WELLSPRING HOUSE INC (EIN 042735048) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Phone

9782813558

Tax Period

2024-07-01 to 2025-06-30

WELLSPRING HOUSE INC, founded in 1981, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $4.4M left a modest 9% surplus.

Mission

WELLSPRING INSPIRES FAMILIES AND ADULTS ON THE NORTH SHORE TO ACHIEVE EMPLOYMENT AND FINANCIAL SECURITY THROUGH STABLE HOUSING, EDUCATION, JOB TRAINING AND CAREER READINESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,222,717

Program Service Revenue $1,786,461

Investment Income $596,319

Other Revenue $211,067

TOTAL REVENUE $4,816,564

Expense Breakdown

Grants Paid $358,694

Salaries & Benefits $2,700,152

Fundraising Expenses $540,022

Program Expenses $3,018,999

Other Expenses $1,334,240

TOTAL EXPENSES $4,393,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,816,564	$3,515,654	+0.4%
Expenses	$4,393,086	$3,503,039	+0.3%
Net Income	$423,478	$12,615	+32.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

135

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

$138,254

Total Directors

$138,254

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA A DIMOND	PRESIDENT AND EXECUTIVE DIRECTOR	40.00	Officer Director	$135,056	$3,198	$138,254
EMILY MADDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA FROST	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHANIE ROGERS	BOARD MEMBER	2.00	Director	$0	$0	$0
CATHY BILOTTA	BOARD MEMBER	2.00	Director	$0	$0	$0
BONNIE FENDROCK	BOARD MEMBER	2.00	Director	$0	$0	$0
PURVI HARLEY	BOARD CLERK	2.00	Officer Director	$0	$0	$0
BERNADETTE ORR	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JENNY PERKIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOAN QUINLAN	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
JANE BURKE-MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
GABY DEBENEDICTIS	BOARD MEMBER	2.00	Director	$0	$0	$0
CONOR MACCORKLE	BOARD MEMBER	2.00	Director	$0	$0	$0
ANTHONY PERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
ELAINE QUINN	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURENE WESSEL	BOARD MEMBER	2.00	Director	$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	$4,816,564	$4,393,086	$3,668,590	$423,478
2024	$3,515,654	$3,503,039	$3,807,986	$12,615
2023	$2,987,734	$2,952,397	$3,410,540	$35,337
2022	$2,538,599	$2,589,694	$3,414,506	$-51,095
2021	$2,898,885	$2,535,203	$3,606,829	$363,682
2020	$2,327,157	$2,423,306	$3,260,333	$-96,149
2019	$2,456,980	$2,334,392	$2,998,010	$122,588

WELLSPRING HOUSE INC