Civic Intelligence

Westminster Village Inc

EIN 86-0424020 • 501(c)3 • Scottsdale, AZ

Profile

Westminster village, inc. Is a not-for-profit, 501(c)(3), life care retirement community in scottsdale, arizona. The village is dedicated to enhance the dignity, independence, well being, and security of our residents through a balanced spectrum of residential (cont. On sch. O) and health care programs and services. Resources are directed to provide a caring and innovative environment to effectively benefit the residents socially, emotionally, physically and spiritually. The village is equally committed to providing a welcoming, open and cooperative workplace for our staff. The board of directors and management are committed to sound fiscal management.

12000 N 90th StreetScottsdale, AZ 85260

www.wmvaz.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.19x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

2.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$682,240

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

58th percentile

7.4%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

8.3%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$49,032,713

Up $3,378,996 (+7.4%) from 2023

Liabilities

Up

$58,242,496

Up $499,223 (+0.9%) from 2023

Net Assets

Up

-$9,209,783

Up $2,879,773 (+24%) from 2023

Revenue

Up

$25,861,929

Up $1,992,205 (+8.3%) from 2023

Expenses

Up

$23,156,210

Up $74,976 (+0.3%) from 2023

Net Income

Up

$2,705,719

Up $1,917,229 (+243%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0-$20MAssets 2010: $34,692,219Liabilities 2010: $49,994,706Net Assets 2010: -$15,302,4872010Assets 2011: $32,782,233Liabilities 2011: $47,672,499Net Assets 2011: -$14,890,2662011Assets 2012: $32,413,073Liabilities 2012: $46,255,815Net Assets 2012: -$13,842,7422012Assets 2013: $32,120,921Liabilities 2013: $45,551,563Net Assets 2013: -$13,430,6422013Assets 2014: $30,807,041Liabilities 2014: $43,236,906Net Assets 2014: -$12,429,8652014Assets 2015: $30,409,025Liabilities 2015: $42,659,462Net Assets 2015: -$12,250,4372015Assets 2016: $30,220,551Liabilities 2016: $41,783,710Net Assets 2016: -$11,563,1592016Assets 2017: $30,671,032Liabilities 2017: $42,026,088Net Assets 2017: -$11,355,0562017Assets 2018: $30,329,034Liabilities 2018: $43,162,839Net Assets 2018: -$12,833,8052018Assets 2019: $36,701,808Liabilities 2019: $49,364,495Net Assets 2019: -$12,662,6872019Assets 2020: $37,047,106Liabilities 2020: $49,380,872Net Assets 2020: -$12,333,7662020Assets 2021: $38,216,020Liabilities 2021: $51,017,670Net Assets 2021: -$12,801,6502021Assets 2022: $41,246,627Liabilities 2022: $54,587,209Net Assets 2022: -$13,340,5822022Assets 2023: $45,653,717Liabilities 2023: $57,743,273Net Assets 2023: -$12,089,5562023Assets 2024: $49,032,713Liabilities 2024: $58,242,496Net Assets 2024: -$9,209,7832024

Highlighted filing

2024

Assets$49,032,713
Liabilities$58,242,496
Net Assets-$9,209,783

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $16,950,0022010Expenses 2011: $17,747,8842011Expenses 2012: $16,543,5722012Revenue 2013: $17,544,656Expenses 2013: $17,132,556Net Income 2013: $412,1002013Revenue 2014: $18,488,290Expenses 2014: $17,487,513Net Income 2014: $1,000,7772014Revenue 2015: $18,134,489Expenses 2015: $17,925,634Net Income 2015: $208,8552015Revenue 2016: $19,149,065Expenses 2016: $18,424,953Net Income 2016: $724,1122016Revenue 2017: $19,784,691Expenses 2017: $19,539,248Net Income 2017: $245,4432017Revenue 2018: $17,553,705Expenses 2018: $18,951,586Net Income 2018: -$1,397,8812018Revenue 2019: $18,472,670Expenses 2019: $18,592,040Net Income 2019: -$119,3702019Revenue 2020: $21,772,012Expenses 2020: $21,412,523Net Income 2020: $359,4892020Revenue 2021: $20,045,460Expenses 2021: $20,296,851Net Income 2021: -$251,3912021Revenue 2022: $20,467,165Expenses 2022: $20,332,571Net Income 2022: $134,5942022Revenue 2023: $23,869,724Expenses 2023: $23,081,234Net Income 2023: $788,4902023Revenue 2024: $25,861,929Expenses 2024: $23,156,210Net Income 2024: $2,705,7192024

