Wellmed Charitable Foundation

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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

2006

Legal Domicile

Principal Officer

GEORGE M RAPIER III

Phone

2106174219

Tax Period

2023-01-01 to 2023-12-31

Wellmed Charitable Foundation, founded in 2006, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

Our mission is to support seniors and their caregivers in our community with a special emphasis on wellness and prevention.

Program Service Accomplishments

Program 1

Expenses: $1,374,244 Revenue: $0

WELLMED CHARITABLE FOUNDATION CONTRIBUTES FINANCIAL ASSISTANCE TO ORGANIZATIONS AND INDIVIDUALS IN THE COMMUNITY BASED ON NEED. WellMed Delivers provided 3,371 grocery deliveries in 2023...

WELLMED CHARITABLE FOUNDATION CONTRIBUTES FINANCIAL ASSISTANCE TO ORGANIZATIONS AND INDIVIDUALS IN THE COMMUNITY BASED ON NEED. WellMed Delivers provided 3,371 grocery deliveries in 2023. Additionally, there were 204 cash awards provided as part of the Compassion Fund.

Program 2

Expenses: $1,869,422 Revenue: $0

WELLMED CHARITABLE FOUNDATION OPERATES 11 SENIOR CENTERS AND PROVIDES CLASSROOM INSTRUCTION AND EDUCATION FOR THE BENEFIT OF THE SENIOR CITIZENS VARYING BY LOCATION, INCLUDING BUT NOT LIMITED TO...

WELLMED CHARITABLE FOUNDATION OPERATES 11 SENIOR CENTERS AND PROVIDES CLASSROOM INSTRUCTION AND EDUCATION FOR THE BENEFIT OF THE SENIOR CITIZENS VARYING BY LOCATION, INCLUDING BUT NOT LIMITED TO HEALTH SCREENINGS, ACTIVITIES, SEMINARS, AND MEALS.

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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 $3,685,096

Program Service Revenue $0

Investment Income $85,308

Other Revenue $68,179

TOTAL REVENUE $3,838,583

Expense Breakdown

Grants Paid $1,374,244

Salaries & Benefits $493,412

Fundraising Expenses $0

Program Expenses $3,243,666

Other Expenses $2,092,536

TOTAL EXPENSES $3,960,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,838,583	$4,745,308	-0.2%
Expenses	$3,960,192	$4,989,772	-0.2%
Net Income	$-121,609	$-244,464	-0.5%

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

194

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
GEORGE M RAPIER III	CHAIRMAN	1.0	Director	$0	$0	$0
BRYAN D GRUNDHOEFER	MANAGER	1.0	Officer Director	$0	$0	$0
RICHARD MANNING	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
CJ ROACH	SECR/TREAS	1.0	Officer Director	$0	$0	$0
JIMMIE KEENAN	DIRECTOR	1.0	Director	$0	$0	$0
CARLOS HERNANDEZ	DIRECTOR	1.0	Director	$0	$0	$0
CAROL E ZERNIAL	EXECUTIVE DIRECTOR	1.0	Officer	$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	$3,838,583	$3,960,192	$4,164,123	$-121,609
2022	$4,745,308	$4,989,772	$5,178,028	$-244,464
2021	$6,529,021	$6,554,392	$5,288,908	$-25,371
2020	$6,428,509	$6,238,329	$5,232,333	$190,180