WELLSPRING BRIDGE APARTMENTS (EIN 208284525) - 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

2008

Legal Domicile

Principal Officer

KATHARINE DOBBINS

Phone

5026374361

Tax Period

2024-07-01 to 2025-06-30

WELLSPRING BRIDGE APARTMENTS, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $74K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $95K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR EIGHT MEN AND WOMEN WITH MENTAL ILLNESS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $69,103

Investment Income $97

Other Revenue $5,041

TOTAL REVENUE $74,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,658

Other Expenses $95,126

TOTAL EXPENSES $95,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,241	$66,927	+0.1%
Expenses	$95,126	$87,637	+0.1%
Net Income	$-20,885	$-20,710	+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

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

$275,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK TRAWICK	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM FRIEL	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER HAIRGROVE	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS HARAGAN	DIRECTOR	0.50	Director	$0	$0	$0
KATHARINE DOBBINS	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$14,260	$149,873
JOHN ALEXANDER	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$6,257	$126,110

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	$74,241	$95,126	$676,393	$-20,885
2024	$66,927	$87,637	$689,058	$-20,710
2023	$58,178	$88,565	$705,711	$-30,387
2022	$48,706	$72,789	$719,471	$-24,083
2021	$47,333	$79,123	$739,473	$-31,790
2020	$45,197	$74,101	$755,359	$-28,904
2019	$47,612	$65,760	$774,777	$-18,148

WELLSPRING BRIDGE APARTMENTS