Wexco Senior Services Inc
- Assets
- $15.7m
- Revenue
- $4.6m
- Investments
- $263.2k
- Employees
- 411
- Location
- Columbus, OH
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 31-1804673
Organization Overview
Wexco Senior Services Inc is located in Columbus, OH. The organization was established in 2003. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Wexco Senior Services Inc employed 411 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wexco Senior Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Wexco Senior Services Inc generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOSPICE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOSPICE SERVICES.
PROVIDE MANAGEMENT SERVICES TO WEXNER HERITAGE VILLAGE AND ITS SUBSIDIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Schuss Secretary | OfficerTrustee | 0.25 | $0 |
Ira Kane Chairman | Trustee | 0.25 | $0 |
Mark Yale Finance Chair/past Board Chair | Trustee | 0.25 | $0 |
Dave Anderson Director | Trustee | 0.25 | $0 |
Josh Bokor Director | Trustee | 0.25 | $0 |
Arnold Good MD Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,647 |
| Total Program Service Revenue | $4,519,955 |
| Investment income | $39,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,577,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $806,613 |
| Compensation of current officers, directors, key employees. | $806,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,274,555 |
| Pension plan accruals and contributions | $10,869 |
| Other employee benefits | $365,484 |
| Payroll taxes | $214,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,002 |
| Fees for services: Accounting | $23,069 |
| Fees for services: Lobbying | $30,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,669,707 |
| Advertising and promotion | $59,544 |
| Office expenses | $6,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,600 |
| Travel | $45,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,171 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,595 |
| Insurance | $52,196 |
| All other expenses | $25,115 |
| Total functional expenses | $6,464,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,851,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,486 |
| Net Land, buildings, and equipment | $142,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $263,216 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,379,648 |
| Total assets | $15,690,037 |
| Accounts payable and accrued expenses | $1,361,696 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,212,400 |
| Other liabilities | $16,636,764 |
| Total liabilities | $22,210,860 |
| Net assets without donor restrictions | -$6,735,251 |
| Net assets with donor restrictions | $214,428 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,690,037 |