WELLSPRING INC (EIN 222632367) - 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

1985

Legal Domicile

Principal Officer

SUZANNE FARLEY

Phone

2079411612

Tax Period

2024-07-01 to 2025-06-30

WELLSPRING INC, founded in 1985, is a community nonprofit in the Mental Health sector that reported $5.9M in total revenue in fiscal year 2024.

Mission

WELLSPRING PROVIDES A CONTINUUM OF TRAUMA-INFORMED SUBSTANCE USE AND CO- OCCURRING MENTAL HEALTH SERVICES IN A COMPASSIONATE AND WELCOMING ENVIRONMENT TO SUPPORT PEOPLE ON THEIR JOURNEY TO RECOVERY REGARDLESS OF INCOME.

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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 $1,512,847

Program Service Revenue $4,323,591

Investment Income $1,097

Other Revenue $43,426

TOTAL REVENUE $5,880,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,507,003

Fundraising Expenses $16,975

Program Expenses $5,075,106

Other Expenses $1,490,898

TOTAL EXPENSES $5,997,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,880,961	$5,726,994	+0.0%
Expenses	$5,997,901	$5,998,652	0.0%
Net Income	$-116,940	$-271,658	-0.6%

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

115

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

$118,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE FARLEY	EXECUTIVE DI	40.00	Officer	$109,151	$9,696	$118,847
ROBERT BAKKER	DIRECTOR	1.00	Director	$0	$0	$0
JON BOWEN	DIRECTOR	1.00	Director	$0	$0	$0
LUCIE ESTABROOK	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM M SHOOK JR	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE LEWIS	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKI MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
LEAH MAXWELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
REBECCA MCMAHAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAWN M PELLETIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE RACINE	DIRECTOR	1.00	Director	$0	$0	$0
LYNN SEEKINS	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MATT WATKINS	TREASURER	1.00	Officer Director	$0	$0	$0
ROBIN WHITNEY	DIRECTOR	1.00	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
2025	$5,880,961	$5,997,901	$2,183,756	$-116,940
2024	$5,726,994	$5,998,652	$1,477,492	$-271,658
2023	$6,076,512	$6,222,406	$1,884,396	$-145,894
2022	$5,083,421	$4,948,326	$1,447,047	$135,095
2021	$4,434,002	$4,195,758	$1,038,219	$238,244
2020	$4,097,471	$4,154,414	$1,005,261	$-56,943
2019	$3,881,779	$3,911,536	$818,553	$-29,757
2018	$3,290,436	$3,239,147	$737,396	$51,289

WELLSPRING INC