Wellspring for the World Inc (EIN 203570846) - 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

2005

Legal Domicile

Principal Officer

Sue Anderson

Phone

7012358765

Tax Period

2023-01-01 to 2023-12-31

Wellspring for the World Inc, founded in 2005, is a small nonprofit that reported $196K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $318K exceeded revenue, resulting in a 63% operating deficit.

Mission

Fund wells and water projects

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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 $187,767

Program Service Revenue $7,785

Investment Income $10

Other Revenue $0

TOTAL REVENUE $195,562

Expense Breakdown

Grants Paid $296,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,723

Other Expenses $21,483

TOTAL EXPENSES $317,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,562	$171,157	+0.1%
Expenses	$317,983	$293,121	+0.1%
Net Income	$-122,421	$-121,964	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bonnie Freeland	Pres(Jan-Sept)/Board Member(From Sept)	15.00	Officer Director	$0	$0	$0
Sue Anderson	Vice President	5.00	Officer Director	$0	$0	$0
Maureen Bartelt	Treasurer	5.00	Officer Director	$0	$0	$0
Rynell Freeland	Secretary	5.00	Officer Director	$0	$0	$0
Kim Lauf	Board Member (thru Aug)	5.00	Director	$0	$0	$0
Jon Forness	Board Member	5.00	Director	$0	$0	$0
Mark Larsen	Board Member/PR Rep	5.00	Director	$0	$0	$0
Al Jaeger	Board Member	5.00	Director	$0	$0	$0
Chris Pope	Board Member	5.00	Director	$0	$0	$0
Abby Kohls	Board Member	5.00	Director	$0	$0	$0
Abby Freeland	Board Member	5.00	Director	$0	$0	$0
Sarah Lindemann	Board Member	5.00	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
2024	No data	No data	No data	No data
2023	$195,562	$317,983	$171,792	$-122,421
2022	$171,157	$293,121	$469,780	$-121,964
2021	$160,576	$294,282	$597,718	$-133,706
2020	$393,754	$282,164	$731,352	$111,590
2019	$280,292	$593,734	$619,562	$-313,442
2018	$1,401,088	$743,412	$933,727	$657,676

Wellspring for the World Inc