Highlighted filing

2024

Revenue$25,861,929
Expenses$23,156,210
Net Income$2,705,719

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.0$58.2$9.21$25.9$23.2$2.71
2023Summary only. Only limited summary data is available for this year.$45.7$57.7$12.1$23.9$23.1$0.79
2022Summary only. Only limited summary data is available for this year.$41.2$54.6$13.3$20.5$20.3$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.2$51.0$12.8$20.0$20.3$0.25
2020Summary only. Only limited summary data is available for this year.$37.0$49.4$12.3$21.8$21.4$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.7$49.4$12.7$18.5$18.6$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.3$43.2$12.8$17.6$19.0$1.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$42.0$11.4$19.8$19.5$0.25
2016Summary only. Only limited summary data is available for this year.$30.2$41.8$11.6$19.1$18.4$0.72
2015Summary only. Only limited summary data is available for this year.$30.4$42.7$12.3$18.1$17.9$0.21
2014Summary only. Only limited summary data is available for this year.$30.8$43.2$12.4$18.5$17.5$1.00
2013Detailed filing. Detailed filing data is available for this year.$32.1$45.6$13.4$17.5$17.1$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$46.3$13.8$16.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$47.7$14.9$17.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.7$50.0$15.3$17.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 12, 2025
Return Version
2024v5.1
Gross Receipts
$42,144,347
Mission and Program Overview

Mission

Westminster village, inc. Is a not-for-profit, 501(c)(3), life care retirement community in scottsdale, arizona. The village is dedicated to enhance the dignity, independence, well being, and security of our residents through a balanced spectrum of residential (cont. On sch. O) westminster village, inc. Is a not-for-profit, 501(c)(3), life care retirement community in scottsdale, arizona. The village is dedicated to enhance the dignity, independence, well being, and security of our residents through a balanced spectrum of residential and health care programs and services. Resources are directed to provide a caring and innovative environment to effectively benefit the residents socially, emotionally, physically and spiritually. The village is equally committed to providing a welcoming, open and cooperative workplace for our staff. The board of directors and management are committed to sound fiscal management.

Westminster village, inc. Is a not-for-profit, 501(c)(3), life care retirement community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,075,079$25,303,437▲ $2,228,358
Savings and Temporary Cash Investments$11,232,511$11,050,784▼ $181,727
Investments Other Securities$5,760,414$7,446,960▲ $1,686,546
Cash and Non-Interest-Bearing Accounts$3,234,773$2,273,177▼ $961,596
Accounts Receivable$1,160,790$957,347▼ $203,443
Prepaid Expenses and Deferred Charges$171,698$306,002▲ $134,304
Inventories for Sale or Use$171,651$243,543▲ $71,892
Other Notes and Loans Receivable, Net$149,024$0▼ $149,024
Total Assets$45,653,717$49,032,713▲ $3,378,996
Other Assets Total$697,777$1,451,463▲ $753,686
Liabilities
Deferred Revenue$34,267,043$35,125,666▲ $858,623
Tax Exempt Bond Liabilities$20,113,996$19,457,865▼ $656,131
Accounts Payable and Accrued Expenses$1,503,337$2,195,084▲ $691,747
Other Liabilities$1,858,897$1,463,881▼ $395,016
Total Liabilities$57,743,273$58,242,496▲ $499,223
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,410,461$1,230,795▼ $179,666
Net Assets Without Donor Restrictions$-13,500,017$-10,440,578▲ $3,059,439
Total Net Assets Fund Balance$-12,089,556$-9,209,783▲ $2,879,773
Total Liabilities and Net Assets / Fund Balance$45,653,717$49,032,713▲ $3,378,996

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,203,437$10,557,989$24,761,426
Equipment$6,734,365$8,226,235$14,960,600
Land$3,777,984-$3,777,984
Other Land Buildings$587,651-$587,651
Other Securities$7,446,960--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,639,365$466,996▲ $108,418-$2,198,790
2023$1,138,929$323,183▲ $188,198-$1,639,365
2022$1,231,590$36,604▼ $110,220$6,728$1,138,929
2021-$1,250,000--$1,231,590
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas D WinkelmanChief Executive OfficerFT$548,038$134,202$682,240
Philippe MichelinChief Operating OfficerFT$282,861$59,817$342,678
Garth P BeguinChief Financial OfficerFT$237,826$58,491$296,317
Cathy McculloughChief Marketing OfficerFT$216,030$41,188$257,218
Daniel Lee PoteetChief Information OfficerFT$209,020$47,991$257,011
Maeghan Jinae BorregoVP of Human ResourcesFT$166,064$29,922$195,986
Brad EdmundsVP of Health ServicesFT$178,106$17,240$195,346

