WesleyLife

What it reported doing in 2024

Our community benefits from 2024 include: -across the organization, nearly 400 residents who depleted their financial resources through no fault of their own received a total of $4,354,793 in charitable assistance through good samaritan or good shepherd funds to allow them to remain in their apartments or townhomes.wesleyllife wide tota charity care was $6,549,809.-in 2024, in increasing our reach to underserved community members, medicaid days increased by 10% over last year to 72,776 days. -community members participated in various support groups offered at our communities, including groups for those living with alzheimer's disease and other dementias as well as cancer and parkinson's disease, and several of our communities also offer rock steady boxing, a nationally recognized curriculum that can slow the progression of parkinson's. Groups are also open to residents' caregivers and loved ones.-we offered lunch-and-learns and other educational programming designed to promote health and well-being among our residents, clients, and team members.-more than 494 volunteers provided more than 19,300 volunteer hours to residents, clients, and team members. As we are integrated members of the greater communities in which we are located, our impact does not stop at our doors. We collected and donated clothing, coats, books, household and cleaning supplies, pet food, and more to area charities.

Financial Efficiency

• Mission deployment rate: 88.3%; rating input score 88
• Program expense ratio: 91.5%; rating input score 91
• Fundraising efficiency: $2.25 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

• Consistency checks: 86.7%; rating input score 87; 1st percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 1.8%; rating input score 42; 42nd percentile among comparable filings
• Total-asset coverage ratio: 3.03; rating input score 76; 76th percentile among comparable filings
• Liabilities to assets ratio: 0.9; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 2.1%; rating input score 53; 53rd percentile among comparable filings

Growth

• Program expense growth: 4.1% per year; rating input score 100; 32nd percentile among comparable filings
• Revenue growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
• Asset growth: 3.3% per year; rating input score 100; 23rd percentile among comparable filings