN WILLIAMS	BRADLEY PARK CAMPUS ADMINISTRATOR	40.00	Highest	$129,147	$15,610	$144,757
PRIYANKA SONI	RN - TEAM LEADER	40.00	Highest	$128,785	$13,520	$142,305
LYNN MICHAELIS	CHAIR	1.00	Officer Director	$0	$0	$0
MONTE WINDSOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEANI ROTTLE	SECRETARY (THROUGH MAY 2023)	1.00	Officer Director	$0	$0	$0
ROSS DECKMAN	BOARD MEMBER & SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN MCGILLIARD	TREASURER	1.00	Officer Director	$0	$0	$0
JOE HARMON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE ELLING	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY FLAGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA FLETCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL FREITAG	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY KANEMORI	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS MAGNUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ED ROGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE STORMS	BOARD MEMBER (THROUGH MAY 2023)	1.00	Director	$0	$0	$0
TIM SEARING	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM WIGFALL	BOARD MEMBER	1.00	Director	$0	$0	$0
MONTE WINDSOR	BOARD MEMBER (THROUGH...)	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	No data	No data	No data	No data
2023	$64,708,553	$75,422,376	$359,699,728	$-10,713,823
2022	$61,318,257	$66,841,678	$313,221,053	$-5,523,421
2021	$68,453,311	$65,417,933	$289,596,176	$3,035,378
2020	$57,983,417	$61,027,097	$296,416,050	$-3,043,680
2019	$49,420,111	$54,339,926	$265,542,941	$-4,919,815
2018	$45,942,169	$44,787,078	$211,268,027	$1,155,091

WESLEY HOMES