Board Members and Trustees

NameTitle
Don KredelPresident
Patrick MurphyVice President
Bruce JohnsonDirector
Jacqueline ChadwickDirector
Ron McelhaneyDirector
Faye BerkDirector (thru Oct 2024)
Eleanor FrederiksenSecretary
Jim MailliardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Morrison Management SpecialistsFood Service400 NORTHRIDGE ROAD SUITE 600, Sandy Springs, GA 30350$1,996,758
Amber Creek Memory CareCare Facility11250 N 92ND STREET, Scottsdale, AZ 85260$193,753
Az MetroscapesLandscaping Service7706 E ACOMA DR 3, Scottsdale, AZ 85260$191,308
Icoreconnect INCTechnology Service7039 NORTHWINDS DR NW STE A, Concord, NC 28027$179,729
Fervor CreativeAdvertising7038 E OSBORN ROAD, Scottsdale, AZ 85251$141,167
Revenue and Support

Revenue Composition

Contributions and Grants
$1,430,096
Program Service Revenue
$23,765,629
Investment Income
$618,886
Other Revenue
$47,318
All Other Contributions
$1,315,546
Change in Net Assets
$2,705,719

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,956,401
Revenue Not Reported on Financial Statements
$905,528
Revenue Not Reported on Form 990
$1,124,377
Other Revenue Adjustments
$905,528
Total Revenue per Audited Statements
$26,080,778
Total Revenue per Form 990
$25,861,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,653,658
Salaries, Compensation, and Employee Benefits$11,495,864
Total Fundraising Expense$131,352
Grants and Similar Amounts Paid$6,688
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,745,966$1,232,031$49,247$9,027,244
Depreciation Depletion$3,496,266$33,852-$3,530,118
Fees for Services Other$1,496,898$262,666$5,201$1,764,765
Occupancy$1,144,386$11,085-$1,155,471
Current Officers, Directors, Trustees, and Key Employees$760,893$120,656$4,679$886,228
Other Employee Benefits$725,271$109,714$2,579$837,564
Interest-$819,425-$819,425
Payroll Taxes$627,559$94,933$1,880$724,372
Insurance$402,627$83,780$4,345$490,752
All Other Expenses$65,684$179,454$30,187$275,325
Information Technology$141,955$31,070-$173,025
Other Expenses$128,705$20,481$33,181$149,186
Advertising$97,092--$97,092
Fees for Services Legal-$67,352-$67,352
Conferences and Meetings$34,747$14,227-$48,974
Travel$14,985$6,136-$21,121
Pension Plan Contributions$17,722$2,681$53$20,456
Grants to Domestic Individuals$6,688--$6,688
Total Functional Expenses$19,604,803$3,420,055$131,352$23,156,210

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$23,237,376
Expenses per Audited Statements$23,156,210
Total Expenses per Form 990$23,156,210
Expenses Not Reported on Form 990$81,166
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$116,410
Fundraising Direct Expenses$74,307
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2024 Gala$230,960$116,410$60,122$56,288
Total Events$230,960$116,410$74,307$42,103
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$491,529
Accrued Loss on Contracts$320,284
Annuities Payable$252,669
Refundable Entrance Fees$207,309
Application Fee Deposits$192,090

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Industrial Development Authority of the County of Maricopa2017-12-15$24,000,000Remodeling, renovation & improvement of facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$24,000,000$23,540,911-$459,089

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The return is prepared by an outside accounting firm, reviewed by management, and is distributed to the board of directors for final review before being filed with the irs.

Form 990, Part VI, Section B, Line 12C

Organization regularly and consistently monitors and enforces compliance with the conflict of interest policy through employee reporting requirements. All employees and board members are trained and reminded to report any violation of company policy and all other inappropriate behavior in the workplace. Westminster village has a specific section in new employee orientation that addresses the reporting policy and procedure to include what should be reported, the many channels that exist to report (even anonymously), confidentiality of report, westminster village's zero tolerance policy on retaliation. Reports received are handled confidentially, by human resources and resolved expeditiously by applying company policy.

