WELLMORE INC (EIN 060669107) - 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

1951

Legal Domicile

Principal Officer

GARY STECK

Phone

2035749000

Tax Period

2022-07-01 to 2023-06-30

WELLMORE INC, founded in 1951, is a mid-sized nonprofit in the Mental Health sector that reported $20.6M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $19.9M left a modest 3% surplus.

Mission

TO PROMOTE LIFETIME WELLNESS THROUGH ESSENTIAL AND INNOVATIVE TREATMENT AND SUPPORT WHERE INDIVIDUALS ARE EMPOWERED TO LEAD HEALTHY AND FULFILLING LIVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,432,011

Program Service Revenue $5,209,959

Investment Income $-51,011

Other Revenue $-24,780

TOTAL REVENUE $20,566,179

Expense Breakdown

Grants Paid $28,212

Salaries & Benefits $15,268,254

Fundraising Expenses $183,594

Program Expenses $16,941,118

Other Expenses $4,613,456

TOTAL EXPENSES $19,909,922

Year-over-Year Comparison

	2022	2021	Change
Revenue	$20,566,179	$17,839,161	+0.2%
Expenses	$19,909,922	$17,372,485	+0.1%
Net Income	$656,257	$466,676	+0.4%

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

320

Volunteers

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

$328,318

Total Directors

Key Employees

$440,371

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR PETER JACOBY	DIRECTOR	1.00	Director	$0	$0	$0
ARMANDO PAOLINO III	DIRECTOR	1.00	Director	$0	$0	$0
SUERETTE BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
CHERRIE L LAMB	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BECKER	DIRECTOR (TO 09/30/2022)	1.00	Director	$0	$0	$0
DR MICHAEL ROKOSKY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS R BUZZELLI	SECRETARY (TO 09/30/2022)	1.00	Officer Director	$0	$0	$0
FRANK J SCINTO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LORI TURMEL KECSKES	DIRECTOR	1.00	Director	$0	$0	$0
GLENN MACINNES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES F NARDOZZI	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHLEEN BROCHHAUSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA WIHBEY	DIRECTOR	1.00	Director	$0	$0	$0
XHEMIL JOHN KOLIANI	TREASURER	1.00	Officer Director	$0	$0	$0
GARY M STECK LMFT	CHIEF EXECUTIVE OFFICER	40.00	Officer	$232,033	$25,941	$257,974
ADRIANA ODICE	CFO/VP FINANCE & ADMIN	40.00	Officer	$66,801	$3,543	$70,344
CHRISTOPHER YOUNG MD	MEDICAL DIRECTOR	40.00	Key Emp	$385,328	$55,043	$440,371
KRISTIN PRACITTO	VICE PRESIDENT OF CHILD SERVICES	40.00	Highest	$141,206	$12,344	$153,550
BHAGYA REDDY	PSYCHIATRIST	25.00	Highest	$147,301	$0	$147,301
MORGAN MCCALMON	APRN	40.00	Highest	$131,028	$7,083	$138,111
RAYMOND GUNN	APRN	40.00	Highest	$131,178	$11,598	$142,776
GRACE WILKINS	APRN	40.00	Highest	$121,399	$5,624	$127,023

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	No data	No data	No data	No data
2023	$20,566,179	$19,909,922	$16,265,979	$656,257
2022	$17,839,161	$17,372,485	$12,187,353	$466,676
2021	$20,662,819	$17,871,090	$11,731,796	$2,791,729
2020	$18,178,794	$18,470,717	$11,389,831	$-291,923
2019	$19,336,140	$18,501,166	$9,360,349	$834,974
2018	$17,826,919	$17,549,235	$8,537,531	$277,684

WELLMORE INC