Wesleylife Foundation
Nonprofit profile at a glance
- EIN
- 882893273
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-N 2022
- Location
- Johnston, IA, USA
- Phone
- 5152716794
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Public Foundations
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,982,101
- Expenses
- $3,981,930
- Assets
- $270,940
- Liabilities
- $270,769
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ROB KRETZINGER (PRESIDENT AND CEO)
Highest reported compensation
- ROB KRETZINGER (PRESIDENT AND CEO): $960,534 total reported compensation
- CRAIG FLANAGAN (CFO): $374,066 total reported compensation
- SOPHIA AHMAD (VP OF PHILANTHROPY): $238,704 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Guided by christian compassion, we provide the needed resources to support the independence, health, and well-being of older adults wherever they call home.
What it reported doing in 2024
Wesleylife foundation is an organization formed to support the charitable mission of the wesleylife charitable entities including wesley retirement services, and wesley community servicesthe wesleylife community organizations are all tax-exempt organizations described in section 501(c)(3) of the internal revenue code of 1986, as amended, and function to enhance the independence, health, and wellbeing of older adults to transform the aging experience so that older adults live better and longer.the foundations activities focus on consolidating the fundraising activities by the wesleylife community organizations, and while not section 509(a)(3) supporting organization, it is organized and operated to exclusively support the section 501(c)(3) wesleylife community organizations.to ensure the foundations mission aligns with the wesleylife community, its sole member is wesleylife, which is an organization described in sections 501(c)(3) and is a type iii functionally integrated supporting organization and is a supporting organization to the wesleylife community organizations. As a type iii functionally integrated supporting organization, the sole member will also support the foundation as another section 509(a)(1) public charity and member of the wesleylife community.
Operating model
- Revenue model
- Donor-supported. 85% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 80
- Accountability: 89
- Sustainability: 21
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99%; rating input score 99
- Program expense ratio: 99%; rating input score 99
- Fundraising efficiency: $164.78 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 44th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 88.9%; rating input score 89; 20th 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: 0%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 8.3%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: -86.8% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: -87.1% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 100.1% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 99% of revenue deployed · 99% of spending went to programs
- Governance: 8 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $3.9M in reported program spending
- Leadership: top reported pay $961K · 11 people listed · 3 of 6 pay-setting controls reported
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.