FERGUS FALLS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE WELCOME HOUSE INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $399K left a modest 11% surplus.
THE WELCOME HOUSE IS A HOME FOR HOPE AND HEALING WHERE WOMEN WITH BARRIERS TO SUCCESSFUL LIVING CAN LEARN TO PUT THEIR PAST BEHIND AND DISCOVER AND CREATE A NEW FUTURE. THE HOME WILL BE LICENSED FOR UP TO TEN WOMEN WHO ARE TRANSITIONING OUT OF TREATMENT PROGRAMS, JAIL, ABUSIVE RELATIONSHIPS, OR OTHER SITUATIONS THAT PUT THEM AT A GREATER RISK OF HOMELESSNESS. THE WELCOME HOUSE WILL PROVIDE SUPPORTIVE SERVICES FOR OUR RESIDENTS SUCH AS: MENTOR NETWORK, WORK READINESS AND PLACEMENT ASSISTANCE, INDIVIDUALIZED GOAL SETTING, FINANCIAL MANAGEMENT, LIFE SKILLS, SELF-CARE, COMMUNITY CONNECTIONS, NUTRITION AND COOKING HEALTHY MEALS, INDIVIDUAL ADVOCACY, HEALTHY RELATIONSHIPS, SPIRITUAL SUPPORT AND POSITIVE PARENTING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $449,744 | $333,565 | +0.3% |
| Expenses | $399,027 | $346,200 | +0.2% |
| Net Income | $50,717 | $-12,635 | -5.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WENDY ERLANDSON | BOARD CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| RHONDA CARROLL | OFFICER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRISHA GROVE | Treasurer | 7.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY SOUTH | OFFICER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEIGH LAKE | Secretary | 2.00 |
Director
|
$0 | $0 | $0 |
| BETH NELSON | OFFICER | 3.00 |
Director
|
$0 | $0 | $0 |
| HEIDI PETERSON | OFFICER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARY LORENO | OFFICER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $449,744 | $399,027 | $357,787 | $50,717 |
| 2024 | $333,565 | $346,200 | $310,645 | $-12,635 |
| 2023 | $292,951 | $305,656 | $327,220 | $-12,705 |
| 2022 | $235,716 | $192,258 | $397,674 | $43,458 |
| 2021 | $185,561 | $133,120 | $98,508 | $52,441 |
Compare THE WELCOME HOUSE INC with other nonprofits in Minnesota and across the country.