WELFARE RESEARCH INC

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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

1967

Legal Domicile

Principal Officer

JANINE ZWEIG

Phone

5187134726

Tax Period

2025-01-01 to 2025-12-31

WELFARE RESEARCH INC, founded in 1967, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF WELFARE RESEARCH, INC. IS TO PROVIDE RESEARCH AND TECHNICAL ASSISTANCE TO ENHANCE ORGANIZATION AND STAFF CAPACITY IN THE HUMAN SERVICES, HEALTH AND EDUCATIONAL SECTORS.

Program Service Accomplishments

Program 1

Expenses: $11,517,109 Revenue: $9,366

THE PROGRAM SERVICES PROVIDED STUDIES, PROJECTS, AND OTHER RELATED RESEARCH IN THE AREA OF HUMAN SERVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,229,060

Program Service Revenue $0

Investment Income $20,993

Other Revenue $9,366

TOTAL REVENUE $12,259,419

Expense Breakdown

Grants Paid $4,263,337

Salaries & Benefits $6,163,002

Fundraising Expenses $0

Program Expenses $11,517,109

Other Expenses $1,551,363

TOTAL EXPENSES $11,977,702

Year-over-Year Comparison

	2025	2024	Change
Revenue	$12,259,419	$10,902,361	+0.1%
Expenses	$11,977,702	$11,074,060	+0.1%
Net Income	$281,717	$-171,699	-2.6%

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

$400,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN BALLANTYNE	DIRECTOR	0.50	Director	$0	$0	$0
BRYN CANNER	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN CONNALLY	DIRECTOR	0.50	Director	$0	$0	$0
TARA DUBEY	DIRECTOR	0.50	Director	$0	$0	$0
LAURI GOLDKIND	DIRECTOR	0.50	Director	$0	$0	$0
ANNE KUPPINGER	DIRECTOR	0.50	Director	$0	$0	$0
HELENE LAUFFER	DIRECTOR	0.50	Director	$0	$0	$0
JOAN MONTBACH	DIRECTOR	0.50	Director	$0	$0	$0
STEFANIE TREPPER	DIRECTOR	0.50	Director	$0	$0	$0
TIM WEILER	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN CONKLIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
JUDY ARCHER	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
JUAN CANALES	TREASURER	0.50	Officer Director	$0	$0	$0
DAVID ROSSETTI	SECRETARY	0.50	Officer Director	$0	$0	$0
DARLENE WARD	EXECUTIVE DIRECTOR (OUTGOING)	37.50	Officer	$187,176	$23,584	$210,760
JANINE ZWEIG	EXECUTIVE DIRECTOR (INCOMING)	37.50	Officer	$22,190	$1,581	$23,771
LAWRENCE POITRAS	CFO	37.50	Officer	$126,216	$39,641	$165,857
NISHA AGAWAL	EXEC DIR OF POLICY & COMMUNICATIONS	35.00	Highest	$162,440	$32,245	$194,685
SHIRLEY BERGER	DIRECTOR OPFCS	35.00	Highest	$126,596	$43,118	$169,714
ALLYSON FAIRCLOTH	CONTRACTS SUPERVISOR	35.00	Highest	$104,794	$24,982	$129,776
DEBBIE MODESTE	PROGRAM SPECIALIST	35.00	Highest	$102,945	$24,749	$127,694
MINAKSHI TIKKO	EXEC DIR OF DATA & DIGITAL STRATEGY	35.00	Highest	$185,621	$35,166	$220,787
ALERUCHI WOSU	DEPUTY DIRECTOR OF FINANCE	35.00	Highest	$185,449	$35,145	$220,594

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	$12,259,419	$11,977,702	$5,020,350	$281,717
2024	$10,902,361	$11,074,060	$3,489,846	$-171,699
2023	$8,255,935	$8,493,880	$5,311,770	$-237,945
2022	$10,254,599	$9,267,324	$3,748,246	$987,275
2021	$56,602,277	$56,058,972	$8,298,466	$543,305
2020	$4,458,351	$5,404,520	$4,023,005	$-946,169
2019	$3,784,227	$3,786,937	$1,494,910	$-2,710
2018	$3,104,018	$2,962,130	$1,178,668	$141,888