WILLAMETTE VIEW FOUNDATION

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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

DIANE WERNLI

Phone

9712338956

Tax Period

2024-01-01 to 2024-12-31

WILLAMETTE VIEW FOUNDATION, founded in 1967, is a small nonprofit that reported $171K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $865K exceeded revenue, resulting in a 406% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO HELP QUALIFIED RESIDENTS OF WILLAMETTE VIEW RETIREMENT COMMUNITY MAINTAIN THEIR DIGNITY AND INDEPENDENCE THROUGH ASSISTANCE IN SATISFYING THEIR NEED FOR HOUSING AND FINANCIAL SECURITY. AID IS PROVIDED THROUGH RESIDENT ASSISTANCE AND FINANCIAL MANAGEMENT PROGRAMS, EDUCATIONAL SEMINARS, FINANCIAL INFORMATION SERVICES, PUBLICATIONS, AND GRANTS TO WILLAMETTE VIEW, INC. THAT BENEFIT THE COMMUNITY'S RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $623,331

RESIDENT ASSISTANCE - THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS OF WILLAMETTE VIEW, WHO OUTLIVE THEIR AVAILABLE FINANCIAL RESOURCES OR WHO OTHERWISE NO LONGER HAVE THE RESOURCES TO...

RESIDENT ASSISTANCE - THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS OF WILLAMETTE VIEW, WHO OUTLIVE THEIR AVAILABLE FINANCIAL RESOURCES OR WHO OTHERWISE NO LONGER HAVE THE RESOURCES TO FULLY MEET THEIR EXPENSES DUE TO ILLNESS OR OTHER UNEXPECTED EVENTS. IN ADDITION, THE FOUNDATION PROVIDES FINANCIAL MANAGEMENT SERVICES TO CERTAIN RESIDENTS OF WILLAMETTE VIEW TO ASSIST THEM WITH MANY ASPECTS OF DAILY, MONTHLY, AND YEARLY TASKS RELATED TO FINANCES.

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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 $65,802

Program Service Revenue $0

Investment Income $105,008

Other Revenue $0

TOTAL REVENUE $170,810

Expense Breakdown

Grants Paid $279,959

Salaries & Benefits $319,032

Fundraising Expenses $12,611

Program Expenses $623,331

Other Expenses $266,089

TOTAL EXPENSES $865,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,810	$662,881	-0.7%
Expenses	$865,080	$1,116,673	-0.2%
Net Income	$-694,270	$-453,792	+0.5%

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

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

$199,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GALLAGHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG DUFAULT	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
RON GUSTAFSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CAROL CAMERON	DIRECTOR	1.00	Director	$0	$0	$0
ELISE MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE WERNLI	EXECUTIVE DIRECTOR	40.00	Officer	$187,000	$12,043	$199,043

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	$170,810	$865,080	$25,014,819	$-694,270
2023	$662,881	$1,116,673	$22,948,306	$-453,792
2022	$24,797	$618,160	$20,427,499	$-593,363
2021	$100,973	$650,260	$25,253,332	$-549,287
2020	$131,508	$596,858	$23,491,508	$-465,350