Form 990, Part VI, Section B, Line 15A

Compensation of the ceo is reviewed by executive compensation task force, which reports to the governance committee for review and approval and then on to the board for ultimate approval. The executive compensation task force asks the human resources department to compile a list of comparative facilities including the salaries of the top officials. Westminster village is included in this report given to the board for their analysis. They ensure that the ceo salary is within the range of salaries for other like-facilities in the valley. In addition to this, an internal annual study is compiled using various local resources to provide benefit and compensation information for all positions within the life care and hospital industry for the state of arizona. Annually, wages are reviewed to ensure that the organization as a whole is within the salary ranges for our industry.

Form 990, Part VI, Section C, Line 19

These documents are not available to the public.

Filing and Contact Details

Filer

Filer Name
Westminster Village Inc
EIN
86-0424020
Phone
4804512000
Address
12000 N 90TH STREET, SCOTTSDALE, AZ 85260

Signing Officer

Name
Garth Beguin
Title
CFO
Phone
4804512000
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Winkelman
Formed
1982
Legal Domicile
Az
Voting Board Members
7
Independent Board Members
7
Employees
243
Volunteers
120

Preparer

Firm
Cbiz Advisors LLC
Address
4722 N 24TH ST STE 300, PHOENIX, AZ 85016
Preparer
Kristen M Bass
Phone
6022646835
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in split interest -41,983.

Financial Statement Notes

PART V, LINE 4:

The endowment fund was established to provide long-term funding to support the mission of westminster village, inc.

PART X, LINE 2:

The organization is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code (the "code") and is exempt from federal and state income taxes. In addition, the organization qualifies for the charitable contribution deduction under section 170 of the code and has been classified as an organization that is not a private foundation. Income determined to be unrelated business taxable income would be taxable. The organization evaluates its uncertain tax positions, if any, on a continual basis through review of its policies and procedures, review of its regular tax filings, and discussions with outside experts. At december 31, 2024 and 2023, the organization did not have any uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in split interest agreement -41,983. Net assets released from restrictions 1,159,501.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Contributions not included in operating revenue 979,835. Direct fundraising event expense -74,307.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising event expense 74,307.

Raw XML AppendixShowing 400 of 852 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0WESTMINSTER VILLAGE, INC. IS A LIFECARE RETIREMENT FACILITY CONSISTING OF 250 APARTMENTS FOR INDEPENDENT LIVING AS WELL AS ASSISTANCE WITH ACTIVITIES IN DAILY LIVING FOR SENIOR CITIZENS. 23-ASSISTED LIVING UNITS AND A 38-BED DIRECTED CARE ASSISTED LIVING CENTER IS INCLUDED IN THE FACILITY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (THRU OCT 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF HEALTH SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF MARKETING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF HUMAN RESOURCES
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IRS990/MissionDesc0WESTMINSTER VILLAGE, INC. IS A NOT-FOR-PROFIT, 501(C)(3), LIFE CARE RETIREMENT COMMUNITY IN SCOTTSDALE, ARIZONA. THE VILLAGE IS DEDICATED TO ENHANCE THE DIGNITY, INDEPENDENCE, WELL BEING, AND SECURITY OF OUR RESIDENTS THROUGH A BALANCED SPECTRUM OF RESIDENTIAL (CONT. ON SCH. O) WESTMINSTER VILLAGE, INC. IS A NOT-FOR-PROFIT, 501(C)(3), LIFE CARE RETIREMENT COMMUNITY IN SCOTTSDALE, ARIZONA. THE VILLAGE IS DEDICATED TO ENHANCE THE DIGNITY, INDEPENDENCE, WELL BEING, AND SECURITY OF OUR RESIDENTS THROUGH A BALANCED SPECTRUM OF RESIDENTIAL AND HEALTH CARE PROGRAMS AND SERVICES. RESOURCES ARE DIRECTED TO PROVIDE A CARING AND INNOVATIVE ENVIRONMENT TO EFFECTIVELY BENEFIT THE RESIDENTS SOCIALLY, EMOTIONALLY, PHYSICALLY AND SPIRITUALLY. THE VILLAGE IS EQUALLY COMMITTED TO PROVIDING A WELCOMING, OPEN AND COOPERATIVE WORKPLACE FOR OUR STAFF. THE BOARD OF DIRECTORS AND MANAGEMENT ARE COMMITTED TO SOUND FISCAL MANAGEMENT.
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