Wellmet Project Inc (EIN 042270072) - Form 990 Financial Analysis & Trantor Score

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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

1960

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Wellmet Project Inc, founded in 1960, is a small nonprofit in the Mental Health sector that reported $836K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $784K left a modest 6% surplus.

Mission

To provide low cost housing and assistance to de-institutionalized psychiatric patients.

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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 (2023)

Revenue Breakdown

Contributions & Grants $66,408

Program Service Revenue $766,949

Investment Income $2,864

Other Revenue $0

TOTAL REVENUE $836,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,087

Fundraising Expenses $0

Program Expenses $573,375

Other Expenses $475,983

TOTAL EXPENSES $784,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$836,221	$768,244	+0.1%
Expenses	$784,070	$793,343	0.0%
Net Income	$52,151	$-25,099	-3.1%

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

N/A

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

Total Directors

Key Employees

$125,658

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gurty Jean-Denis	Executive Director	40.00	Key Emp	$105,783	$19,875	$125,658
Andrew Upton	Director	2.00	Director	$0	$0	$0
Cathy Sessler	Director	2.00	Director	$0	$0	$0
William Bett	Director	2.00	Director	$0	$0	$0
Lianna Joubert	Director	2.00	Director	$0	$0	$0
Erik Williams	Director	2.00	Director	$0	$0	$0
Carlton Robinson	Director	2.00	Director	$0	$0	$0
Boris Nikitin	Treasurer	2.00	Officer Director	$0	$0	$0
Andrew Wood	President	2.00	Officer	$0	$0	$0
Joan Pic	Vice President	2.00	Officer	$0	$0	$0
Christopher Miller	Board Chair and Clerk	2.00	Officer	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$836,221	$784,070	$2,052,649	$52,151
2023	$768,244	$793,343	$2,034,258	$-25,099
2022	$753,911	$759,103	$1,790,667	$-5,192
2021	$646,467	$756,677	$1,806,488	$-110,210

Wellmet Project Inc